R Squared Ltd Purchases Shares of 4,355 Tapestry, Inc. $TPR

R Squared Ltd acquired a new position in Tapestry, Inc. (NYSE:TPR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,355 shares of the luxury accessories retailer’s stock, valued at approximately $382,000.

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

Tapestry Stock Performance

TPR opened at $114.71 on Friday. 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 company has a market cap of $23.75 billion, a price-to-earnings ratio of 182.08, a PEG ratio of 2.76 and a beta of 1.57. Tapestry, Inc. has a 52-week low of $46.77 and a 52-week high of $118.56. The firm’s fifty day simple moving average is $109.19 and its two-hundred day simple moving average is $93.86.

Tapestry (NYSE:TPR) last posted 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. The business had revenue of $1.72 billion for 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 was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS. Equities analysts anticipate that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, September 5th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, September 5th. This is a positive change from Tapestry’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 1.4%. Tapestry’s payout ratio is 253.97%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TPR shares. JPMorgan Chase & Co. increased their price objective on shares of Tapestry from $139.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, September 11th. Wall Street Zen upgraded shares of Tapestry from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Sanford C. Bernstein restated an “outperform” rating and set a $112.00 price target on shares of Tapestry in a research report on Friday, August 15th. Bank of America lowered shares of Tapestry from a “buy” rating to a “neutral” rating and raised their price target for the company from $95.00 to $115.00 in a research report on Tuesday, July 29th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $125.00 price target on shares of Tapestry in a research report on Thursday, September 11th. Eighteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Tapestry currently has a consensus rating of “Moderate Buy” and an average target price of $113.35.

Insider Activity

In other news, Director Alan Ka Ming Lau sold 11,320 shares of the firm’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 transaction, the director directly owned 8,153 shares of the company’s stock, valued at approximately $865,767.07. This trade represents a 58.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Manesh Dadlani sold 7,882 shares of the firm’s stock in a transaction dated 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 transaction, the vice president directly owned 21,098 shares in the company, valued at approximately $2,089,756.90. This represents a 27.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.32% of the company’s stock.

About Tapestry

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.