Cwm LLC Acquires 21,141 Shares of Tapestry, Inc. $TPR

Key Points

• Cwm LLC increased its holdings in Tapestry, Inc. by 20.9% in the second quarter, now owning 122,059 shares valued at approximately $10.7 million.
• Tapestry recently declared a quarterly dividend of $0.40 per share, an increase from the previous $0.35, representing an annualized yield of 1.4%.
• Analysts have set new price targets for Tapestry, with Goldman Sachs raising their price target from $116 to $130, while maintaining a "buy" rating.

Cwm LLC boosted its holdings in shares of Tapestry, Inc. (NYSE:TPR - Free Report) by 20.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 122,059 shares of the luxury accessories retailer's stock after acquiring an additional 21,141 shares during the quarter. Cwm LLC owned approximately 0.06% of Tapestry worth $10,718,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. 1858 Wealth Management LLC raised its position in Tapestry by 2.5% during the second quarter. 1858 Wealth Management LLC now owns 3,835 shares of the luxury accessories retailer's stock valued at $337,000 after acquiring an additional 95 shares in the last quarter. Private Trust Co. NA raised its position in shares of Tapestry by 27.2% in the first quarter. Private Trust Co. NA now owns 715 shares of the luxury accessories retailer's stock valued at $50,000 after purchasing an additional 153 shares during the period. Mather Group LLC. raised its position in shares of Tapestry by 2.8% in the first quarter. Mather Group LLC. now owns 6,018 shares of the luxury accessories retailer's stock valued at $424,000 after purchasing an additional 165 shares during the period. Harbour Investments Inc. raised its position in shares of Tapestry by 120.1% in the first 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. Finally, MAI Capital Management raised its position in shares of Tapestry by 51.7% in the first quarter. MAI Capital Management now owns 593 shares of the luxury accessories retailer's stock valued at $42,000 after purchasing an additional 202 shares during the period. Institutional investors own 90.77% of the company's stock.

Insiders Place Their Bets

In other Tapestry news, Director Alan Ka Ming Lau sold 11,320 shares of Tapestry stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $106.19, for a total transaction of $1,202,070.80. Following the sale, the director owned 8,153 shares in the company, valued at $865,767.07. The trade was a 58.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Manesh Dadlani sold 7,882 shares of Tapestry stock in a transaction on Monday, August 25th. The stock was sold at an average price of $99.05, for a total transaction of $780,712.10. Following the sale, the vice president owned 21,098 shares in the company, valued at $2,089,756.90. This represents a 27.20% decrease in their position. The disclosure for this sale can be found here. 1.32% of the stock is owned by insiders.

Tapestry Trading Up 2.0%

Shares of Tapestry stock opened at $116.31 on Wednesday. The company's fifty day simple moving average is $107.81 and its 200-day simple moving average is $91.32. The company has a market cap of $24.08 billion, a price-to-earnings ratio of 184.61, a PEG ratio of 2.75 and a beta of 1.57. The company has a current ratio of 1.87, a quick ratio of 1.31 and a debt-to-equity ratio of 2.77. Tapestry, Inc. has a 1 year low of $43.07 and a 1 year high of $117.77.

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

Tapestry Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, September 5th were paid a dividend of $0.40 per share. This is an increase from Tapestry's previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, September 5th. Tapestry's dividend payout ratio is presently 253.97%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TPR shares. Sanford C. Bernstein reissued an "outperform" rating and issued a $112.00 price target on shares of Tapestry in a research report on Friday, August 15th. Argus lifted their price target on shares of Tapestry from $78.00 to $92.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Raymond James Financial reissued an "outperform" rating and issued a $115.00 price target (up previously from $85.00) on shares of Tapestry in a research report on Tuesday, July 22nd. The Goldman Sachs Group lifted their price target on shares of Tapestry from $116.00 to $130.00 and gave the company a "buy" rating in a research report on Monday, October 6th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $125.00 price target on shares of Tapestry in a research report on Thursday, September 11th. Eighteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $110.00.

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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