10,417 Shares in Tapestry, Inc. $TPR Acquired by Two Sigma Securities LLC

Two Sigma Securities LLC purchased a new position in Tapestry, Inc. (NYSE:TPR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,417 shares of the luxury accessories retailer’s stock, valued at approximately $1,525,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Eurizon Capital SGR S.p.A. purchased a new position in shares of Tapestry in the fourth quarter valued at about $8,109,000. Norges Bank bought a new position in shares of Tapestry during the fourth quarter valued at about $345,349,000. SEB Asset Management AB purchased a new stake in shares of Tapestry during the first quarter worth about $59,525,000. Keystone Investors PTE Ltd. boosted its holdings in shares of Tapestry by 17.4% during the fourth quarter. Keystone Investors PTE Ltd. now owns 62,622 shares of the luxury accessories retailer’s stock worth $8,001,000 after purchasing an additional 9,303 shares during the period. Finally, Vega Investment Solutions bought a new stake in shares of Tapestry in the second quarter worth about $10,322,000. Institutional investors own 90.77% of the company’s stock.

Insider Activity

In related news, CEO Joanne C. Crevoiserat sold 27,761 shares of Tapestry stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $132.47, for a total transaction of $3,677,499.67. Following the completion of the transaction, the chief executive officer directly owned 666,149 shares of the company’s stock, valued at $88,244,758.03. This trade represents a 4.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TPR. UBS Group boosted their price target on Tapestry from $230.00 to $232.00 and gave the company a “buy” rating in a report on Friday, August 14th. BTIG Research dropped their price objective on Tapestry from $180.00 to $175.00 and set a “buy” rating for the company in a report on Friday, August 14th. Weiss Ratings upgraded Tapestry from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, August 14th. Telsey Advisory Group boosted their target price on Tapestry from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. upped their target price on Tapestry from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Tapestry presently has an average rating of “Moderate Buy” and an average target price of $175.12.

Tapestry Price Performance

Shares of TPR stock opened at $125.75 on Monday. The stock has a market cap of $25.07 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 1.59 and a beta of 1.43. The business’s fifty day moving average is $143.26 and its 200 day moving average is $144.41. Tapestry, Inc. has a twelve month low of $93.00 and a twelve month high of $164.80. The company has a quick ratio of 1.25, a current ratio of 1.75 and a debt-to-equity ratio of 3.44.

Tapestry (NYSE:TPR) last posted its quarterly earnings data on Thursday, August 13th. The luxury accessories retailer reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion. Tapestry had a return on equity of 254.95% and a net margin of 19.09%.The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 earnings per share. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. Research analysts expect that Tapestry, Inc. will post 7.94 EPS for the current fiscal year.

Tapestry Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Friday, September 4th will be paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, September 4th. This is a positive change from Tapestry’s previous quarterly dividend of $0.40. Tapestry’s dividend payout ratio (DPR) is 21.95%.

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.