Hussman Strategic Advisors Inc. Purchases Shares of 16,800 Tapestry, Inc. $TPR

Hussman Strategic Advisors Inc. bought a new stake in Tapestry, Inc. (NYSE:TPR) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 16,800 shares of the luxury accessories retailer’s stock, valued at approximately $1,902,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TPR. Schroder Investment Management Group boosted its holdings in Tapestry by 1,661.6% in the second quarter. Schroder Investment Management Group now owns 4,002,818 shares of the luxury accessories retailer’s stock worth $351,487,000 after acquiring an additional 3,775,593 shares in the last quarter. Norges Bank acquired a new position in shares of Tapestry during the second quarter worth approximately $227,248,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Tapestry by 250.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,449,170 shares of the luxury accessories retailer’s stock worth $277,295,000 after purchasing an additional 1,750,566 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Tapestry by 36.0% in the 2nd quarter. AQR Capital Management LLC now owns 3,546,969 shares of the luxury accessories retailer’s stock worth $311,388,000 after purchasing an additional 939,227 shares in the last quarter. Finally, Marshall Wace LLP grew its position in Tapestry by 2,547.4% in the 2nd quarter. Marshall Wace LLP now owns 955,667 shares of the luxury accessories retailer’s stock valued at $83,917,000 after purchasing an additional 919,569 shares during the period. 90.77% of the stock is owned by institutional investors.

Insider Activity at Tapestry

In other Tapestry news, CFO Scott A. Roe sold 18,794 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were 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. The trade was a 11.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David E. Howard sold 25,029 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $102.50, for a total transaction of $2,565,472.50. Following the transaction, the insider directly owned 55,354 shares of the company’s stock, valued at $5,673,785. This represents a 31.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 115,485 shares of company stock valued at $12,034,058 in the last 90 days. 1.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TPR has been the topic of several research reports. Raymond James Financial upped their price objective on shares of Tapestry from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Citigroup upped their target price on shares of Tapestry from $124.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Robert W. Baird set a $140.00 price target on Tapestry in a research note on Wednesday, December 17th. Wall Street Zen lowered Tapestry from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Finally, The Goldman Sachs Group increased their price objective on Tapestry from $116.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.11.

Tapestry Price Performance

Shares of NYSE TPR opened at $127.53 on Wednesday. The company has a market capitalization of $26.10 billion, a PE ratio of 113.87, a PEG ratio of 2.17 and a beta of 1.63. The company has a quick ratio of 0.93, a current ratio of 1.52 and a debt-to-equity ratio of 5.95. The stock’s 50 day moving average price is $123.29 and its 200-day moving average price is $113.38. Tapestry, Inc. has a twelve month low of $58.39 and a twelve month high of $136.04.

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

Tapestry declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the luxury accessories retailer to purchase up to 4.9% of its shares through open market purchases. Shares buyback plans are usually 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. Investors of record on Friday, December 5th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, December 5th. Tapestry’s payout ratio is 142.86%.

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.