Delphi Management Inc. MA Reduces Holdings in Tapestry, Inc. $TPR

Delphi Management Inc. MA decreased its position in shares of Tapestry, Inc. (NYSE:TPR) by 35.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,484 shares of the luxury accessories retailer’s stock after selling 4,620 shares during the quarter. Tapestry makes up 1.4% of Delphi Management Inc. MA’s investment portfolio, making the stock its 25th largest position. Delphi Management Inc. MA’s holdings in Tapestry were worth $1,197,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TPR. Fisher Asset Management LLC lifted its position in Tapestry by 21.7% during the third quarter. Fisher Asset Management LLC now owns 608,266 shares of the luxury accessories retailer’s stock valued at $68,868,000 after purchasing an additional 108,278 shares during the last quarter. DNB Asset Management AS increased its holdings in shares of Tapestry by 1,331.4% in the 3rd quarter. DNB Asset Management AS now owns 39,478 shares of the luxury accessories retailer’s stock worth $4,470,000 after buying an additional 36,720 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Tapestry by 23.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 217,408 shares of the luxury accessories retailer’s stock valued at $24,615,000 after buying an additional 41,556 shares in the last quarter. Advisory Research Inc. raised its position in shares of Tapestry by 30.1% during the 3rd quarter. Advisory Research Inc. now owns 228,107 shares of the luxury accessories retailer’s stock valued at $25,826,000 after buying an additional 52,747 shares in the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of Tapestry by 14.1% during the 3rd quarter. TD Asset Management Inc now owns 103,480 shares of the luxury accessories retailer’s stock worth $11,716,000 after acquiring an additional 12,825 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Insider Transactions at Tapestry

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total value of $3,691,152.64. Following the transaction, the chief executive officer directly owned 652,434 shares of the company’s stock, valued at $86,701,954.26. The trade was a 4.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total value of $2,738,371.14. Following the completion of the sale, the chief executive officer owned 123,258 shares of the company’s stock, valued at $17,258,585.16. The trade was a 13.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.32% of the company’s stock.

Tapestry Price Performance

TPR stock opened at $149.51 on Thursday. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.27 and a current ratio of 1.84. Tapestry, Inc. has a 52 week low of $84.12 and a 52 week high of $161.97. The firm’s fifty day moving average is $142.53 and its 200 day moving average is $139.92. The firm has a market cap of $30.21 billion, a P/E ratio of 47.92, a P/E/G ratio of 1.53 and a beta of 1.42.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.36. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Research analysts predict that Tapestry, Inc. will post 6.95 earnings per share for the current year.

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, June 5th. Tapestry’s payout ratio is 51.28%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Evercore set a $175.00 target price on shares of Tapestry in a research report on Friday, May 8th. UBS Group raised their price target on Tapestry from $187.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday. BTIG Research reaffirmed a “buy” rating and set a $180.00 price target on shares of Tapestry in a research note on Wednesday, June 10th. Argus set a $165.00 price objective on Tapestry in a report on Thursday, March 12th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $165.00 price objective on shares of Tapestry in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Tapestry currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.65.

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.