Fortis Group Advisors LLC Purchases 5,448 Shares of Tapestry, Inc. $TPR

Fortis Group Advisors LLC raised its position in shares of Tapestry, Inc. (NYSE:TPR) by 77.2% in the fourth quarter, HoldingsChannel reports. The fund owned 12,508 shares of the luxury accessories retailer’s stock after acquiring an additional 5,448 shares during the period. Fortis Group Advisors LLC’s holdings in Tapestry were worth $1,587,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Sierra Summit Advisors LLC bought a new stake in shares of Tapestry during the fourth quarter worth approximately $1,130,000. Leonteq Securities AG bought a new stake in shares of Tapestry during the fourth quarter worth approximately $111,000. ABN Amro Investment Solutions boosted its holdings in shares of Tapestry by 241.7% during the fourth quarter. ABN Amro Investment Solutions now owns 10,860 shares of the luxury accessories retailer’s stock worth $1,388,000 after acquiring an additional 7,682 shares during the period. Banque Cantonale Vaudoise boosted its holdings in shares of Tapestry by 2,564.2% during the fourth quarter. Banque Cantonale Vaudoise now owns 14,200 shares of the luxury accessories retailer’s stock worth $1,814,000 after acquiring an additional 13,667 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Tapestry during the fourth quarter worth approximately $1,128,000. Institutional investors own 90.77% of the company’s stock.

Tapestry Price Performance

TPR stock opened at $135.75 on Thursday. The stock has a market cap of $27.43 billion, a price-to-earnings ratio of 43.51, a P/E/G ratio of 1.34 and a beta of 1.45. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27. The company has a 50 day simple moving average of $142.64 and a 200 day simple moving average of $133.37. Tapestry, Inc. has a 1 year low of $76.29 and a 1 year high of $161.97.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.36. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. The company’s revenue was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Research analysts anticipate that Tapestry, Inc. will post 6.95 EPS for the current fiscal year.

Tapestry Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be given a $0.40 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 1.2%. Tapestry’s dividend payout ratio (DPR) is currently 51.28%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TPR. UBS Group upgraded shares of Tapestry from a “neutral” rating to a “buy” rating and lifted their price target for the company from $142.00 to $187.00 in a research report on Friday, May 8th. Zacks Research upgraded shares of Tapestry from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Weiss Ratings upgraded shares of Tapestry from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded shares of Tapestry from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Wells Fargo & Company lifted their price target on shares of Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $160.67.

Insider Buying and Selling

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,776 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total value of $3,691,152.64. Following the completion of the transaction, the chief executive officer directly owned 652,434 shares in the company, valued at approximately $86,701,954.26. This trade represents a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate 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.