14,596 Shares in Tapestry, Inc. $TPR Acquired by SteelPeak Wealth LLC

SteelPeak Wealth LLC purchased a new position in Tapestry, Inc. (NYSE:TPR) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 14,596 shares of the luxury accessories retailer’s stock, valued at approximately $1,865,000.

Several other institutional investors also recently modified their holdings of the stock. Cloud Capital Management LLC acquired a new stake in shares of Tapestry during the 3rd quarter valued at $26,000. Triumph Capital Management acquired a new position in shares of Tapestry in the 3rd quarter worth $29,000. Larson Financial Group LLC raised its position in shares of Tapestry by 210.4% during the third quarter. Larson Financial Group LLC now owns 388 shares of the luxury accessories retailer’s stock worth $44,000 after purchasing an additional 263 shares during the period. CVA Family Office LLC lifted its holdings in shares of Tapestry by 23.4% during the fourth quarter. CVA Family Office LLC now owns 469 shares of the luxury accessories retailer’s stock valued at $60,000 after purchasing an additional 89 shares during the last quarter. Finally, Wealth Watch Advisors INC purchased a new stake in shares of Tapestry during the third quarter valued at $54,000. Institutional investors own 90.77% of the company’s stock.

Tapestry Stock Up 0.1%

Shares of Tapestry stock opened at $141.35 on Friday. The stock has a 50-day moving average price of $144.98 and a 200 day moving average price of $126.99. The company has a market cap of $28.62 billion, a P/E ratio of 58.41, a P/E/G ratio of 1.69 and a beta of 1.59. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. Tapestry, Inc. has a 1 year low of $58.39 and a 1 year high of $161.97.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.49. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, analysts expect that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 6th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Tapestry’s payout ratio is presently 66.12%.

Insider Transactions at Tapestry

In other news, insider Denise Kulikowsky sold 9,166 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the transaction, the insider directly owned 26,942 shares in the company, valued at $4,192,714.04. The trade was a 25.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas Greco sold 14,245 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total transaction of $2,199,997.80. Following the completion of the transaction, the director directly owned 21,302 shares in the company, valued at $3,289,880.88. This trade represents a 40.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 164,956 shares of company stock worth $25,297,262. 1.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TPR. Telsey Advisory Group lifted their price target on Tapestry to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Wall Street Zen raised shares of Tapestry from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Citigroup lifted their target price on shares of Tapestry from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. TD Cowen restated a “buy” rating on shares of Tapestry in a report on Tuesday, February 10th. Finally, Robert W. Baird set a $160.00 price target on shares of Tapestry in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $151.06.

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.