Yeomans Consulting Group Inc. Buys Shares of 3,341 Tapestry, Inc. $TPR

Key Points

• Yeomans Consulting Group Inc. acquired a new stake in Tapestry, Inc. by purchasing 3,341 shares valued at around $290,000 in the second quarter.
• Tapestry recently reported $1.04 EPS for the latest quarter, exceeding expectations, and has set its fiscal year 2026 guidance at 5.300-5.450 EPS.
• The company announced an increase in its quarterly dividend to $0.40 per share, representing an annual yield of 1.4%, reflecting positive financial performance.

Yeomans Consulting Group Inc. purchased a new stake in Tapestry, Inc. (NYSE:TPR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,341 shares of the luxury accessories retailer's stock, valued at approximately $290,000.

Other institutional investors have also recently made changes to their positions in the company. First PREMIER Bank acquired a new position in Tapestry in the second quarter valued at approximately $25,000. Flaharty Asset Management LLC purchased a new stake in Tapestry in the first quarter valued at $25,000. Harbour Investments Inc. lifted its stake in shares of 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 last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Tapestry in the 1st quarter valued at $29,000. Finally, MorganRosel Wealth Management LLC purchased a new position in shares of Tapestry during the 1st quarter worth $35,000. Hedge funds and other institutional investors own 90.77% of the company's stock.

Tapestry Price Performance

Shares of TPR opened at $115.73 on Friday. The company has a market cap of $23.96 billion, a P/E ratio of 183.70, a PEG ratio of 2.74 and a beta of 1.57. Tapestry, Inc. has a fifty-two week low of $43.07 and a fifty-two week high of $117.00. The company has a quick ratio of 1.31, a current ratio of 1.87 and a debt-to-equity ratio of 2.77. The firm's 50 day moving average price is $106.96 and its 200 day moving average price is $88.92.

Tapestry (NYSE:TPR - Get Free Report) last posted its quarterly 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. Tapestry had a net margin of 2.61% and a return on equity of 68.02%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The company's quarterly revenue was up 8.3% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS. On average, research analysts forecast that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Increases Dividend

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

Insider Buying and Selling

In related news, VP Manesh Dadlani sold 7,882 shares of the business's stock in a transaction that occurred 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 completion of the sale, 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 transaction 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 business's stock in a transaction that occurred on 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 sale, the director owned 8,153 shares of the company's stock, valued at $865,767.07. This represents a 58.13% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Cowen restated a "buy" rating on shares of Tapestry in a report on Thursday, August 7th. UBS Group reduced their price target on shares of Tapestry from $112.00 to $105.00 and set a "neutral" rating on the stock in a research note on Friday, August 15th. Wall Street Zen cut shares of Tapestry from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 22nd. Wells Fargo & Company lifted their target price on shares of Tapestry from $100.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Finally, Bank of America cut Tapestry from a "buy" rating to a "neutral" rating and upped their price target for the stock from $95.00 to $115.00 in a research note on Tuesday, July 29th. Seventeen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.47.

About Tapestry

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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