4,658 Shares in Tapestry, Inc. $TPR Acquired by Three Seasons Wealth LLC

Three Seasons Wealth LLC purchased a new position in shares of Tapestry, Inc. (NYSE:TPR) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,658 shares of the luxury accessories retailer’s stock, valued at approximately $657,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Tapestry by 9.8% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 73,803 shares of the luxury accessories retailer’s stock valued at $10,414,000 after acquiring an additional 6,600 shares during the period. Sigma Planning Corp acquired a new position in shares of Tapestry in the 1st quarter valued at $897,000. Hillsdale Investment Management Inc. increased its holdings in shares of Tapestry by 9.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 10,900 shares of the luxury accessories retailer’s stock valued at $1,538,000 after acquiring an additional 900 shares during the period. Hartford Funds Management Co LLC purchased a new stake in Tapestry in the 1st quarter valued at $296,000. Finally, Calamos Advisors LLC purchased a new stake in Tapestry in the 1st quarter valued at $3,238,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Insider Transactions at Tapestry

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $2,738,371.14. Following the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. 1.32% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. BTIG Research reissued a “buy” rating and set a $180.00 price objective on shares of Tapestry in a research report on Wednesday, June 10th. Weiss Ratings cut shares of Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. increased their target price on shares of Tapestry from $200.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Citigroup raised their price target on Tapestry from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Morgan Stanley restated an “overweight” rating and issued a $164.00 price target on shares of Tapestry in a research report on Monday, July 6th. Two investment 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 stock. According to MarketBeat, Tapestry presently has a consensus rating of “Moderate Buy” and an average price target of $169.88.

Tapestry Stock Performance

Shares of TPR opened at $140.19 on Thursday. The stock has a market capitalization of $28.32 billion, a P/E ratio of 44.93, a P/E/G ratio of 1.24 and a beta of 1.43. 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 1 year low of $92.62 and a 1 year high of $161.97. The company’s fifty day moving average is $140.99 and its two-hundred day moving average is $141.95.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, topping the consensus estimate of $1.30 by $0.36. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The business’s revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the business earned $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, sell-side analysts predict that Tapestry, Inc. will post 6.96 earnings per share for the current year.

Tapestry Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were given a $0.40 dividend. 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 dividend payout ratio (DPR) is presently 51.28%.

About Tapestry

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.