Yousif Capital Management LLC Sells 4,670 Shares of Tapestry, Inc. $TPR

Yousif Capital Management LLC lessened its stake in Tapestry, Inc. (NYSE:TPR) by 13.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,373 shares of the luxury accessories retailer’s stock after selling 4,670 shares during the period. Yousif Capital Management LLC’s holdings in Tapestry were worth $3,326,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TPR. Vanguard Group Inc. grew its holdings in shares of Tapestry by 2.4% in the second quarter. Vanguard Group Inc. now owns 25,902,930 shares of the luxury accessories retailer’s stock worth $2,274,536,000 after acquiring an additional 606,686 shares during the period. Geode Capital Management LLC lifted its holdings in Tapestry by 3.0% in the second quarter. Geode Capital Management LLC now owns 5,500,858 shares of the luxury accessories retailer’s stock valued at $482,125,000 after acquiring an additional 158,782 shares during the period. SRS Investment Management LLC boosted its position in Tapestry by 12.4% in the second quarter. SRS Investment Management LLC now owns 5,332,824 shares of the luxury accessories retailer’s stock worth $468,275,000 after purchasing an additional 589,000 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Tapestry by 1,661.6% during the 2nd quarter. Schroder Investment Management Group now owns 4,002,818 shares of the luxury accessories retailer’s stock valued at $351,487,000 after purchasing an additional 3,775,593 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Tapestry by 36.0% during the 2nd quarter. AQR Capital Management LLC now owns 3,546,969 shares of the luxury accessories retailer’s stock valued at $311,388,000 after purchasing an additional 939,227 shares during the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tapestry

In other news, CEO Todd Kahn sold 10,344 shares of Tapestry stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $107.00, for a total transaction of $1,106,808.00. Following the sale, the chief executive officer owned 131,815 shares in the company, valued at $14,104,205. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Denise Kulikowsky sold 583 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $115.17, for a total transaction of $67,144.11. Following the transaction, the insider directly owned 19,285 shares of the company’s stock, valued at $2,221,053.45. The trade was a 2.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 115,485 shares of company stock worth $12,034,058. Insiders own 1.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TPR shares. Sanford C. Bernstein raised their price objective on shares of Tapestry from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Telsey Advisory Group reiterated an “outperform” rating and set a $150.00 price target on shares of Tapestry in a research note on Wednesday, December 17th. Barclays boosted their price objective on shares of Tapestry from $111.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. Jefferies Financial Group raised their target price on Tapestry from $135.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, Raymond James Financial boosted their price target on Tapestry from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $122.00.

Tapestry Trading Up 0.8%

Shares of Tapestry stock opened at $131.23 on Friday. Tapestry, Inc. has a fifty-two week low of $58.39 and a fifty-two week high of $131.40. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.93 and a current ratio of 1.52. The company has a market capitalization of $26.86 billion, a P/E ratio of 117.17, a P/E/G ratio of 2.68 and a beta of 1.65. The company has a fifty day moving average of $113.43 and a 200 day moving average of $106.37.

Tapestry (NYSE:TPR) last announced its quarterly earnings data on Thursday, November 6th. The luxury accessories retailer reported $1.38 EPS for the quarter, beating the consensus estimate of $1.25 by $0.13. Tapestry had a return on equity of 116.42% and a net margin of 3.77%.The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The business’s revenue was up 13.1% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. On average, sell-side analysts anticipate that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry declared that its Board of Directors has approved a share repurchase plan on Thursday, November 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the luxury accessories retailer to repurchase up to 4.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Tapestry Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, December 5th. Tapestry’s dividend payout ratio (DPR) is 142.86%.

About Tapestry

Tapestry, Inc is a New York City–based house of fashion brands that designs, produces and distributes a range of accessible luxury and lifestyle products. The company manages a portfolio led by Coach, along with Kate Spade New York and Stuart Weitzman, each offering distinct product lines that include handbags and leather goods, footwear, ready-to-wear apparel, accessories, small leather goods, jewelry and lifestyle items. Tapestry’s operations encompass product design, marketing, wholesale partnerships, retail store operations and digital commerce.

Historically, the Coach brand traces its roots to a leather workshop in New York dating to the mid-20th century.