Vise Technologies Inc. Raises Stock Holdings in Tapestry, Inc. $TPR

Vise Technologies Inc. boosted its stake in Tapestry, Inc. (NYSE:TPR) by 73.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,724 shares of the luxury accessories retailer’s stock after buying an additional 3,686 shares during the period. Vise Technologies Inc.’s holdings in Tapestry were worth $1,115,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Steph & Co. raised its holdings in Tapestry by 128.7% in the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after buying an additional 130 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in Tapestry in the 4th quarter valued at about $31,000. Triumph Capital Management purchased a new stake in Tapestry in the 3rd quarter valued at about $29,000. Cornerstone Planning Group LLC grew its position in Tapestry by 2,720.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 282 shares of the luxury accessories retailer’s stock valued at $36,000 after acquiring an additional 272 shares in the last quarter. Finally, Sound Income Strategies LLC grew its position in Tapestry by 157.4% in the 4th quarter. Sound Income Strategies LLC now owns 314 shares of the luxury accessories retailer’s stock valued at $41,000 after acquiring an additional 192 shares in the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on TPR shares. BNP Paribas Exane started coverage on Tapestry in a research report on Friday, February 13th. They issued an “outperform” rating and a $176.00 target price for the company. Argus set a $165.00 target price on Tapestry in a research report on Thursday, March 12th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $180.00 target price on shares of Tapestry in a research report on Tuesday, June 2nd. Evercore set a $175.00 target price on Tapestry in a research report on Friday, May 8th. Finally, Zacks Research upgraded shares of Tapestry from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $161.22.

Insider Activity at Tapestry

In related news, CEO Todd Kahn sold 19,557 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the completion of the sale, the chief executive officer owned 123,258 shares in the company, valued at $17,258,585.16. The trade was a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 652,434 shares of the company’s stock, valued at approximately $86,701,954.26. The trade was a 4.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is owned by insiders.

Tapestry Stock Up 0.5%

TPR stock opened at $140.85 on Tuesday. The company’s 50 day moving average price is $141.89 and its 200 day moving average price is $136.69. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.27 and a current ratio of 1.84. Tapestry, Inc. has a fifty-two week low of $78.25 and a fifty-two week high of $161.97. The firm has a market capitalization of $28.46 billion, a price-to-earnings ratio of 45.15, a PEG ratio of 1.42 and a beta of 1.42.

Tapestry (NYSE:TPR) last released 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 analyst estimates of $1.79 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, equities research analysts anticipate that Tapestry, Inc. will post 6.95 EPS for the current fiscal year.

Tapestry Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 1.1%. Tapestry’s payout ratio is presently 51.28%.

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.