First Trust Advisors LP Has $92.84 Million Stock Holdings in Tapestry, Inc. $TPR

First Trust Advisors LP decreased its stake in Tapestry, Inc. (NYSE:TPR) by 35.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 819,980 shares of the luxury accessories retailer’s stock after selling 454,824 shares during the period. First Trust Advisors LP owned 0.40% of Tapestry worth $92,838,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cloud Capital Management LLC bought a new position in Tapestry in the third quarter valued at approximately $26,000. Vestor Capital LLC bought a new stake in shares of Tapestry during the 2nd quarter worth approximately $27,000. Johnson Financial Group Inc. acquired a new stake in shares of Tapestry in the 2nd quarter valued at approximately $39,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Tapestry in the 2nd quarter valued at approximately $45,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Tapestry in the second quarter valued at $52,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Tapestry Trading Up 0.8%

TPR stock opened at $145.33 on Tuesday. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63. The company’s 50-day simple moving average is $140.68 and its 200 day simple moving average is $121.99. Tapestry, Inc. has a 52 week low of $58.39 and a 52 week high of $161.97. The company has a market capitalization of $29.42 billion, a PE ratio of 60.05, a price-to-earnings-growth ratio of 1.73 and a beta of 1.55.

Tapestry (NYSE:TPR) last released its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.49. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. Tapestry’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the firm earned $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, sell-side analysts anticipate that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, March 6th. Tapestry’s payout ratio is presently 66.12%.

Insider Buying and Selling

In related news, Director Anne Gates sold 6,498 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $153.79, for a total transaction of $999,327.42. Following the sale, the director owned 22,698 shares of the company’s stock, valued at $3,490,725.42. This represents a 22.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas Greco sold 14,245 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total value of $2,199,997.80. Following the transaction, the director owned 21,302 shares in the company, valued at approximately $3,289,880.88. This trade represents a 40.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 164,956 shares of company stock valued at $25,297,262 in the last quarter. Corporate insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Tapestry in a report on Wednesday, January 21st. Telsey Advisory Group increased their price target on shares of Tapestry to $150.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Wells Fargo & Company lifted their price objective on shares of Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Evercore boosted their price objective on shares of Tapestry from $129.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Finally, Citigroup upped their target price on shares of Tapestry from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $147.00.

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.