Financiere des Professionnels Fonds d investissement inc. Makes New $680,000 Investment in Tapestry, Inc. $TPR

Key Points

• Financiere des Professionnels Fonds d investissement inc. has made a significant investment of $680,000 in Tapestry, Inc., acquiring 7,747 shares of the luxury accessories retailer.
• Several institutional investors have increased their stakes in Tapestry, with notable increases including a 140.6% growth by WT Asset Management and a staggering 8,158.1% increase by GAMMA Investing LLC.
• Analysts have a consensus rating of "Moderate Buy" for Tapestry, with J.P. Morgan raising its price target to $142.00, reflecting strong confidence in the company's performance.

Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Tapestry, Inc. (NYSE:TPR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,747 shares of the luxury accessories retailer's stock, valued at approximately $680,000.

A number of other large investors also recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in Tapestry by 47.4% during the 1st quarter. AQR Capital Management LLC now owns 2,607,742 shares of the luxury accessories retailer's stock worth $177,405,000 after buying an additional 838,057 shares during the last quarter. Southpoint Capital Advisors LP lifted its holdings in Tapestry by 25.0% during the 1st quarter. Southpoint Capital Advisors LP now owns 2,500,000 shares of the luxury accessories retailer's stock worth $176,025,000 after buying an additional 500,000 shares during the last quarter. Samlyn Capital LLC lifted its holdings in Tapestry by 50.2% during the 1st quarter. Samlyn Capital LLC now owns 1,972,241 shares of the luxury accessories retailer's stock worth $138,865,000 after buying an additional 658,889 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Tapestry by 21.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,651,892 shares of the luxury accessories retailer's stock worth $116,310,000 after buying an additional 288,219 shares during the last quarter. Finally, WT Asset Management Ltd lifted its holdings in Tapestry by 140.6% during the 1st quarter. WT Asset Management Ltd now owns 1,574,634 shares of the luxury accessories retailer's stock worth $110,870,000 after buying an additional 920,087 shares during the last quarter. Institutional investors own 90.77% of the company's stock.

Insider Transactions at Tapestry

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

Analyst Ratings Changes

TPR has been the topic of a number of research reports. Wells Fargo & Company increased their price target on Tapestry from $100.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. UBS Group cut their price target on Tapestry from $112.00 to $105.00 and set a "neutral" rating on the stock in a report on Friday, August 15th. Barclays raised their price target on Tapestry from $111.00 to $127.00 and gave the stock an "overweight" rating in a report on Thursday, September 11th. Argus raised their price target on Tapestry from $78.00 to $92.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Finally, Evercore ISI cut their price target on Tapestry from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Friday, August 15th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $106.47.

Tapestry Stock Up 0.8%

Shares of Tapestry stock traded up $0.95 during midday trading on Friday, hitting $114.25. The company's stock had a trading volume of 5,658,328 shares, compared to its average volume of 3,797,537. The firm has a market capitalization of $23.78 billion, a P/E ratio of 181.35, a PEG ratio of 2.75 and a beta of 1.52. The stock has a 50-day simple moving average of $105.48 and a 200-day simple moving average of $86.51. 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, Inc. has a 1-year low of $42.06 and a 1-year high of $115.35.

Tapestry (NYSE:TPR - Get Free Report) last issued its earnings results on Thursday, August 14th. The luxury accessories retailer reported $1.04 EPS for the quarter, topping the consensus estimate of $1.02 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.67 billion. Tapestry had a return on equity of 68.02% and a net margin of 2.61%.Tapestry's revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm 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 earnings per share for the current year.

Tapestry Increases Dividend

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

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.