Fiducient Advisors LLC Purchases Shares of 4,970 Tapestry, Inc. $TPR

Fiducient Advisors LLC purchased a new stake in Tapestry, Inc. (NYSE:TPR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,970 shares of the luxury accessories retailer’s stock, valued at approximately $635,000.

Several other large investors have also recently bought and sold shares of the stock. National Pension Service raised its holdings in Tapestry by 6,461.3% in the 4th quarter. National Pension Service now owns 352,144 shares of the luxury accessories retailer’s stock valued at $44,993,000 after acquiring an additional 346,777 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its holdings in Tapestry by 313.9% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 55,876 shares of the luxury accessories retailer’s stock valued at $7,139,000 after acquiring an additional 42,376 shares during the period. Intech Investment Management LLC raised its holdings in Tapestry by 218.9% in the 4th quarter. Intech Investment Management LLC now owns 195,089 shares of the luxury accessories retailer’s stock valued at $24,927,000 after acquiring an additional 133,911 shares during the period. Huntington National Bank raised its holdings in Tapestry by 4.9% in the 4th quarter. Huntington National Bank now owns 3,369 shares of the luxury accessories retailer’s stock valued at $430,000 after acquiring an additional 156 shares during the period. Finally, IPG Investment Advisors LLC bought a new position in shares of Tapestry during the fourth quarter worth approximately $1,767,000. 90.77% of the stock is owned by institutional investors.

Tapestry Stock Up 4.7%

Shares of TPR opened at $145.39 on Friday. 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 has a market capitalization of $29.37 billion, a PE ratio of 46.60, a P/E/G ratio of 1.41 and a beta of 1.45. The firm’s 50 day moving average is $142.20 and its 200-day moving average is $134.83. Tapestry, Inc. has a 12 month low of $76.92 and a 12 month high of $161.97.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 8.44% and a return on equity of 229.70%. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Equities research analysts forecast that Tapestry, Inc. will post 6.95 EPS for the current year.

Tapestry Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is currently 51.28%.

Analyst Ratings Changes

TPR has been the topic of several recent research reports. The Goldman Sachs Group set a $166.00 target price on shares of Tapestry in a report on Friday, February 6th. Robert W. Baird raised their target price on shares of Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Citigroup raised their target price on shares of Tapestry from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company raised 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. Finally, UBS Group raised shares of Tapestry from a “neutral” rating to a “buy” rating and raised their target price for the stock from $142.00 to $187.00 in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tapestry presently has an average rating of “Moderate Buy” and an average target price of $160.67.

Insider Activity at Tapestry

In related news, CEO Todd Kahn sold 19,557 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the sale, the chief executive officer owned 652,434 shares in the company, valued at $86,701,954.26. This represents a 4.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.32% of the company’s stock.

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.