Interchange Capital Partners LLC Invests $499,000 in Tapestry, Inc. $TPR

Interchange Capital Partners LLC purchased a new stake in Tapestry, Inc. (NYSE:TPR) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,409 shares of the luxury accessories retailer’s stock, valued at approximately $499,000.

Other institutional investors have also recently modified their holdings of the company. Cloud Capital Management LLC purchased a new position in Tapestry in the third quarter worth $26,000. Vestor Capital LLC acquired a new position in shares of Tapestry during the 2nd quarter worth $27,000. Johnson Financial Group Inc. acquired a new position in shares of Tapestry during the 2nd quarter worth $39,000. SJS Investment Consulting Inc. increased its holdings in shares of Tapestry by 2,171.4% in the 3rd quarter. SJS Investment Consulting Inc. now owns 477 shares of the luxury accessories retailer’s stock valued at $54,000 after purchasing an additional 456 shares in the last quarter. Finally, Whittier Trust Co. lifted its stake in shares of Tapestry by 53.2% in the third quarter. Whittier Trust Co. now owns 478 shares of the luxury accessories retailer’s stock valued at $55,000 after purchasing an additional 166 shares during the period. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Tapestry Price Performance

TPR stock opened at $160.50 on Friday. The stock’s 50 day moving average price is $137.54 and its 200 day moving average price is $119.34. The firm has a market cap of $32.50 billion, a P/E ratio of 66.32, a PEG ratio of 1.88 and a beta of 1.63. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63. Tapestry, Inc. has a 1 year low of $58.39 and a 1 year high of $161.97.

Tapestry (NYSE:TPR) last released its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.49. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, sell-side analysts expect that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry announced that its Board of Directors has initiated a share 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 purchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Tapestry Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. Tapestry’s dividend payout ratio (DPR) is 66.12%.

Insider Activity

In other Tapestry news, CEO Joanne C. Crevoiserat sold 48,795 shares of Tapestry stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $154.87, for a total value of $7,556,881.65. Following the completion of the sale, the chief executive officer directly owned 671,193 shares of the company’s stock, valued at approximately $103,947,659.91. The trade was a 6.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anne Gates sold 6,498 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $153.79, for a total value of $999,327.42. Following the completion of the transaction, the director owned 22,698 shares of the company’s stock, valued at $3,490,725.42. This trade represents a 22.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 165,539 shares of company stock valued at $25,364,406 in the last 90 days. Insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TPR shares. Argus upgraded shares of Tapestry to a “strong-buy” rating in a research report on Friday, January 16th. Evercore boosted their price target on Tapestry from $129.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Jefferies Financial Group downgraded Tapestry from a “buy” rating to a “hold” rating and dropped their price objective for the company from $142.00 to $138.00 in a research note on Wednesday, January 14th. Wells Fargo & Company lifted their price objective on Tapestry from $142.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, Wall Street Zen downgraded Tapestry from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.00.

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.