Sivia Capital Partners LLC Invests $602,000 in Tapestry, Inc. $TPR

Key Points

• Sivia Capital Partners LLC invested approximately $602,000 in Tapestry, Inc. by acquiring 6,860 shares in the second quarter.
• Recent insider trading shows VP Manesh Dadlani and Director Alan Ka Ming Lau selling substantial portions of their shares, indicating a 27.20% and 58.13% decrease in their positions, respectively.
• Tapestry has increased its quarterly dividend from $0.35 to $0.40, reflecting a commitment to shareholder returns amid a 1.5% dividend yield.

Sivia Capital Partners LLC purchased a new position in shares of Tapestry, Inc. (NYSE:TPR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 6,860 shares of the luxury accessories retailer's stock, valued at approximately $602,000.

A number of other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Tapestry by 8.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 65,513 shares of the luxury accessories retailer's stock worth $4,280,000 after buying an additional 5,251 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in Tapestry by 14.3% during the 4th quarter. Rafferty Asset Management LLC now owns 21,667 shares of the luxury accessories retailer's stock worth $1,416,000 after acquiring an additional 2,713 shares during the period. Silvercrest Asset Management Group LLC bought a new position in shares of Tapestry in the 4th quarter worth about $245,000. Twinbeech Capital LP lifted its stake in shares of Tapestry by 204.8% in the 4th quarter. Twinbeech Capital LP now owns 122,674 shares of the luxury accessories retailer's stock valued at $8,014,000 after purchasing an additional 82,432 shares during the period. Finally, Vident Advisory LLC boosted its position in shares of Tapestry by 7.4% during the 4th quarter. Vident Advisory LLC now owns 57,878 shares of the luxury accessories retailer's stock valued at $3,781,000 after purchasing an additional 3,963 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

Tapestry Stock Performance

NYSE:TPR traded up $0.95 during trading on Friday, reaching $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 cap of $23.78 billion, a price-to-earnings ratio of 181.35, a price-to-earnings-growth ratio of 2.75 and a beta of 1.52. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.31 and a current ratio of 1.87. The firm has a 50 day moving average of $105.48 and a 200-day moving average of $86.51. Tapestry, Inc. has a 12 month low of $42.06 and a 12 month high of $115.35.

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, beating analysts' consensus estimates of $1.02 by $0.02. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.67 billion. Tapestry had a return on equity of 68.02% and a net margin of 2.61%.The business's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS. 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. Shareholders of record on Friday, September 5th will be paid a $0.40 dividend. This is a boost from Tapestry's previous quarterly dividend of $0.35. The ex-dividend date is Friday, September 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. Tapestry's dividend payout ratio is currently 253.97%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TPR shares. Wall Street Zen upgraded Tapestry from a "buy" rating to a "strong-buy" rating in a report on Sunday, September 14th. Morgan Stanley reiterated an "overweight" rating on shares of Tapestry in a research note on Thursday, September 11th. Evercore ISI cut their target price on shares of Tapestry from $130.00 to $125.00 and set an "outperform" rating on the stock in a research note on Friday, August 15th. Raymond James Financial restated an "outperform" rating and issued a $115.00 price target (up from $85.00) on shares of Tapestry in a report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Tapestry from $139.00 to $142.00 and gave the company an "overweight" rating in a report on Thursday, September 11th. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $106.47.

Insiders Place Their Bets

In other Tapestry news, VP Manesh Dadlani sold 7,882 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $99.05, for a total value of $780,712.10. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Ka Ming Lau sold 11,320 shares of the company's stock in a transaction on 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 transaction, the director directly owned 8,153 shares in the company, valued at $865,767.07. This represents a 58.13% decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

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.