Traub Capital Management LLC Acquires Shares of 4,836 Tapestry, Inc. $TPR

Traub Capital Management LLC purchased a new position in shares of Tapestry, Inc. (NYSE:TPR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,836 shares of the luxury accessories retailer’s stock, valued at approximately $425,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Jump Financial LLC raised 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 valued at $5,612,000 after buying an additional 72,623 shares during the period. Neo Ivy Capital Management bought a new position in shares of Tapestry in the first quarter valued at approximately $1,476,000. Nuveen LLC bought a new position in Tapestry in the 1st quarter valued at $59,133,000. Hsbc Holdings PLC grew its position in Tapestry by 50.6% during the first quarter. Hsbc Holdings PLC now owns 351,793 shares of the luxury accessories retailer’s stock worth $24,596,000 after buying an additional 118,200 shares in the last quarter. Finally, Range Financial Group LLC boosted its position in shares of Tapestry by 20.5% during the 2nd quarter. Range Financial Group LLC now owns 38,447 shares of the luxury accessories retailer’s stock valued at $3,376,000 after acquiring an additional 6,535 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Insiders Place Their Bets

In other Tapestry news, Director Alan Ka Ming Lau sold 11,320 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $106.19, for a total transaction of $1,202,070.80. Following the transaction, the director owned 8,153 shares in the company, valued at approximately $865,767.07. This represents a 58.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Manesh Dadlani sold 7,882 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $99.05, for a total value of $780,712.10. Following the completion of the transaction, 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 position. The SEC filing for this sale provides additional information. 1.32% of the stock is currently owned by insiders.

Tapestry Stock Up 1.6%

NYSE TPR opened at $103.35 on Wednesday. Tapestry, Inc. has a 1 year low of $54.98 and a 1 year high of $118.56. The stock has a market capitalization of $21.15 billion, a PE ratio of 164.04, a PEG ratio of 2.72 and a beta of 1.71. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.87 and a quick ratio of 1.31. The business’s 50-day moving average is $110.76 and its 200 day moving average is $99.23.

Tapestry (NYSE:TPR) last released its quarterly earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.13. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.63 billion. Tapestry had a return on equity of 68.02% and a net margin of 2.61%.Tapestry’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. Sell-side analysts forecast that Tapestry, Inc. will post 4.91 earnings per share for the current year.

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

Tapestry Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be issued a $0.40 dividend. The ex-dividend date is Friday, December 5th. This represents a $1.60 annualized dividend and a yield of 1.5%. Tapestry’s payout ratio is 142.86%.

Analysts Set New Price Targets

Several research analysts recently issued reports on TPR shares. Robert W. Baird set a $130.00 target price on shares of Tapestry in a research report on Wednesday, October 29th. Wall Street Zen upgraded shares of Tapestry from a “buy” rating to a “strong-buy” rating in a report on Monday, November 10th. Cowen reaffirmed a “buy” rating on shares of Tapestry in a research note on Thursday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tapestry in a research report on Wednesday, October 8th. Finally, BTIG Research began coverage on shares of Tapestry in a research report on Tuesday, October 14th. They set a “buy” rating and a $140.00 price target for the company. Eighteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Tapestry has a consensus rating of “Moderate Buy” and an average price target of $119.26.

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.