Cwm LLC Has $18.77 Million Position in Tapestry, Inc. $TPR

Cwm LLC raised its stake in shares of Tapestry, Inc. (NYSE:TPR) by 35.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 165,803 shares of the luxury accessories retailer’s stock after purchasing an additional 43,744 shares during the period. Cwm LLC’s holdings in Tapestry were worth $18,772,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TPR. Flaharty Asset Management LLC bought a new stake in shares of Tapestry during the 1st quarter worth $25,000. First PREMIER Bank bought a new stake in Tapestry during the second quarter valued at about $25,000. Vestor Capital LLC bought a new stake in Tapestry during the second quarter valued at about $27,000. CVA Family Office LLC increased its stake in shares of Tapestry by 224.8% in the second quarter. CVA Family Office LLC now owns 380 shares of the luxury accessories retailer’s stock worth $33,000 after purchasing an additional 263 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Tapestry during the 2nd quarter worth about $37,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Tapestry Stock Up 0.8%

TPR opened at $131.23 on Friday. The company has a market capitalization of $26.86 billion, a P/E ratio of 117.17, a P/E/G ratio of 2.70 and a beta of 1.65. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.52 and a quick ratio of 0.93. The firm’s fifty day moving average price is $113.43 and its two-hundred day moving average price is $106.56. Tapestry, Inc. has a fifty-two week low of $58.39 and a fifty-two week high of $131.40.

Tapestry (NYSE:TPR) last announced its quarterly earnings data on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.13. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the company posted $0.84 EPS. The business’s revenue was up 13.1% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. On average, analysts anticipate that Tapestry, Inc. will post 4.91 EPS for the current year.

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

Tapestry Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, December 5th. Tapestry’s payout ratio is presently 142.86%.

Insider Buying and Selling

In other news, insider Denise Kulikowsky sold 583 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $115.17, for a total value of $67,144.11. Following the sale, the insider directly owned 19,285 shares in the company, valued at approximately $2,221,053.45. This represents a 2.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Scott A. Roe sold 18,794 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $104.85, for a total value of $1,970,550.90. Following the transaction, the chief financial officer owned 148,149 shares of the company’s stock, valued at $15,533,422.65. This trade represents a 11.26% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 115,485 shares of company stock worth $12,034,058. Insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TPR shares. Robert W. Baird set a $140.00 target price on Tapestry in a report on Wednesday, December 17th. Evercore ISI increased their price objective on Tapestry from $125.00 to $129.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Barclays boosted their target price on shares of Tapestry from $111.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday, September 11th. Morgan Stanley increased their price target on shares of Tapestry from $124.00 to $126.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Tapestry in a report on Wednesday, October 8th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Tapestry has a consensus rating of “Moderate Buy” and a consensus price target of $122.00.

About Tapestry

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.