Wealthstar Advisors LLC Buys New Position in Tapestry, Inc. $TPR

Wealthstar Advisors LLC purchased a new stake in Tapestry, Inc. (NYSE:TPR) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,591 shares of the luxury accessories retailer’s stock, valued at approximately $1,071,000.

Other institutional investors have also added to or reduced their stakes in the company. Acumen Wealth Advisors LLC acquired a new position in shares of Tapestry during the fourth quarter valued at about $28,000. Triumph Capital Management acquired a new stake in Tapestry in the 3rd quarter worth approximately $29,000. Steph & Co. grew its position in Tapestry by 128.7% during the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock worth $30,000 after purchasing an additional 130 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in Tapestry during the 4th quarter valued at approximately $31,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Tapestry during the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Tapestry Stock Performance

TPR opened at $144.19 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.27 and a debt-to-equity ratio of 3.48. Tapestry, Inc. has a 12-month low of $86.68 and a 12-month high of $161.97. The firm has a 50 day moving average of $141.69 and a two-hundred day moving average of $141.05. The firm has a market capitalization of $29.13 billion, a PE ratio of 46.22, a P/E/G ratio of 1.34 and a beta of 1.43.

Tapestry (NYSE:TPR) last released its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.30 by $0.36. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.79 billion. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, analysts anticipate that Tapestry, Inc. will post 6.95 EPS for the current year.

Tapestry Announces Dividend

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

Analyst Upgrades and Downgrades

TPR has been the subject of a number of research analyst reports. Evercore set a $175.00 price target on shares of Tapestry in a report on Friday, May 8th. Wall Street Zen raised Tapestry from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Raymond James Financial restated an “outperform” rating and issued a $165.00 target price on shares of Tapestry in a research note on Thursday, April 23rd. Citigroup lifted their price target on Tapestry from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, BTIG Research reaffirmed a “buy” rating and set a $180.00 price target on shares of Tapestry in a research report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Tapestry has an average rating of “Moderate Buy” and an average target price of $167.65.

Insider Buying and Selling at Tapestry

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the completion of the transaction, the chief executive officer owned 652,434 shares in the company, valued at approximately $86,701,954.26. This trade represents a 4.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total value of $2,738,371.14. Following the transaction, the chief executive officer owned 123,258 shares of the company’s stock, valued at $17,258,585.16. The trade was a 13.69% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.32% of the stock is currently owned by corporate insiders.

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.