Jefferies Financial Group Inc. Makes New $14.24 Million Investment in Tapestry, Inc. $TPR

Key Points

• Jefferies acquired a new stake of 125,795 shares in Tapestry valued at about $14.24 million, representing roughly 0.06% ownership per its latest 13F filing.
• Corporate insiders sold heavily last quarter—164,956 shares worth about $25.3 million—including CEO and CFO sales that each cut their holdings by roughly 24%.
• Tapestry beat expectations for the quarter (EPS $2.69 vs. $2.20 expected; revenue $2.50B vs. $2.29B) and issued FY2026 EPS guidance of 6.40–6.45, while analysts maintain a consensus "Moderate Buy" and an average price target of $147.

Jefferies Financial Group Inc. acquired a new stake in shares of Tapestry, Inc. (NYSE:TPR - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 125,795 shares of the luxury accessories retailer's stock, valued at approximately $14,243,000. Jefferies Financial Group Inc. owned approximately 0.06% of Tapestry as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Essex Financial Services Inc. grew its position in Tapestry by 3.5% in the 3rd quarter. Essex Financial Services Inc. now owns 3,324 shares of the luxury accessories retailer's stock valued at $376,000 after purchasing an additional 113 shares during the period. Blue Trust Inc. increased its stake in Tapestry by 19.7% during the 3rd quarter. Blue Trust Inc. now owns 741 shares of the luxury accessories retailer's stock valued at $84,000 after purchasing an additional 122 shares in the last quarter. Wedmont Private Capital raised its holdings in Tapestry by 3.3% during the third quarter. Wedmont Private Capital now owns 4,352 shares of the luxury accessories retailer's stock worth $502,000 after buying an additional 139 shares during the last quarter. 44 Wealth Management LLC raised its holdings in Tapestry by 0.8% during the second quarter. 44 Wealth Management LLC now owns 19,018 shares of the luxury accessories retailer's stock worth $1,670,000 after buying an additional 142 shares during the last quarter. Finally, Whittier Trust Co. lifted its stake in shares of Tapestry by 53.2% in the third quarter. Whittier Trust Co. now owns 478 shares of the luxury accessories retailer's stock valued at $55,000 after buying an additional 166 shares in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TPR has been the subject of a number of analyst reports. UBS Group reiterated a "neutral" rating and set a $141.00 price objective on shares of Tapestry in a report on Monday, February 9th. JPMorgan Chase & Co. raised their price target on shares of Tapestry from $147.00 to $148.00 and gave the company an "overweight" rating in a research report on Monday, November 17th. TD Cowen reiterated a "buy" rating on shares of Tapestry in a research note on Tuesday, February 10th. Evercore boosted their price objective on Tapestry from $129.00 to $150.00 and gave the stock an "outperform" rating in a report on Tuesday, February 3rd. Finally, Wells Fargo & Company increased their price objective on Tapestry from $142.00 to $165.00 and gave the stock an "overweight" rating in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $147.00.

Insider Buying and Selling

In related news, CFO Scott A. Roe sold 44,290 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $152.62, for a total transaction 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 approximately $21,233,715.36. This trade represents a 24.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Todd Kahn sold 39,815 shares of Tapestry stock in a transaction on Monday, February 9th. The stock was sold at an average price of $151.34, for a total value of $6,025,602.10. Following the sale, the chief executive officer owned 120,578 shares in the company, valued at $18,248,274.52. This trade represents a 24.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 164,956 shares of company stock valued at $25,297,262 over the last quarter. Corporate insiders own 1.32% of the company's stock.

Tapestry Stock Performance

Shares of TPR stock opened at $144.10 on Monday. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. The firm has a 50-day moving average of $140.38 and a 200-day moving average of $121.66. Tapestry, Inc. has a one year low of $58.39 and a one year high of $161.97. The company has a market cap of $29.17 billion, a P/E ratio of 59.55, a P/E/G ratio of 1.73 and a beta of 1.55.

Tapestry (NYSE:TPR - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.49. The business had revenue of $2.50 billion for 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 firm's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Equities research analysts forecast that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry Dividend Announcement

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

Tapestry 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.

Want to see what other hedge funds are holding TPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tapestry, Inc. (NYSE:TPR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.