Focus Partners Advisor Solutions LLC Acquires 5,746 Shares of Tapestry, Inc. $TPR

Focus Partners Advisor Solutions LLC grew its holdings in shares of Tapestry, Inc. (NYSE:TPR) by 22.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 31,071 shares of the luxury accessories retailer’s stock after purchasing an additional 5,746 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Tapestry were worth $3,970,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC increased its stake in shares of Tapestry by 21.7% during the 3rd quarter. Fisher Asset Management LLC now owns 608,266 shares of the luxury accessories retailer’s stock worth $68,868,000 after purchasing an additional 108,278 shares during the last quarter. DNB Asset Management AS increased its stake in shares of Tapestry by 1,331.4% during the 3rd quarter. DNB Asset Management AS now owns 39,478 shares of the luxury accessories retailer’s stock worth $4,470,000 after purchasing an additional 36,720 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Tapestry by 23.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 217,408 shares of the luxury accessories retailer’s stock worth $24,615,000 after purchasing an additional 41,556 shares during the last quarter. Advisory Research Inc. increased its stake in shares of Tapestry by 30.1% during the 3rd quarter. Advisory Research Inc. now owns 228,107 shares of the luxury accessories retailer’s stock worth $25,826,000 after purchasing an additional 52,747 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC increased its stake in shares of Tapestry by 420.8% during the 3rd quarter. Counterpoint Mutual Funds LLC now owns 24,233 shares of the luxury accessories retailer’s stock worth $2,744,000 after purchasing an additional 19,580 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tapestry

In related news, CEO Todd Kahn sold 19,557 shares of the company’s 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 in the company, valued at approximately $17,258,585.16. This represents a 13.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the 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 transaction, the chief executive officer owned 652,434 shares in the company, valued at approximately $86,701,954.26. The trade was a 4.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TPR. Weiss Ratings lowered shares of Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Robert W. Baird boosted their price objective on shares of Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Wall Street Zen upgraded shares of Tapestry from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Sanford C. Bernstein restated an “outperform” rating and set a $180.00 price objective on shares of Tapestry in a research note on Tuesday, June 2nd. Finally, BTIG Research restated a “buy” rating and set a $180.00 price objective on shares of Tapestry in a research note on Friday, May 8th. Two 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.22.

Tapestry Stock Up 3.2%

Shares of TPR opened at $145.42 on Wednesday. Tapestry, Inc. has a 52 week low of $78.59 and a 52 week high of $161.97. The firm has a market cap of $29.38 billion, a P/E ratio of 46.61, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. The firm’s 50-day simple moving average is $142.02 and its 200 day simple moving average is $136.98. 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 (NYSE:TPR) last announced its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, beating 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 business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the business earned $1.03 EPS. Tapestry’s quarterly revenue was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, analysts forecast that Tapestry, Inc. will post 6.95 earnings per share for the current year.

Tapestry Announces Dividend

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