Tapestry, Inc. $TPR Shares Bought by CVA Family Office LLC

CVA Family Office LLC grew its position in Tapestry, Inc. (NYSE:TPR) by 224.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 380 shares of the luxury accessories retailer’s stock after acquiring an additional 263 shares during the quarter. CVA Family Office LLC’s holdings in Tapestry were worth $33,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Focus Partners Advisor Solutions LLC increased its holdings in shares of Tapestry by 57.1% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 17,220 shares of the luxury accessories retailer’s stock valued at $1,512,000 after acquiring an additional 6,256 shares during the period. AlphaQuest LLC grew its position in Tapestry by 34.0% during the 2nd quarter. AlphaQuest LLC now owns 14,455 shares of the luxury accessories retailer’s stock worth $1,269,000 after purchasing an additional 3,671 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in Tapestry by 281.5% in the second quarter. Asset Management One Co. Ltd. now owns 24,277 shares of the luxury accessories retailer’s stock valued at $2,132,000 after purchasing an additional 17,913 shares during the period. R Squared Ltd purchased a new stake in shares of Tapestry in the second quarter valued at about $382,000. Finally, Connors Investor Services Inc. acquired a new stake in shares of Tapestry during the second quarter worth about $10,663,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tapestry

In related news, Director Alan Ka Ming Lau sold 11,320 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 8,153 shares in the company, valued at $865,767.07. The trade was a 58.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Manesh Dadlani sold 7,882 shares of the stock in a transaction dated Monday, August 25th. The shares were 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 directly owned 21,098 shares in the company, 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. 1.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays boosted their price target on Tapestry from $111.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. Wells Fargo & Company upped their price target on Tapestry from $100.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tapestry in a report on Friday. 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. Finally, Bank of America downgraded shares of Tapestry from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $95.00 to $115.00 in a research report on Tuesday, July 29th. Eighteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $113.35.

Tapestry Stock Performance

NYSE:TPR opened at $114.71 on Monday. Tapestry, Inc. has a fifty-two week low of $46.77 and a fifty-two week high of $118.56. The company has a quick ratio of 1.31, a current ratio of 1.87 and a debt-to-equity ratio of 2.77. The stock has a market cap of $23.75 billion, a PE ratio of 182.08, a price-to-earnings-growth ratio of 2.76 and a beta of 1.57. The firm’s fifty day simple moving average is $109.19 and its 200-day simple moving average is $94.28.

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

Tapestry Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, September 5th were given a dividend of $0.40 per share. The ex-dividend date was Friday, September 5th. This is a positive change from Tapestry’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. Tapestry’s dividend payout ratio (DPR) is presently 253.97%.

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.