Caitlin John LLC Purchases New Shares in Tapestry, Inc. $TPR

Key Points

• Caitlin John LLC acquired 15,142 shares of Tapestry, Inc. for approximately $1.33 million, making it the fund's 28th largest position.
• Tapestry recently reported $1.04 EPS, surpassing analysts' expectations, with a revenue of $1.72 billion, indicating an 8.3% year-over-year increase.
• The company is set to increase its quarterly dividend from $0.35 to $0.40 per share, signaling positive financial health despite a high dividend payout ratio of 253.97%.

Caitlin John LLC purchased a new stake in Tapestry, Inc. (NYSE:TPR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,142 shares of the luxury accessories retailer's stock, valued at approximately $1,330,000. Tapestry accounts for approximately 1.2% of Caitlin John LLC's investment portfolio, making the stock its 28th biggest position.

Several other institutional investors have also added to or reduced their stakes in TPR. Harbour Investments Inc. boosted its stake in Tapestry by 120.1% in the 1st quarter. Harbour Investments Inc. now owns 361 shares of the luxury accessories retailer's stock valued at $25,000 after purchasing an additional 197 shares during the period. Flaharty Asset Management LLC bought a new stake in shares of Tapestry during the 1st quarter valued at $25,000. First PREMIER Bank bought a new stake in shares of Tapestry during the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Tapestry during the 1st quarter valued at $29,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Tapestry during the 1st quarter valued at $35,000. 90.77% of the stock is currently owned by institutional investors.

Tapestry Price Performance

NYSE:TPR opened at $114.25 on Monday. The firm has a market capitalization of $23.78 billion, a price-to-earnings ratio of 181.35, a P/E/G ratio of 2.75 and a beta of 1.52. Tapestry, Inc. has a 52-week low of $42.06 and a 52-week high of $115.35. The stock has a fifty day moving average of $105.48 and a 200 day moving average of $86.57. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.31 and a current ratio of 1.87.

Tapestry (NYSE:TPR - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The luxury accessories retailer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.02. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.67 billion. Tapestry had a return on equity of 68.02% and a net margin of 2.61%.The firm's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company earned $0.92 earnings per share. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS. On average, research analysts expect that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, September 5th will be paid a dividend of $0.40 per share. This is a positive change from Tapestry's previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, September 5th. Tapestry's dividend payout ratio is 253.97%.

Insider Buying and Selling at Tapestry

In other Tapestry news, Director Alan Ka Ming Lau sold 11,320 shares of Tapestry stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $106.19, for a total transaction of $1,202,070.80. Following the completion of the sale, the director owned 8,153 shares of the company's stock, valued at $865,767.07. The trade was a 58.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Manesh Dadlani sold 7,882 shares of Tapestry stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $99.05, for a total value of $780,712.10. Following the sale, the vice president directly owned 21,098 shares of the company's stock, valued at approximately $2,089,756.90. This trade represents a 27.20% decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Raymond James Financial reissued an "outperform" rating and set a $115.00 price target (up previously from $85.00) on shares of Tapestry in a report on Tuesday, July 22nd. Argus upped their target price on Tapestry from $78.00 to $92.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. JPMorgan Chase & Co. upped their target price on Tapestry from $139.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, September 11th. Telsey Advisory Group restated an "outperform" rating and set a $125.00 target price on shares of Tapestry in a research report on Thursday, September 11th. Finally, Wall Street Zen lowered Tapestry from a "strong-buy" rating to a "buy" rating in a research report on Monday. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Tapestry has an average rating of "Moderate Buy" and an average price target of $106.47.

Tapestry Company 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.

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