4,970 Shares in Tapestry, Inc. $TPR Acquired by Fiducient Advisors LLC

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

Several other institutional investors have also recently bought and sold shares of TPR. Fisher Asset Management LLC raised its position in shares of Tapestry by 21.7% during the 3rd quarter. Fisher Asset Management LLC now owns 608,266 shares of the luxury accessories retailer’s stock valued at $68,868,000 after acquiring an additional 108,278 shares during the last quarter. DNB Asset Management AS raised its position in shares of Tapestry by 1,331.4% during the 3rd quarter. DNB Asset Management AS now owns 39,478 shares of the luxury accessories retailer’s stock valued at $4,470,000 after acquiring an additional 36,720 shares during the last quarter. WCM Investment Management LLC raised its position in shares of Tapestry by 45.5% during the 3rd quarter. WCM Investment Management LLC now owns 815,037 shares of the luxury accessories retailer’s stock valued at $90,844,000 after acquiring an additional 254,936 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Tapestry by 23.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 217,408 shares of the luxury accessories retailer’s stock valued at $24,615,000 after acquiring an additional 41,556 shares during the last quarter. Finally, Advisory Research Inc. raised its position in shares of Tapestry by 30.1% during the 3rd quarter. Advisory Research Inc. now owns 228,107 shares of the luxury accessories retailer’s stock valued at $25,826,000 after acquiring an additional 52,747 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Joanne C. Crevoiserat sold 27,776 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total value of $3,691,152.64. Following the completion of the transaction, the chief executive officer directly 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of the company’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 directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.32% of the stock is currently owned by corporate insiders.

Tapestry Price Performance

TPR opened at $145.39 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. Tapestry, Inc. has a 12 month low of $76.92 and a 12 month high of $161.97. The company has a fifty day simple moving average of $142.20 and a 200 day simple moving average of $134.83. The stock has a market cap of $29.37 billion, a P/E ratio of 46.60, a P/E/G ratio of 1.41 and a beta of 1.45.

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

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Tapestry’s dividend payout ratio is presently 51.28%.

Wall Street Analysts Forecast Growth

Several analysts have commented on TPR shares. Evercore set a $175.00 target price on shares of Tapestry in a research report on Friday, May 8th. The Goldman Sachs Group set a $166.00 target price on shares of Tapestry in a research report on Friday, February 6th. Raymond James Financial reiterated an “outperform” rating and set a $165.00 target price on shares of Tapestry in a research report on Thursday, April 23rd. JPMorgan Chase & Co. upped their target price on shares of Tapestry from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, UBS Group upgraded shares of Tapestry from a “neutral” rating to a “buy” rating and upped their price objective for the company from $142.00 to $187.00 in a research report on Friday, May 8th. 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $160.67.

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.