7,071 Shares in Tapestry, Inc. $TPR Acquired by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC purchased a new stake in Tapestry, Inc. (NYSE:TPR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,071 shares of the luxury accessories retailer’s stock, valued at approximately $1,035,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors boosted its position in shares of Tapestry by 3.6% in the first quarter. World Investment Advisors now owns 1,979 shares of the luxury accessories retailer’s stock valued at $279,000 after acquiring an additional 69 shares during the period. Horizon Bancorp Inc. IN increased its position in Tapestry by 4.7% during the first quarter. Horizon Bancorp Inc. IN now owns 1,575 shares of the luxury accessories retailer’s stock worth $222,000 after acquiring an additional 71 shares during the period. Smartleaf Asset Management LLC raised its stake in Tapestry by 2.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,682 shares of the luxury accessories retailer’s stock worth $477,000 after purchasing an additional 73 shares in the last quarter. Eastern Bank raised its stake in Tapestry by 24.4% in the 2nd quarter. Eastern Bank now owns 392 shares of the luxury accessories retailer’s stock worth $57,000 after purchasing an additional 77 shares in the last quarter. Finally, NewEdge Wealth LLC boosted its holdings in Tapestry by 2.7% in the 1st quarter. NewEdge Wealth LLC now owns 3,186 shares of the luxury accessories retailer’s stock valued at $450,000 after purchasing an additional 85 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tapestry

In other news, CEO Todd Kahn sold 19,557 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the completion of the transaction, the chief executive officer owned 123,258 shares of the company’s stock, valued at approximately $17,258,585.16. The trade was a 13.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.32% of the company’s stock.

Tapestry Stock Performance

NYSE TPR opened at $128.44 on Tuesday. The company has a current ratio of 1.75, a quick ratio of 1.25 and a debt-to-equity ratio of 3.44. The firm has a market capitalization of $25.61 billion, a price-to-earnings ratio of 17.62, a P/E/G ratio of 1.15 and a beta of 1.43. The firm’s 50 day simple moving average is $146.23 and its 200 day simple moving average is $144.77. Tapestry, Inc. has a 1 year low of $93.00 and a 1 year high of $164.80.

Tapestry (NYSE:TPR) last announced its quarterly earnings data on Thursday, August 13th. The luxury accessories retailer reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. Tapestry had a net margin of 19.09% and a return on equity of 254.95%. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the firm posted $1.04 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. As a group, research analysts expect that Tapestry, Inc. will post 7.88 earnings per share for the current fiscal year.

Tapestry Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Friday, September 4th will be paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, September 4th. This is a positive change from Tapestry’s previous quarterly dividend of $0.40. Tapestry’s dividend payout ratio is 21.95%.

Wall Street Analysts Forecast Growth

TPR has been the topic of a number of analyst reports. Evercore set a $175.00 target price on shares of Tapestry in a research report on Friday, May 8th. Weiss Ratings upgraded shares of Tapestry from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday. Citigroup boosted their price target on Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Raymond James Financial restated an “outperform” rating and set a $165.00 price objective on shares of Tapestry in a research note on Thursday, April 23rd. Finally, Barclays lifted their price objective on Tapestry from $182.00 to $185.00 and gave the company an “overweight” rating in a report on Friday. One equities research analyst has 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $175.12.

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.