Pinkerton Wealth LLC Raises Stock Position in Tapestry, Inc. $TPR

Pinkerton Wealth LLC raised its stake in shares of Tapestry, Inc. (NYSE:TPR) by 31.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,293 shares of the luxury accessories retailer’s stock after buying an additional 7,766 shares during the period. Pinkerton Wealth LLC’s holdings in Tapestry were worth $3,656,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cloud Capital Management LLC purchased a new stake in Tapestry during the third quarter valued at $26,000. Vestor Capital LLC purchased a new stake in shares of Tapestry during the 2nd quarter valued at about $27,000. Johnson Financial Group Inc. bought a new position in shares of Tapestry in the 2nd quarter worth approximately $39,000. SJS Investment Consulting Inc. boosted its holdings in shares of Tapestry by 2,171.4% in the third quarter. SJS Investment Consulting Inc. now owns 477 shares of the luxury accessories retailer’s stock worth $54,000 after buying an additional 456 shares during the last quarter. Finally, Whittier Trust Co. grew its position in Tapestry by 53.2% during the third quarter. Whittier Trust Co. now owns 478 shares of the luxury accessories retailer’s stock valued at $55,000 after buying an additional 166 shares during the period. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tapestry

In other news, insider Denise Kulikowsky sold 9,166 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the sale, the insider directly owned 26,942 shares of the company’s stock, valued at $4,192,714.04. This represents a 25.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anne Gates sold 6,498 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $153.79, for a total value of $999,327.42. Following the transaction, the director owned 22,698 shares of the company’s stock, valued at $3,490,725.42. This represents a 22.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 164,956 shares of company stock worth $25,297,262. Company insiders own 1.32% of the company’s stock.

Analysts Set New Price Targets

TPR has been the topic of several recent research reports. Telsey Advisory Group increased their price target on shares of Tapestry to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tapestry in a report on Wednesday, January 21st. BTIG Research increased their price target on Tapestry from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Guggenheim assumed coverage on Tapestry in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. Finally, UBS Group restated a “neutral” rating and issued a $141.00 price target on shares of Tapestry in a research note on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

Tapestry Stock Up 0.8%

TPR opened at $145.33 on Tuesday. The company has a market capitalization of $29.42 billion, a PE ratio of 60.05, a price-to-earnings-growth ratio of 1.73 and a beta of 1.55. The firm has a 50-day simple moving average of $140.68 and a two-hundred day simple moving average of $121.99. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32. Tapestry, Inc. has a 52 week low of $58.39 and a 52 week 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 (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.49. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The business’s revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Analysts forecast that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be paid a $0.40 dividend. The ex-dividend date of this dividend 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 presently 66.12%.

Tapestry 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.