Fisher Asset Management LLC Boosts Position in Tapestry, Inc. $TPR

Fisher Asset Management LLC increased its holdings in shares of Tapestry, Inc. (NYSE:TPR) by 3.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 627,041 shares of the luxury accessories retailer’s stock after acquiring an additional 18,775 shares during the quarter. Fisher Asset Management LLC’s holdings in Tapestry were worth $80,117,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Northwest Wealth Management LLC lifted its stake in Tapestry by 3.4% during the fourth quarter. Northwest Wealth Management LLC now owns 2,462 shares of the luxury accessories retailer’s stock worth $315,000 after purchasing an additional 82 shares during the last quarter. Fulton Bank N.A. lifted its stake in Tapestry by 2.8% during the fourth quarter. Fulton Bank N.A. now owns 3,166 shares of the luxury accessories retailer’s stock worth $405,000 after purchasing an additional 87 shares during the last quarter. CVA Family Office LLC lifted its stake in Tapestry by 23.4% during the fourth quarter. CVA Family Office LLC now owns 469 shares of the luxury accessories retailer’s stock worth $60,000 after purchasing an additional 89 shares during the last quarter. Clark Financial Services Group Inc. BD lifted its stake in Tapestry by 1.8% during the fourth quarter. Clark Financial Services Group Inc. BD now owns 5,701 shares of the luxury accessories retailer’s stock worth $733,000 after purchasing an additional 103 shares during the last quarter. Finally, Essex Financial Services Inc. lifted its stake in Tapestry by 3.5% during the third quarter. Essex Financial Services Inc. now owns 3,324 shares of the luxury accessories retailer’s stock worth $376,000 after purchasing an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Argus set a $165.00 target price on Tapestry in a research note on Thursday, March 12th. Citigroup boosted their price objective on Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group set a $166.00 price objective on Tapestry in a research note on Friday, February 6th. Raymond James Financial reiterated an “outperform” rating and issued a $165.00 price objective on shares of Tapestry in a research note on Thursday, April 23rd. Finally, TD Cowen reiterated a “buy” rating on shares of Tapestry in a research note on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Tapestry has a consensus rating of “Moderate Buy” and a consensus price target of $160.67.

Tapestry Trading Up 0.1%

NYSE:TPR opened at $138.65 on Tuesday. The firm has a market cap of $28.01 billion, a P/E ratio of 44.44, a PEG ratio of 1.41 and a beta of 1.45. The company has a current ratio of 1.84, a quick ratio of 1.27 and a debt-to-equity ratio of 3.48. The stock’s 50 day simple moving average is $142.25 and its 200-day simple moving average is $134.03. Tapestry, Inc. has a 12-month low of $76.29 and a 12-month high of $161.97.

Tapestry (NYSE:TPR) last released 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. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Equities analysts anticipate that Tapestry, Inc. will post 6.95 EPS for the current year.

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. Tapestry’s payout ratio is presently 51.28%.

Insider Activity

In other news, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.32% of the company’s stock.

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.