Portside Wealth Group LLC Purchases New Position in Tapestry, Inc. $TPR

Portside Wealth Group LLC bought a new position in Tapestry, Inc. (NYSE:TPR) during the 3rd quarter, HoldingsChannel reports. The firm bought 3,755 shares of the luxury accessories retailer’s stock, valued at approximately $425,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TPR. Bessemer Group Inc. lifted its holdings in Tapestry by 5.2% during the third quarter. Bessemer Group Inc. now owns 7,709 shares of the luxury accessories retailer’s stock worth $872,000 after acquiring an additional 381 shares in the last quarter. SBI Securities Co. Ltd. grew its position in shares of Tapestry by 4.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 6,075 shares of the luxury accessories retailer’s stock valued at $688,000 after purchasing an additional 238 shares during the period. Gallacher Capital Management LLC acquired a new stake in Tapestry during the 3rd quarter worth approximately $250,000. Savant Capital LLC raised its holdings in Tapestry by 24.2% during the 3rd quarter. Savant Capital LLC now owns 36,501 shares of the luxury accessories retailer’s stock worth $4,133,000 after buying an additional 7,110 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in Tapestry by 16.3% in the third quarter. Envestnet Asset Management Inc. now owns 467,437 shares of the luxury accessories retailer’s stock valued at $52,923,000 after buying an additional 65,609 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on TPR shares. Weiss Ratings restated a “hold (c)” rating on shares of Tapestry in a report on Wednesday, January 21st. Jefferies Financial Group cut Tapestry from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $142.00 to $138.00 in a research report on Wednesday, January 14th. Wells Fargo & Company increased their price objective on Tapestry from $142.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley boosted their target price on Tapestry from $124.00 to $126.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Finally, Citigroup raised their price target on shares of Tapestry from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday. One investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.33.

Tapestry Trading Up 6.1%

NYSE TPR opened at $151.97 on Friday. Tapestry, Inc. has a 12 month low of $58.39 and a 12 month high of $153.13. The company has a current ratio of 1.63, a quick ratio of 0.93 and a debt-to-equity ratio of 4.32. The stock has a 50 day moving average of $127.42 and a 200-day moving average of $114.91. The company has a market cap of $31.10 billion, a PE ratio of 62.80, a PEG ratio of 2.49 and a beta of 1.63.

Tapestry (NYSE:TPR) last issued its 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 business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, equities research analysts anticipate that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

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 paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, March 6th. Tapestry’s dividend payout ratio (DPR) is 142.86%.

Tapestry announced that its board has initiated a share repurchase program on Thursday, November 6th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the luxury accessories retailer to reacquire up to 4.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Key Headlines Impacting Tapestry

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Q2 beat and materially raised FY‑2026 guidance — Tapestry reported $2.69 EPS vs. ~$2.20 consensus and $2.50B revenue (up 14% YoY); management raised FY26 EPS guidance to $6.40–$6.45 and lifted revenue plans (~$7.8B), signaling stronger-than-expected margin and top‑line momentum. Read More.
• Positive Sentiment: BTIG increased its price target to $175 and kept a “buy” rating — a meaningful upside signal from a sell‑side firm. Read More.
• Positive Sentiment: Citigroup raised its price target to $165 and moved to “buy,” reinforcing analyst enthusiasm after the quarter. Read More.
• Positive Sentiment: Evercore raised its target (to $150) — another upgrade contributing to bullish analyst momentum. Read More.
• Positive Sentiment: Declared dividend — Tapestry announced a $0.40 quarterly dividend (record/ex‑dividend date March 6), which supports income investors and signals confidence from the board.
• Positive Sentiment: Technical/market interest — Relative Strength (RS) rating jumped to 94 and the stock hit all‑time highs as investors digested the results, increasing momentum and retail/institutional attention. Read More.
• Neutral Sentiment: Telsey Advisory Group set an “outperform” rating with a $150 target (slightly below the intra‑day price), reflecting mixed near‑term upside expectations. Read More.
• Neutral Sentiment: Earnings call materials and transcripts are available for deeper read of margin drivers, geographic trends and brand performance. These are useful for modeling but are informational rather than new catalysts. Read More.
• Negative Sentiment: At least one analyst argued Coach’s momentum is unsustainable and issued a downgrade note — a cautionary view that could temper enthusiasm if future comps slow. Read More.

Insider Buying and Selling at Tapestry

In other Tapestry news, CEO Joanne C. Crevoiserat sold 31,735 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $105.31, for a total transaction of $3,342,012.85. Following the transaction, the chief executive officer owned 667,233 shares of the company’s stock, valued at $70,266,307.23. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Todd Kahn sold 29,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $102.83, for a total value of $2,982,070.00. Following the completion of the sale, the chief executive officer owned 86,736 shares in the company, valued at $8,919,062.88. This represents a 25.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 115,485 shares of company stock valued at $12,034,058 in the last three months. Corporate insiders own 1.32% of the company’s stock.

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.