Three Seasons Wealth LLC Purchases Shares of 16,621 Tapestry, Inc. $TPR

Three Seasons Wealth LLC acquired a new position in Tapestry, Inc. (NYSE:TPR) in the 3rd quarter, HoldingsChannel reports. The firm acquired 16,621 shares of the luxury accessories retailer’s stock, valued at approximately $1,882,000.

Several other hedge funds have also recently made changes to their positions in the business. Canada Pension Plan Investment Board purchased a new stake in Tapestry in the first quarter worth $5,943,000. Magnetar Financial LLC bought a new position in Tapestry in the 1st quarter worth $1,961,000. Evergreen Capital Management LLC lifted its position in shares of Tapestry by 3.2% in the 1st quarter. Evergreen Capital Management LLC now owns 6,808 shares of the luxury accessories retailer’s stock worth $479,000 after purchasing an additional 209 shares during the period. DRW Securities LLC bought a new stake in shares of Tapestry during the 1st quarter valued at about $719,000. Finally, MAI Capital Management increased its position in shares of Tapestry by 51.7% during the first quarter. MAI Capital Management now owns 593 shares of the luxury accessories retailer’s stock valued at $42,000 after buying an additional 202 shares during the period. 90.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Robert W. Baird set a $140.00 price objective on shares of Tapestry in a report on Wednesday, December 17th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Tapestry in a research report on Wednesday, December 17th. Wall Street Zen cut Tapestry from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Evercore ISI increased their target price on Tapestry from $125.00 to $129.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Finally, Morgan Stanley lifted their price target on Tapestry from $124.00 to $126.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $122.00.

Insiders Place Their Bets

In other news, CFO Scott A. Roe sold 18,794 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $104.85, for a total value of $1,970,550.90. Following the transaction, the chief financial officer directly owned 148,149 shares in the company, valued at $15,533,422.65. This trade represents a 11.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider David E. Howard sold 25,029 shares of Tapestry stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $102.50, for a total value of $2,565,472.50. Following the completion of the sale, the insider directly owned 55,354 shares of the company’s stock, valued at $5,673,785. The trade was a 31.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 115,485 shares of company stock worth $12,034,058 in the last 90 days. Insiders own 1.32% of the company’s stock.

Tapestry Trading Up 0.8%

Tapestry stock opened at $131.23 on Monday. Tapestry, Inc. has a one year low of $58.39 and a one year high of $131.40. The business’s fifty day moving average is $113.43 and its 200 day moving average is $106.73. The stock has a market capitalization of $26.86 billion, a PE ratio of 117.17, a price-to-earnings-growth ratio of 2.70 and a beta of 1.65. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.52 and a quick ratio of 0.93.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.13. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. On average, sell-side analysts predict that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 5th were issued a $0.40 dividend. The ex-dividend date was Friday, December 5th. This represents a $1.60 annualized dividend and a yield of 1.2%. Tapestry’s dividend payout ratio (DPR) is currently 142.86%.

Tapestry declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 6th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the luxury accessories retailer to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.