Jefferies Financial Group Inc. Purchases New Stake in Tapestry, Inc. $TPR

Jefferies Financial Group Inc. acquired a new position in Tapestry, Inc. (NYSE:TPR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 125,795 shares of the luxury accessories retailer’s stock, valued at approximately $14,243,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Essex Financial Services Inc. grew its position in shares of Tapestry by 3.5% during the 3rd quarter. Essex Financial Services Inc. now owns 3,324 shares of the luxury accessories retailer’s stock valued at $376,000 after acquiring an additional 113 shares during the period. Blue Trust Inc. increased its stake in shares of Tapestry by 19.7% during the 3rd quarter. Blue Trust Inc. now owns 741 shares of the luxury accessories retailer’s stock worth $84,000 after purchasing an additional 122 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of Tapestry by 3.3% in the 3rd quarter. Wedmont Private Capital now owns 4,352 shares of the luxury accessories retailer’s stock worth $502,000 after purchasing an additional 139 shares during the period. 44 Wealth Management LLC raised its holdings in shares of Tapestry by 0.8% in the 2nd quarter. 44 Wealth Management LLC now owns 19,018 shares of the luxury accessories retailer’s stock worth $1,670,000 after purchasing an additional 142 shares during the period. Finally, Whittier Trust Co. lifted its stake in Tapestry by 53.2% in the third quarter. Whittier Trust Co. now owns 478 shares of the luxury accessories retailer’s stock valued at $55,000 after purchasing an additional 166 shares during the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Tapestry Trading Down 3.7%

Shares of TPR stock opened at $144.10 on Monday. The stock has a market capitalization of $29.17 billion, a price-to-earnings ratio of 59.55, a PEG ratio of 1.73 and a beta of 1.55. The company’s fifty day simple moving average is $140.38 and its two-hundred day simple moving average is $121.66. Tapestry, Inc. has a 1 year low of $58.39 and a 1 year high of $161.97. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.49. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period last year, the company earned $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, analysts anticipate that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.60 annualized dividend and a yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is currently 66.12%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TPR. Barclays set a $179.00 price objective on Tapestry and gave the company an “overweight” rating in a report on Friday, February 6th. BNP Paribas Exane assumed coverage on Tapestry in a research report on Friday, February 13th. They set an “outperform” rating and a $176.00 price target on the stock. Wall Street Zen downgraded Tapestry from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Telsey Advisory Group lifted their price objective on Tapestry to $150.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Finally, BTIG Research boosted their price objective on Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $147.00.

Insiders Place Their Bets

In other news, CEO Joanne C. Crevoiserat sold 48,795 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $154.87, for a total value of $7,556,881.65. Following the sale, the chief executive officer directly owned 671,193 shares of the company’s stock, valued at approximately $103,947,659.91. This represents a 6.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas Greco sold 14,245 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total transaction of $2,199,997.80. Following the completion of the sale, the director directly owned 21,302 shares in the company, valued at approximately $3,289,880.88. The trade was a 40.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 164,956 shares of company stock worth $25,297,262 over the last quarter. Insiders own 1.32% of the company’s stock.

Tapestry Profile

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.