Tapestry, Inc. $TPR Shares Purchased by First Trust Advisors LP

First Trust Advisors LP increased its holdings in shares of Tapestry, Inc. (NYSE:TPR) by 6.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 553,303 shares of the luxury accessories retailer’s stock after buying an additional 35,318 shares during the quarter. First Trust Advisors LP’s holdings in Tapestry were worth $78,077,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Acumen Wealth Advisors LLC purchased a new stake in Tapestry during the fourth quarter valued at about $28,000. Steph & Co. lifted 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 purchased a new stake in shares of Tapestry during the 4th quarter worth about $31,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in shares of Tapestry during the 4th quarter worth about $32,000. Finally, Triumph Capital Management acquired a new stake in Tapestry during the 3rd quarter worth approximately $29,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TPR has been the subject of several analyst reports. 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. Barclays boosted their price target on Tapestry from $179.00 to $182.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Citigroup lifted their price objective on shares of Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Evercore set a $175.00 target price on shares of Tapestry in a research report on Friday, May 8th. Finally, Morgan Stanley restated an “overweight” rating and issued a $164.00 target price on shares of Tapestry in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.06.

Insider Buying and Selling

In other news, CEO Todd Kahn sold 19,557 shares of Tapestry 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 completion of the transaction, the chief executive officer owned 123,258 shares in the company, valued at approximately $17,258,585.16. This trade represents a 13.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $132.89, for a total value of $3,691,152.64. Following the completion of the sale, the chief executive officer owned 652,434 shares of the company’s stock, valued at $86,701,954.26. This trade represents a 4.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.32% of the company’s stock.

Tapestry Price Performance

Shares of TPR stock opened at $142.82 on Friday. The firm has a fifty day moving average of $142.46 and a two-hundred day moving average of $142.49. The firm has a market cap of $28.86 billion, a P/E ratio of 45.78, a P/E/G ratio of 1.27 and a beta of 1.43. Tapestry, Inc. has a 1-year low of $92.62 and a 1-year high of $161.97. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (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 posted $1.03 EPS. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, research analysts anticipate that Tapestry, Inc. will post 6.97 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were paid a dividend of $0.40 per share. The ex-dividend date 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.