U S Global Investors Inc. Invests $571,000 in Tapestry, Inc. $TPR

U S Global Investors Inc. bought a new position in Tapestry, Inc. (NYSE:TPR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 6,500 shares of the luxury accessories retailer’s stock, valued at approximately $571,000.

Other large investors have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. purchased a new position in Tapestry during the first quarter valued at approximately $1,708,000. Nisa Investment Advisors LLC grew its stake in Tapestry by 16.7% during the first quarter. Nisa Investment Advisors LLC now owns 63,342 shares of the luxury accessories retailer’s stock valued at $4,460,000 after acquiring an additional 9,049 shares in the last quarter. Jump Financial LLC grew its stake in Tapestry by 1,025.9% during the first quarter. Jump Financial LLC now owns 79,702 shares of the luxury accessories retailer’s stock valued at $5,612,000 after acquiring an additional 72,623 shares in the last quarter. Allworth Financial LP grew its stake in Tapestry by 689.0% during the first quarter. Allworth Financial LP now owns 13,374 shares of the luxury accessories retailer’s stock valued at $913,000 after acquiring an additional 11,679 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new position in Tapestry during the first quarter valued at approximately $1,476,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TPR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tapestry in a research note on Wednesday. The Goldman Sachs Group boosted their price objective on shares of Tapestry from $116.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $115.00 price objective (up previously from $85.00) on shares of Tapestry in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Tapestry from $139.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, September 11th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $112.00 price objective on shares of Tapestry in a research note on Friday, August 15th. Seventeen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.42.

Tapestry Price Performance

TPR stock opened at $108.35 on Friday. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.87 and a quick ratio of 1.31. Tapestry, Inc. has a one year low of $43.07 and a one year high of $117.77. The stock has a market cap of $22.43 billion, a PE ratio of 171.98, a P/E/G ratio of 2.74 and a beta of 1.57. The firm has a 50 day simple moving average of $107.67 and a two-hundred day simple moving average of $90.60.

Tapestry (NYSE:TPR) last released its quarterly earnings results on Thursday, August 14th. The luxury accessories retailer reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. Tapestry had a net margin of 2.61% and a return on equity of 68.02%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the company earned $0.92 EPS. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS. On average, analysts predict that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, September 5th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, September 5th. This is a positive change from Tapestry’s previous quarterly dividend of $0.35. Tapestry’s dividend payout ratio (DPR) is presently 253.97%.

Insider Buying and Selling

In other news, Director Alan Ka Ming Lau sold 11,320 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $106.19, for a total value of $1,202,070.80. Following the completion of the sale, the director directly owned 8,153 shares in the company, valued at approximately $865,767.07. The trade was a 58.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Manesh Dadlani sold 7,882 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $99.05, for a total transaction of $780,712.10. Following the completion of the sale, the vice president owned 21,098 shares of the company’s stock, valued at approximately $2,089,756.90. The trade was a 27.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.32% of the company’s stock.

Tapestry Profile

Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women’s handbags; and women’s accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.