Sowell Financial Services LLC Has $2.53 Million Stock Position in Tapestry, Inc. $TPR

Sowell Financial Services LLC lifted its holdings in Tapestry, Inc. (NYSE:TPR) by 21.4% in the 3rd quarter, Holdings Channel reports. The firm owned 22,362 shares of the luxury accessories retailer’s stock after buying an additional 3,940 shares during the quarter. Sowell Financial Services LLC’s holdings in Tapestry were worth $2,532,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Tapestry by 2.4% during the second quarter. Vanguard Group Inc. now owns 25,902,930 shares of the luxury accessories retailer’s stock valued at $2,274,536,000 after buying an additional 606,686 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Tapestry by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 5,500,858 shares of the luxury accessories retailer’s stock valued at $482,125,000 after acquiring an additional 158,782 shares during the last quarter. SRS Investment Management LLC increased its holdings in shares of Tapestry by 12.4% during the 2nd quarter. SRS Investment Management LLC now owns 5,332,824 shares of the luxury accessories retailer’s stock valued at $468,275,000 after acquiring an additional 589,000 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Tapestry by 1,661.6% in the 2nd quarter. Schroder Investment Management Group now owns 4,002,818 shares of the luxury accessories retailer’s stock valued at $351,487,000 after acquiring an additional 3,775,593 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Tapestry by 36.0% during the second quarter. AQR Capital Management LLC now owns 3,546,969 shares of the luxury accessories retailer’s stock worth $311,388,000 after purchasing an additional 939,227 shares during the period. 90.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TPR has been the topic of a number of recent analyst reports. Evercore ISI lifted their price target on shares of Tapestry from $125.00 to $129.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Raymond James Financial lifted their target price on shares of Tapestry from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Robert W. Baird set a $140.00 price target on shares of Tapestry in a report on Wednesday, December 17th. Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 price objective on shares of Tapestry in a research note on Wednesday, December 17th. Finally, Wall Street Zen cut Tapestry from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Tapestry presently has a consensus rating of “Moderate Buy” and an average target price of $122.00.

Tapestry Stock Up 0.8%

Shares of TPR opened at $131.23 on Monday. The company has a 50-day simple moving average of $113.43 and a 200-day simple moving average of $106.73. The firm 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 quick ratio of 0.93 and a current ratio of 1.52. Tapestry, Inc. has a 52 week low of $58.39 and a 52 week high of $131.40.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.13. Tapestry had a return on equity of 116.42% and a net margin of 3.77%.The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the business earned $0.84 earnings per share. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. On average, equities research analysts expect that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Announces Dividend

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

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

Insiders Place Their Bets

In other Tapestry news, CEO Todd Kahn sold 29,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $102.83, for a total value of $2,982,070.00. Following the sale, the chief executive officer owned 86,736 shares of the company’s stock, valued at $8,919,062.88. The trade was a 25.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David E. Howard sold 25,029 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $102.50, for a total transaction of $2,565,472.50. Following the transaction, the insider directly owned 55,354 shares of the company’s stock, valued at $5,673,785. The trade was a 31.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 115,485 shares of company stock valued at $12,034,058 in the last ninety days. 1.32% of the stock is currently owned by insiders.

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.