Anson Funds Management LP Acquires 35,000 Shares of Tapestry, Inc. $TPR

Key Points

• Anson Funds Management LP boosted its Tapestry stake by 350% in Q3, buying 35,000 shares to hold 45,000 shares valued at $5,095,000, while institutional investors own 90.77% of the company.
• Insiders have been net sellers recently — the CFO and CEO sold sizable stakes (44,290 and 48,795 shares respectively) and insiders sold 164,956 shares worth about $25.3 million in the last three months, leaving insiders with 1.32% ownership.
• Tapestry posted strong quarterly results (EPS $2.69 vs. $2.20 expected; revenue $2.50B vs. $2.29B expected), set FY2026 EPS guidance of 6.400–6.450, declared a $0.40 quarterly dividend (1.1% yield), and has a consensus analyst rating of Moderate Buy with a $151.06 price target.

Anson Funds Management LP raised its stake in Tapestry, Inc. (NYSE:TPR - Free Report) by 350.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,000 shares of the luxury accessories retailer's stock after buying an additional 35,000 shares during the quarter. Anson Funds Management LP's holdings in Tapestry were worth $5,095,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cloud Capital Management LLC acquired a new stake in shares of Tapestry during the third quarter worth $26,000. Vestor Capital LLC acquired a new position in Tapestry in the 2nd quarter worth $27,000. Johnson Financial Group Inc. acquired a new position in Tapestry in the 2nd quarter worth $39,000. Elevation Point Wealth Partners LLC bought a new position in Tapestry during the 2nd quarter worth about $45,000. Finally, CYBER HORNET ETFs LLC bought a new position in Tapestry during the 2nd quarter worth about $52,000. Institutional investors and hedge funds own 90.77% of the company's stock.

Insider Buying and Selling at Tapestry

In other news, CFO Scott A. Roe sold 44,290 shares of the firm's stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $152.62, for a total value of $6,759,539.80. Following the completion of the sale, the chief financial officer directly owned 139,128 shares of the company's stock, valued at $21,233,715.36. This trade represents a 24.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of Tapestry stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total value of $7,556,881.65. Following the transaction, the chief executive officer owned 671,193 shares of the company's stock, valued at $103,947,659.91. This represents a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 164,956 shares of company stock valued at $25,297,262 in the last three months. Corporate insiders own 1.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TPR. Weiss Ratings restated a "hold (c)" rating on shares of Tapestry in a report on Wednesday, January 21st. Wells Fargo & Company increased their price objective on Tapestry from $142.00 to $165.00 and gave the stock an "overweight" rating in a report on Friday, February 6th. Evercore lifted their target price on Tapestry from $129.00 to $150.00 and gave the company an "outperform" rating in a research report on Tuesday, February 3rd. Jefferies Financial Group cut Tapestry from a "buy" rating to a "hold" rating and cut their target price for the company from $142.00 to $138.00 in a research note on Wednesday, January 14th. Finally, Guggenheim started coverage on Tapestry in a research report on Tuesday, December 9th. They set a "neutral" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Tapestry has a consensus rating of "Moderate Buy" and a consensus price target of $151.06.

Tapestry Price Performance

Shares of TPR opened at $142.12 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. The company's fifty day simple moving average is $141.96 and its 200 day simple moving average is $123.09. Tapestry, Inc. has a 1-year low of $58.39 and a 1-year high of $161.97. The company has a market cap of $28.77 billion, a price-to-earnings ratio of 58.73, a PEG ratio of 1.70 and a beta of 1.55.

Tapestry (NYSE:TPR - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.49. The firm had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The company's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, research analysts forecast that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Tapestry's dividend payout ratio (DPR) is presently 66.12%.

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.

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