3,988 Shares in Tapestry, Inc. $TPR Bought by Cynosure Group LLC

Cynosure Group LLC bought a new position in shares of Tapestry, Inc. (NYSE:TPR) during the 4th quarter, HoldingsChannel.com reports. The fund bought 3,988 shares of the luxury accessories retailer’s stock, valued at approximately $510,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Acumen Wealth Advisors LLC bought a new position in Tapestry during the fourth quarter worth $28,000. Steph & Co. boosted its stake in Tapestry by 128.7% during the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock worth $30,000 after acquiring an additional 130 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in Tapestry during the fourth quarter worth $31,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in Tapestry during the fourth quarter worth $32,000. Finally, Triumph Capital Management bought a new position in Tapestry during the third quarter worth $29,000. 90.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TPR. Raymond James Financial restated an “outperform” rating and set a $165.00 price objective on shares of Tapestry in a report on Thursday, April 23rd. UBS Group upgraded shares of Tapestry from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $142.00 to $187.00 in a report on Friday, May 8th. Robert W. Baird upped their price objective on shares of Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. upped their price objective on shares of Tapestry from $200.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Finally, Citigroup upped their price objective on shares of Tapestry from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.12.

Tapestry Stock Performance

TPR opened at $149.39 on Wednesday. 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 company’s fifty day moving average price is $142.60 and its two-hundred day moving average price is $138.40. Tapestry, Inc. has a 1-year low of $82.53 and a 1-year high of $161.97. The company has a market cap of $30.18 billion, a price-to-earnings ratio of 47.88, a PEG ratio of 1.53 and a beta of 1.42.

Tapestry (NYSE:TPR) last released its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.36. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.79 billion. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The business’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, analysts expect that Tapestry, Inc. will post 6.95 EPS for the current fiscal year.

Tapestry Announces Dividend

The company 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 is Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Tapestry’s dividend payout ratio is currently 51.28%.

Insider Activity

In other news, CEO Todd Kahn sold 19,557 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total value of $2,738,371.14. Following the completion of the sale, the chief executive officer owned 123,258 shares in the company, valued at $17,258,585.16. This represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the completion of the sale, the chief executive officer owned 652,434 shares of the company’s stock, valued at approximately $86,701,954.26. This represents a 4.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.32% of the company’s stock.

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.