Tapestry, Inc. $TPR Stock Holdings Lessened by MGO One Seven LLC

MGO One Seven LLC trimmed its position in shares of Tapestry, Inc. (NYSE:TPR) by 12.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,265 shares of the luxury accessories retailer’s stock after selling 475 shares during the period. MGO One Seven LLC’s holdings in Tapestry were worth $287,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. purchased a new position in Tapestry during the 1st quarter worth approximately $1,708,000. Nisa Investment Advisors LLC grew its position in Tapestry by 16.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 63,342 shares of the luxury accessories retailer’s stock worth $4,460,000 after purchasing an additional 9,049 shares in the last quarter. Jump Financial LLC grew its position in Tapestry by 1,025.9% during the 1st quarter. Jump Financial LLC now owns 79,702 shares of the luxury accessories retailer’s stock worth $5,612,000 after purchasing an additional 72,623 shares in the last quarter. Allworth Financial LP grew its position in Tapestry by 689.0% during the 1st quarter. Allworth Financial LP now owns 13,374 shares of the luxury accessories retailer’s stock worth $913,000 after purchasing an additional 11,679 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new position in Tapestry during the 1st quarter worth approximately $1,476,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TPR shares. BTIG Research started coverage on shares of Tapestry in a research report on Tuesday, October 14th. They set a “buy” rating and a $140.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Tapestry in a research report on Wednesday, October 8th. Cowen restated a “buy” rating on shares of Tapestry in a report on Thursday, August 7th. Morgan Stanley restated an “overweight” rating on shares of Tapestry in a report on Thursday, September 11th. Finally, Bank of America cut shares of Tapestry from a “buy” rating to a “neutral” rating and boosted their price target for the company from $95.00 to $115.00 in a report on Tuesday, July 29th. Eighteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Tapestry has a consensus rating of “Moderate Buy” and an average price target of $110.00.

Tapestry Stock Up 0.2%

TPR stock opened at $116.70 on Monday. The company has a current ratio of 1.87, a quick ratio of 1.31 and a debt-to-equity ratio of 2.77. Tapestry, Inc. has a 1 year low of $43.07 and a 1 year high of $118.56. The company has a fifty day simple moving average of $108.22 and a 200 day simple moving average of $92.43. The firm has a market cap of $24.16 billion, a PE ratio of 185.23, a PEG ratio of 2.82 and a beta of 1.57.

Tapestry (NYSE:TPR) last released its quarterly earnings data on Thursday, August 14th. The luxury accessories retailer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $1.67 billion. During the same quarter in the previous year, the business earned $0.92 EPS. Tapestry’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. Sell-side analysts anticipate 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. Investors of record on Friday, September 5th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, September 5th. This is a boost from Tapestry’s previous quarterly dividend of $0.35. Tapestry’s dividend payout ratio (DPR) is presently 253.97%.

Insider Buying and Selling at Tapestry

In other Tapestry news, Director Alan Ka Ming Lau sold 11,320 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $106.19, for a total transaction of $1,202,070.80. Following the completion of the transaction, the director owned 8,153 shares of the company’s stock, valued at $865,767.07. The trade was a 58.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Manesh Dadlani sold 7,882 shares of the business’s stock in a transaction 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 transaction, the vice president directly owned 21,098 shares of the company’s stock, valued at approximately $2,089,756.90. This represents a 27.20% decrease in their position. The disclosure for this sale can be found here. 1.32% of the stock is currently owned by insiders.

Tapestry Company 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.