Azzad Asset Management Inc. ADV Acquires New Holdings in Tapestry, Inc. $TPR

Azzad Asset Management Inc. ADV bought a new position in Tapestry, Inc. (NYSE:TPR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,861 shares of the luxury accessories retailer’s stock, valued at approximately $664,000.

Several other hedge funds also recently modified their holdings of TPR. Cloud Capital Management LLC bought a new stake in Tapestry in the third quarter worth $26,000. Vestor Capital LLC bought a new stake in shares of Tapestry during the 2nd quarter worth about $27,000. CVA Family Office LLC increased its holdings in shares of Tapestry by 224.8% during the 2nd quarter. CVA Family Office LLC now owns 380 shares of the luxury accessories retailer’s stock valued at $33,000 after acquiring an additional 263 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Tapestry in the 2nd quarter valued at approximately $37,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Tapestry in the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insiders Place Their Bets

In other Tapestry news, insider David E. Howard sold 25,029 shares of the business’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 completion of the sale, the insider directly owned 55,354 shares of the company’s stock, valued at approximately $5,673,785. The trade was a 31.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 transaction of $67,144.11. Following the sale, the insider directly owned 19,285 shares of the company’s stock, valued at approximately $2,221,053.45. This trade 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 valued at $12,034,058 over the last 90 days. Corporate insiders own 1.32% of the company’s stock.

Tapestry Stock Up 1.7%

Shares of NYSE TPR opened at $154.61 on Tuesday. Tapestry, Inc. has a 52-week low of $58.39 and a 52-week high of $155.23. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63. The business has a fifty day moving average of $128.27 and a two-hundred day moving average of $115.33. The stock has a market cap of $31.30 billion, a PE ratio of 63.89, a PEG ratio of 2.28 and a beta of 1.63.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.49. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the previous year, the company posted $2.00 earnings per share. Tapestry’s quarterly revenue was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 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 authorized a stock buyback program on Thursday, November 6th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the luxury accessories retailer to purchase up to 4.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Tapestry Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s dividend payout ratio is 66.12%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TPR. Argus upgraded shares of Tapestry to a “strong-buy” rating in a research note on Friday, January 16th. JPMorgan Chase & Co. upped their price target on shares of Tapestry from $147.00 to $148.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Weiss Ratings restated a “hold (c)” rating on shares of Tapestry in a research note on Wednesday, January 21st. Jefferies Financial Group lowered shares of Tapestry from a “buy” rating to a “hold” rating and dropped their target price for the stock from $142.00 to $138.00 in a research report on Wednesday, January 14th. Finally, Guggenheim started coverage on shares of Tapestry in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $143.33.

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.