Connors Investor Services Inc. Grows Stock Holdings in Tapestry, Inc. $TPR

Connors Investor Services Inc. raised its holdings in shares of Tapestry, Inc. (NYSE:TPR) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,040 shares of the luxury accessories retailer’s stock after acquiring an additional 3,613 shares during the quarter. Connors Investor Services Inc.’s holdings in Tapestry were worth $14,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Cloud Capital Management LLC purchased a new position in shares of Tapestry in the third quarter valued at $26,000. Vestor Capital LLC purchased a new stake in Tapestry during the 2nd quarter worth about $27,000. Triumph Capital Management purchased a new stake in Tapestry during the 3rd quarter worth about $29,000. Johnson Financial Group Inc. bought a new position in Tapestry in the 2nd quarter worth about $39,000. Finally, Larson Financial Group LLC grew its holdings in Tapestry by 210.4% during the 3rd quarter. Larson Financial Group LLC now owns 388 shares of the luxury accessories retailer’s stock valued at $44,000 after buying an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Tapestry Stock Up 1.0%

Shares of NYSE TPR opened at $143.27 on Wednesday. Tapestry, Inc. has a 12 month low of $58.39 and a 12 month high of $161.97. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. The firm has a market capitalization of $29.01 billion, a price-to-earnings ratio of 59.20, a PEG ratio of 1.70 and a beta of 1.55. The business has a 50-day moving average of $142.43 and a 200-day moving average of $123.82.

Tapestry (NYSE:TPR) last announced 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. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the firm posted $2.00 earnings per share. Tapestry’s quarterly revenue was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Sell-side analysts expect that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders 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 annualized dividend and a dividend yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is 66.12%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TPR shares. Citigroup upped their price target on Tapestry from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, February 6th. UBS Group reaffirmed a “neutral” rating and set a $141.00 price objective on shares of Tapestry in a research note on Monday, February 9th. Wells Fargo & Company upped their target price on shares of Tapestry from $142.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Telsey Advisory Group increased their target price on shares of Tapestry to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Finally, Jefferies Financial Group downgraded shares of Tapestry from a “buy” rating to a “hold” rating and cut their price target for the company from $142.00 to $138.00 in a report on Wednesday, January 14th. Two investment 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 stock. Based on data from MarketBeat.com, Tapestry currently has an average rating of “Moderate Buy” and an average price target of $151.06.

Insider Activity at Tapestry

In related news, Director Anne Gates sold 6,498 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 22,698 shares in the company, valued at approximately $3,490,725.42. The trade was a 22.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the stock in a transaction on Wednesday, February 18th. The shares were 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 represents a 6.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 164,956 shares of company stock worth $25,297,262 in the last three months. 1.32% of the stock is owned by insiders.

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.