Great Diamond Partners LLC Invests $2.40 Million in Tapestry, Inc. $TPR

Great Diamond Partners LLC purchased a new stake in Tapestry, Inc. (NYSE:TPR) in the third quarter, according to its most recent filing with the SEC. The fund purchased 21,153 shares of the luxury accessories retailer’s stock, valued at approximately $2,395,000.

Other large investors have also recently added to or reduced their stakes in the company. Abacus FCF Advisors LLC acquired a new position in Tapestry in the third quarter worth $17,332,000. Sivia Capital Partners LLC raised its holdings in shares of Tapestry by 20.1% during the third quarter. Sivia Capital Partners LLC now owns 8,237 shares of the luxury accessories retailer’s stock worth $933,000 after purchasing an additional 1,377 shares during the period. waypoint wealth counsel lifted its position in shares of Tapestry by 17.3% in the 3rd quarter. waypoint wealth counsel now owns 5,315 shares of the luxury accessories retailer’s stock worth $602,000 after buying an additional 785 shares during the last quarter. Range Financial Group LLC boosted its holdings in shares of Tapestry by 1.8% in the 3rd quarter. Range Financial Group LLC now owns 39,136 shares of the luxury accessories retailer’s stock valued at $4,431,000 after buying an additional 689 shares during the period. Finally, Ethic Inc. boosted its holdings in shares of Tapestry by 4.8% in the 3rd quarter. Ethic Inc. now owns 11,645 shares of the luxury accessories retailer’s stock valued at $1,318,000 after buying an additional 529 shares during the period. 90.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Tapestry news, insider David E. Howard sold 25,029 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $5,673,785. This represents a 31.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Denise Kulikowsky sold 583 shares of Tapestry stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $115.17, for a total value of $67,144.11. Following the transaction, the insider owned 19,285 shares in the company, valued at approximately $2,221,053.45. This trade represents a 2.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 115,485 shares of company stock valued at $12,034,058. 1.32% of the stock is currently owned by insiders.

Tapestry Stock Down 0.6%

Shares of Tapestry stock opened at $129.51 on Wednesday. Tapestry, Inc. has a 1-year low of $58.39 and a 1-year high of $131.40. The company has a market capitalization of $26.50 billion, a P/E ratio of 115.64, a PEG ratio of 2.68 and a beta of 1.65. The business’s fifty day moving average price is $113.96 and its two-hundred day moving average price is $107.43. 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 issued its quarterly earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.13. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.63 billion. Tapestry had a return on equity of 116.42% and a net margin of 3.77%.The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the company earned $0.84 earnings per share. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. As a group, research analysts forecast that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry announced that its Board of Directors has approved a stock repurchase program on Thursday, November 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the luxury accessories retailer to repurchase up to 4.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Tapestry Announces Dividend

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

Wall Street Analyst Weigh In

TPR has been the topic of several research reports. Sanford C. Bernstein increased their price objective on shares of Tapestry from $112.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Barclays increased their price target on Tapestry from $111.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday, September 11th. JPMorgan Chase & Co. boosted their price objective on Tapestry from $147.00 to $148.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Guggenheim initiated coverage on Tapestry in a research note on Tuesday, December 9th. They set a “neutral” rating for the company. Finally, Raymond James Financial increased their target price on Tapestry from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $122.00.

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.