Osaic Holdings Inc. Purchases 9,755 Shares of Tapestry, Inc. $TPR

Osaic Holdings Inc. increased its position in Tapestry, Inc. (NYSE:TPR) by 50.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 28,943 shares of the luxury accessories retailer’s stock after acquiring an additional 9,755 shares during the quarter. Osaic Holdings Inc.’s holdings in Tapestry were worth $2,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Centaurus Financial Inc. purchased a new position in shares of Tapestry in the second quarter worth approximately $135,000. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Tapestry during the 2nd quarter worth $822,000. Clarion Wealth Managment Partners LLC bought a new stake in shares of Tapestry during the 2nd quarter valued at $1,317,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Tapestry during the 2nd quarter valued at $265,000. Finally, State of Wyoming purchased a new stake in shares of Tapestry in the 2nd quarter worth $491,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Insider Activity at Tapestry

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 transaction of $67,144.11. Following the sale, the insider directly owned 19,285 shares of the company’s stock, valued at $2,221,053.45. This represents a 2.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David E. Howard sold 25,029 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $102.50, for a total value of $2,565,472.50. Following the transaction, the insider owned 55,354 shares of the company’s stock, valued at $5,673,785. This represents a 31.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 115,485 shares of company stock valued at $12,034,058 in the last 90 days. 1.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TPR has been the topic of a number of recent research reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Tapestry in a report on Wednesday, December 17th. Evercore ISI upped their price target on shares of Tapestry from $125.00 to $129.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Tapestry in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of Tapestry from $147.00 to $148.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Finally, Barclays upped their target price on shares of Tapestry from $111.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, September 11th. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $122.00.

Tapestry Price Performance

TPR stock opened at $131.23 on Friday. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.93 and a current ratio of 1.52. The company’s fifty day moving average price is $113.43 and its 200-day moving average price is $106.56. Tapestry, Inc. has a one year low of $58.39 and a one year high of $131.40. The company has a market capitalization of $26.86 billion, a PE ratio of 117.17, a price-to-earnings-growth ratio of 2.70 and a beta of 1.65.

Tapestry (NYSE:TPR) last announced its quarterly earnings results 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. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.63 billion. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. Tapestry’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. On average, equities analysts anticipate that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry declared that its board has approved a stock buyback plan on Thursday, November 6th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the luxury accessories retailer to reacquire up to 4.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Tapestry Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 5th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, December 5th. Tapestry’s payout ratio is currently 142.86%.

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.