10,417 Shares in Tapestry, Inc. $TPR Purchased by Two Sigma Securities LLC

Key Points

• Two Sigma Securities purchased 10,417 Tapestry shares worth approximately $1.525 million, while institutional investors collectively own 90.77% of the company.
• Tapestry exceeded quarterly expectations with adjusted EPS of $1.32 versus a $1.28 consensus and revenue of $1.88 billion; analysts maintain a “Moderate Buy” consensus with an average price target of $175.12.
• The company raised its quarterly dividend to $0.4625 per share, or $1.85 annually, representing a 1.5% yield; shares recently opened at $125.75.

Two Sigma Securities LLC bought a new position in Tapestry, Inc. (NYSE:TPR - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,417 shares of the luxury accessories retailer's stock, valued at approximately $1,525,000.

A number of other large investors have also recently modified their holdings of the business. Cetera Trust Company N.A purchased a new position in shares of Tapestry during the second quarter worth about $26,000. Acumen Wealth Advisors LLC purchased a new stake in Tapestry in the fourth quarter valued at approximately $28,000. Triumph Capital Management bought a new stake in Tapestry during the third quarter valued at approximately $29,000. Keating Financial Advisory Services Inc. bought a new stake in Tapestry during the second quarter valued at approximately $31,000. Finally, Virtus Advisers LLC bought a new stake in Tapestry during the second quarter valued at approximately $32,000. Institutional investors own 90.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TPR. Barclays increased their price target on shares of Tapestry from $182.00 to $185.00 and gave the stock an "overweight" rating in a report on Friday, August 14th. Telsey Advisory Group lifted their price objective on shares of Tapestry from $160.00 to $175.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $185.00 target price (up from $180.00) on shares of Tapestry in a research report on Friday, August 14th. JPMorgan Chase & Co. increased their target price on Tapestry from $205.00 to $211.00 and gave the company an "overweight" rating in a research note on Tuesday, August 4th. Finally, BTIG Research lowered their price target on Tapestry from $180.00 to $175.00 and set a "buy" rating on the stock in a research report on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $175.12.

Tapestry Stock Up 0.2%

Shares of NYSE TPR opened at $125.75 on Monday. Tapestry, Inc. has a one year low of $93.00 and a one year high of $164.80. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.75 and a quick ratio of 1.25. The firm's 50 day simple moving average is $143.26 and its two-hundred day simple moving average is $144.41. The stock has a market capitalization of $25.07 billion, a P/E ratio of 17.25, a PEG ratio of 1.59 and a beta of 1.43.

Tapestry (NYSE:TPR - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The luxury accessories retailer reported $1.32 EPS for the quarter, topping the consensus estimate of $1.28 by $0.04. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.87 billion. Tapestry had a net margin of 19.09% and a return on equity of 254.95%. The business's revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $1.04 earnings per share. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. As a group, analysts expect that Tapestry, Inc. will post 7.94 EPS for the current fiscal year.

Tapestry Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Friday, September 4th will be given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, September 4th. This is a boost from Tapestry's previous quarterly dividend of $0.40. Tapestry's dividend payout ratio is 21.95%.

Insider Buying and Selling

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,761 shares of the business's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $132.47, for a total value of $3,677,499.67. Following the completion of the sale, the chief executive officer directly owned 666,149 shares of the company's stock, valued at $88,244,758.03. The trade was a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is currently owned by insiders.

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.

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