9,154 Shares in Tapestry, Inc. $TPR Bought by Bellwether Advisors LLC

Bellwether Advisors LLC bought a new stake in shares of Tapestry, Inc. (NYSE:TPR) in the 1st quarter, Holdings Channel reports. The fund bought 9,154 shares of the luxury accessories retailer’s stock, valued at approximately $1,292,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TPR. Acumen Wealth Advisors LLC acquired a new stake in shares of Tapestry during the fourth quarter worth approximately $28,000. Triumph Capital Management bought a new stake in shares of Tapestry in the 3rd quarter worth about $29,000. Steph & Co. raised its stake in shares of 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 purchasing an additional 130 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Tapestry during the fourth quarter worth about $31,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in Tapestry in the fourth quarter valued at about $32,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tapestry

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TPR shares. Evercore set a $175.00 price target on Tapestry in a research report on Friday, May 8th. Citigroup boosted their price objective on shares of Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. BTIG Research reissued a “buy” rating and issued a $180.00 target price on shares of Tapestry in a report on Wednesday, June 10th. 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. Finally, JPMorgan Chase & Co. increased their price target on Tapestry from $200.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $170.06.

Tapestry Stock Performance

TPR opened at $142.32 on Wednesday. Tapestry, Inc. has a twelve month low of $92.62 and a twelve month high of $161.97. The stock has a market cap of $28.75 billion, a PE ratio of 45.62, a price-to-earnings-growth ratio of 1.29 and a beta of 1.43. The business’s 50 day moving average is $141.80 and its 200-day moving average is $142.31. 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 (NYSE:TPR) last posted its earnings results 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. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period last year, the firm earned $1.03 EPS. The firm’s 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, analysts predict that Tapestry, Inc. will post 6.96 earnings per share for the current year.

Tapestry Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 1.1%. Tapestry’s dividend payout ratio is presently 51.28%.

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.