Generali Asset Management SPA SGR Invests $2.38 Million in Tapestry, Inc. $TPR

Generali Asset Management SPA SGR acquired a new stake in shares of Tapestry, Inc. (NYSE:TPR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 20,998 shares of the luxury accessories retailer’s stock, valued at approximately $2,377,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Tapestry by 2.4% in 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 purchasing an additional 606,686 shares during the last quarter. Geode Capital Management LLC raised its holdings in Tapestry by 3.0% in 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 buying an additional 158,782 shares during the last quarter. SRS Investment Management LLC boosted its position in 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 worth $468,275,000 after buying an additional 589,000 shares during the period. Schroder Investment Management Group grew its holdings in Tapestry by 1,661.6% during the 2nd 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 last quarter. Finally, AQR Capital Management LLC increased its position in Tapestry by 36.0% in the 2nd quarter. AQR Capital Management LLC now owns 3,546,969 shares of the luxury accessories retailer’s stock valued at $311,388,000 after acquiring an additional 939,227 shares during the period. Institutional investors own 90.77% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Todd Kahn sold 10,344 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $107.00, for a total value of $1,106,808.00. Following the completion of the sale, the chief executive officer directly owned 131,815 shares in the company, valued at $14,104,205. This trade represents a 7.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Scott A. Roe sold 18,794 shares of the company’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 directly owned 148,149 shares in the company, valued at approximately $15,533,422.65. This trade represents a 11.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 115,485 shares of company stock valued at $12,034,058. 1.32% of the stock is currently owned by corporate insiders.

Tapestry Stock Up 1.1%

Shares of Tapestry stock opened at $129.17 on Friday. The stock’s 50-day moving average is $114.77 and its 200 day moving average is $108.20. Tapestry, Inc. has a one year low of $58.39 and a one year high of $131.40. The firm has a market cap of $26.44 billion, a price-to-earnings ratio of 115.33, a PEG ratio of 2.65 and a beta of 1.63. 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 (NYSE:TPR) last issued its quarterly earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.13. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.63 billion. Tapestry had a return on equity of 116.42% and a net margin of 3.77%.The company’s revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 earnings per share. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. Equities research analysts anticipate that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry declared that its Board of Directors has authorized a share repurchase program on Thursday, November 6th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the luxury accessories retailer to purchase up to 4.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Tapestry Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on TPR shares. The Goldman Sachs Group boosted their price objective on shares of Tapestry from $116.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Guggenheim initiated coverage on Tapestry in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Jefferies Financial Group raised their price objective on Tapestry from $135.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Barclays lifted their price objective on Tapestry from $111.00 to $127.00 and gave the stock an “overweight” rating in a research note on Thursday, September 11th. Finally, Morgan Stanley increased their target price on shares of Tapestry from $124.00 to $126.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Tapestry presently has an average rating of “Moderate Buy” and a consensus 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.