Tounjian Advisory Partners LLC Sells 4,144 Shares of Tapestry, Inc. $TPR

Tounjian Advisory Partners LLC decreased its position in Tapestry, Inc. (NYSE:TPR) by 22.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,988 shares of the luxury accessories retailer’s stock after selling 4,144 shares during the period. Tounjian Advisory Partners LLC’s holdings in Tapestry were worth $1,584,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in TPR. Rafferty Asset Management LLC boosted its stake in shares of Tapestry by 15.3% in the 3rd quarter. Rafferty Asset Management LLC now owns 21,132 shares of the luxury accessories retailer’s stock valued at $2,393,000 after purchasing an additional 2,803 shares in the last quarter. Keystone Investors PTE Ltd. increased its stake in shares of Tapestry by 93.0% in the third quarter. Keystone Investors PTE Ltd. now owns 53,319 shares of the luxury accessories retailer’s stock worth $6,037,000 after buying an additional 25,696 shares during the period. Andra AP fonden purchased a new position in shares of Tapestry in the third quarter worth $19,847,000. Banco Santander S.A. raised its holdings in Tapestry by 0.9% during the 3rd quarter. Banco Santander S.A. now owns 80,782 shares of the luxury accessories retailer’s stock valued at $9,146,000 after buying an additional 736 shares during the last quarter. Finally, R Squared Ltd boosted its position in Tapestry by 21.9% during the 3rd quarter. R Squared Ltd now owns 5,310 shares of the luxury accessories retailer’s stock valued at $601,000 after buying an additional 955 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Insider Buying and Selling

In related news, insider Denise Kulikowsky sold 9,166 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the completion of the transaction, the insider directly owned 26,942 shares of the company’s stock, valued at approximately $4,192,714.04. This represents a 25.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Todd Kahn sold 39,815 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $151.34, for a total value of $6,025,602.10. Following the transaction, the chief executive officer owned 120,578 shares of the company’s stock, valued at $18,248,274.52. This represents a 24.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 165,539 shares of company stock worth $25,364,406 in the last quarter. 1.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TPR. Zacks Research upgraded shares of Tapestry from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Robert W. Baird set a $160.00 target price on Tapestry in a research note on Friday, February 6th. Morgan Stanley upped their price target on Tapestry from $124.00 to $126.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. lifted their price objective on Tapestry from $147.00 to $148.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Finally, Jefferies Financial Group cut Tapestry from a “buy” rating to a “hold” rating and reduced their target price for the company from $142.00 to $138.00 in a research note on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Tapestry currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

Tapestry Stock Performance

Shares of Tapestry stock opened at $155.16 on Friday. The business has a fifty day simple moving average of $138.14 and a two-hundred day simple moving average of $119.67. The firm has a market capitalization of $31.41 billion, a P/E ratio of 64.11, a P/E/G ratio of 1.92 and a beta of 1.63. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. Tapestry, Inc. has a 12 month low of $58.39 and a 12 month high of $161.97.

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

Tapestry announced that its board has approved a share repurchase program on Thursday, November 6th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the luxury accessories retailer to buy up to 4.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Tapestry Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s dividend payout ratio is currently 66.12%.

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.