Interval Partners LP Cuts Stock Holdings in Tapestry, Inc. $TPR

Interval Partners LP lowered its position in shares of Tapestry, Inc. (NYSE:TPR) by 69.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 318,628 shares of the luxury accessories retailer’s stock after selling 715,764 shares during the quarter. Interval Partners LP owned approximately 0.16% of Tapestry worth $36,075,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Cloud Capital Management LLC acquired a new position in Tapestry in the 3rd quarter valued at $26,000. Vestor Capital LLC acquired a new stake in Tapestry during the 2nd quarter worth $27,000. Johnson Financial Group Inc. purchased a new stake in shares of Tapestry during the second quarter worth $39,000. Wealth Watch Advisors INC purchased a new stake in shares of Tapestry during the third quarter worth $54,000. Finally, SJS Investment Consulting Inc. raised its position in shares of Tapestry by 2,171.4% in the third quarter. SJS Investment Consulting Inc. now owns 477 shares of the luxury accessories retailer’s stock valued at $54,000 after buying an additional 456 shares during the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tapestry

In related news, insider Denise Kulikowsky sold 9,166 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 26,942 shares of the company’s stock, valued at approximately $4,192,714.04. This trade represents a 25.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Scott A. Roe sold 44,290 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $152.62, for a total transaction of $6,759,539.80. Following the completion of the sale, the chief financial officer owned 139,128 shares in the company, valued at approximately $21,233,715.36. This trade represents a 24.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 164,956 shares of company stock worth $25,297,262. Insiders own 1.32% of the company’s stock.

Tapestry Trading Down 0.4%

Shares of TPR opened at $142.12 on Friday. Tapestry, Inc. has a 12-month low of $58.39 and a 12-month high of $161.97. The firm has a market capitalization of $28.77 billion, a P/E ratio of 58.73, a P/E/G ratio of 1.71 and a beta of 1.55. The firm has a 50-day moving average price of $141.96 and a 200 day moving average price of $122.94. 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 (NYSE:TPR) last issued its 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 company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. Tapestry’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Sell-side analysts forecast that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s dividend payout ratio is 66.12%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. UBS Group reissued a “neutral” rating and issued a $141.00 price target on shares of Tapestry in a research note on Monday, February 9th. Guggenheim began coverage on shares of Tapestry in a research note on Tuesday, December 9th. They set a “neutral” rating for the company. Jefferies Financial Group downgraded shares of Tapestry from a “buy” rating to a “hold” rating and cut their price objective for the company from $142.00 to $138.00 in a report on Wednesday, January 14th. BNP Paribas Exane began coverage on Tapestry in a report on Friday, February 13th. They set an “outperform” rating and a $176.00 target price on the stock. Finally, TD Cowen restated a “buy” rating on shares of Tapestry in a research report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.06.

Tapestry Company 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.