Orion Porfolio Solutions LLC Buys 21,702 Shares of Tapestry, Inc. $TPR

Orion Porfolio Solutions LLC raised its position in shares of Tapestry, Inc. (NYSE:TPR) by 143.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,817 shares of the luxury accessories retailer’s stock after acquiring an additional 21,702 shares during the period. Orion Porfolio Solutions LLC’s holdings in Tapestry were worth $4,168,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Woodline Partners LP boosted its stake in Tapestry by 25.0% in the 1st quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock valued at $1,231,000 after purchasing an additional 3,495 shares during the period. Acadian Asset Management LLC bought a new position in Tapestry during the 1st quarter worth $493,000. Sivia Capital Partners LLC acquired a new stake in shares of Tapestry during the second quarter worth $602,000. Resona Asset Management Co. Ltd. lifted its holdings in shares of Tapestry by 15.5% during the second quarter. Resona Asset Management Co. Ltd. now owns 2,219 shares of the luxury accessories retailer’s stock worth $193,000 after buying an additional 297 shares in the last quarter. Finally, Savant Capital LLC boosted its position in shares of Tapestry by 46.5% in the second quarter. Savant Capital LLC now owns 29,391 shares of the luxury accessories retailer’s stock valued at $2,581,000 after acquiring an additional 9,326 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insiders Place Their Bets

In other Tapestry news, CEO Joanne C. Crevoiserat sold 48,795 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total value of $7,556,881.65. Following the completion of the transaction, the chief executive officer directly owned 671,193 shares in the company, valued at approximately $103,947,659.91. This trade represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Greco sold 14,245 shares of Tapestry stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $154.44, for a total value of $2,199,997.80. Following the sale, the director directly owned 21,302 shares in the company, valued at $3,289,880.88. The trade was a 40.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 164,956 shares of company stock worth $25,297,262. Company insiders own 1.32% of the company’s stock.

Tapestry Price Performance

Shares of NYSE:TPR opened at $144.10 on Monday. The company has a market cap of $29.17 billion, a price-to-earnings ratio of 59.55, a PEG ratio of 1.73 and a beta of 1.55. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. The firm has a 50 day simple moving average of $140.38 and a 200 day simple moving average of $121.66. Tapestry, Inc. has a one year low of $58.39 and a one year high of $161.97.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.49. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Research analysts predict that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Tapestry’s payout ratio is currently 66.12%.

Analyst Ratings Changes

Several equities analysts recently commented on TPR shares. Sanford C. Bernstein restated an “outperform” rating and issued a $170.00 price target on shares of Tapestry in a research note on Friday, February 6th. BTIG Research lifted their price objective on shares of Tapestry from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. UBS Group restated a “neutral” rating and set a $141.00 target price on shares of Tapestry in a research report on Monday, February 9th. Guggenheim started coverage on shares of Tapestry in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. Finally, BNP Paribas Exane assumed coverage on shares of Tapestry in a research report on Friday, February 13th. They issued an “outperform” rating and a $176.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

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.