Fuller & Thaler Asset Management Inc. Purchases New Stake in Tapestry, Inc. $TPR

Key Points

• Fuller & Thaler Asset Management Inc. acquired 4,418 shares in Tapestry, Inc. for approximately $311,000, indicating growing institutional interest in the luxury retailer.
• Tapestry's stock performance includes a recent earnings report showing $1.04 EPS for the quarter, which beat estimates and marked an 8.3% revenue increase year-over-year.
• The company has declared an increase in its quarterly dividend to $0.40, with a projected annualized yield of 1.6%, signaling strong financial health.

Fuller & Thaler Asset Management Inc. bought a new position in Tapestry, Inc. (NYSE:TPR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,418 shares of the luxury accessories retailer's stock, valued at approximately $311,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. acquired a new stake in Tapestry in the 1st quarter worth approximately $1,708,000. Curat Global LLC acquired a new position in shares of Tapestry during the first quarter worth approximately $382,000. Nisa Investment Advisors LLC lifted its holdings in shares of Tapestry by 16.7% during the first quarter. Nisa Investment Advisors LLC now owns 63,342 shares of the luxury accessories retailer's stock worth $4,460,000 after buying an additional 9,049 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Tapestry by 689.0% during the first quarter. Allworth Financial LP now owns 13,374 shares of the luxury accessories retailer's stock worth $913,000 after buying an additional 11,679 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new position in shares of Tapestry during the first quarter worth approximately $1,476,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Tapestry Price Performance

NYSE:TPR traded down $1.0490 during trading hours on Monday, reaching $98.6110. The company had a trading volume of 3,579,318 shares, compared to its average volume of 4,920,450. The stock has a 50-day moving average of $98.72 and a two-hundred day moving average of $83.62. Tapestry, Inc. has a one year low of $39.40 and a one year high of $114.05. The firm has a market capitalization of $20.52 billion, a PE ratio of 156.53, a PEG ratio of 2.51 and a beta of 1.51. The company has a quick ratio of 1.31, a current ratio of 1.87 and a debt-to-equity ratio of 2.77.

Tapestry (NYSE:TPR - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The luxury accessories retailer reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.02. Tapestry had a return on equity of 68.02% and a net margin of 2.61%.The firm had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The business's revenue was up 8.3% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS. Analysts forecast that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 22nd. Stockholders of record on Friday, September 5th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, September 5th. This is a boost from Tapestry's previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 1.6%. Tapestry's dividend payout ratio (DPR) is currently 253.97%.

Analyst Ratings Changes

A number of brokerages have recently commented on TPR. UBS Group cut their price target on Tapestry from $112.00 to $105.00 and set a "neutral" rating for the company in a report on Friday, August 15th. TD Cowen upgraded Tapestry from a "hold" rating to a "buy" rating and set a $100.00 price target for the company in a report on Thursday, June 12th. Barclays reiterated an "overweight" rating and set a $105.00 price target (up from $98.00) on shares of Tapestry in a report on Friday, July 11th. Argus upped their target price on Tapestry from $78.00 to $92.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Finally, JPMorgan Chase & Co. upped their target price on Tapestry from $104.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $105.47.

Tapestry Profile

Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's handbags; and women's accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.