Tapestry, Inc. $TPR Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its stake in shares of Tapestry, Inc. (NYSE:TPR) by 12.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 600,217 shares of the luxury accessories retailer’s stock after purchasing an additional 64,328 shares during the period. Tapestry makes up about 0.3% of Gotham Asset Management LLC’s portfolio, making the stock its 18th biggest position. Gotham Asset Management LLC’s holdings in Tapestry were worth $67,957,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Cloud Capital Management LLC purchased a new position in shares of Tapestry in the third quarter worth $26,000. Vestor Capital LLC purchased a new stake in shares of Tapestry during the second quarter valued at $27,000. Johnson Financial Group Inc. purchased a new stake in shares of Tapestry during the second quarter valued at $39,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Tapestry in the 2nd quarter valued at $45,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Tapestry in the 2nd quarter valued at $52,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Tapestry Trading Down 0.4%

Shares of NYSE:TPR opened at $142.12 on Monday. The business’s 50 day moving average price is $141.96 and its 200-day moving average price is $123.25. Tapestry, Inc. has a 1 year low of $58.39 and a 1 year high of $161.97. The firm has a market capitalization of $28.77 billion, a price-to-earnings ratio of 58.73, a price-to-earnings-growth ratio of 1.71 and a beta of 1.55. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10.

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

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Tapestry’s payout ratio is currently 66.12%.

Analyst Upgrades and Downgrades

A number of analysts have commented on TPR shares. Evercore lifted their price target on Tapestry from $129.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Tapestry in a report on Wednesday, January 21st. Telsey Advisory Group raised their price objective on Tapestry to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Citigroup lifted their target price on Tapestry from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Wells Fargo & Company upped their target price on Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $151.06.

Insider Activity

In related news, Director Thomas Greco sold 14,245 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $154.44, for a total transaction of $2,199,997.80. Following the completion of the transaction, the director owned 21,302 shares in the company, valued at $3,289,880.88. This represents a 40.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $154.87, for a total transaction of $7,556,881.65. Following the completion of the transaction, the chief executive officer directly owned 671,193 shares in the company, valued at $103,947,659.91. This represents a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 164,956 shares of company stock worth $25,297,262. Company insiders own 1.32% of the company’s stock.

Tapestry Company 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.