Tapestry, Inc. $TPR Shares Sold by Valley National Advisers Inc.

Valley National Advisers Inc. cut its stake in Tapestry, Inc. (NYSE:TPR) by 96.6% in the third quarter, HoldingsChannel reports. The fund owned 1,456 shares of the luxury accessories retailer’s stock after selling 41,010 shares during the period. Valley National Advisers Inc.’s holdings in Tapestry were worth $164,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at Tapestry

In other Tapestry news, insider David E. Howard sold 25,029 shares of the stock in a transaction dated 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 completion of the sale, the insider owned 55,354 shares in the company, valued at approximately $5,673,785. This represents a 31.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Denise Kulikowsky sold 583 shares of the business’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 transaction, the insider owned 19,285 shares in the company, valued at approximately $2,221,053.45. This represents a 2.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 115,485 shares of company stock worth $12,034,058 in the last 90 days. 1.32% of the stock is owned by insiders.

Tapestry Stock Performance

Shares of NYSE:TPR opened at $131.23 on Monday. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.52 and a quick ratio of 0.93. Tapestry, Inc. has a 1 year low of $58.39 and a 1 year high of $131.40. The firm has a market capitalization of $26.86 billion, a PE ratio of 117.17, a P/E/G ratio of 2.70 and a beta of 1.65. The business’s 50 day moving average price is $113.43 and its 200-day moving average price is $106.73.

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

Tapestry declared that its board has approved a stock repurchase program on Thursday, November 6th that authorizes the company to buyback $1.00 billion in outstanding 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 often an indication that the company’s leadership believes its shares are undervalued.

Tapestry Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Investors 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 yield of 1.2%. Tapestry’s payout ratio is presently 142.86%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TPR shares. Weiss Ratings restated a “hold (c)” rating on shares of Tapestry in a research report on Wednesday, October 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 price objective on shares of Tapestry in a report on Wednesday, December 17th. Sanford C. Bernstein upped their target price on Tapestry from $112.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Wall Street Zen cut shares of Tapestry from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Finally, Raymond James Financial upped their price objective on shares of Tapestry from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $122.00.

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.