Brandywine Global Investment Management LLC Purchases New Shares in Tapestry, Inc. $TPR

Brandywine Global Investment Management LLC bought a new position in Tapestry, Inc. (NYSE:TPR) during the 4th quarter, Holdings Channel reports. The institutional investor bought 142,168 shares of the luxury accessories retailer’s stock, valued at approximately $18,165,000.

Other hedge funds have also added to or reduced their stakes in the company. Northwest Wealth Management LLC raised its stake in shares of Tapestry by 3.4% in the fourth quarter. Northwest Wealth Management LLC now owns 2,462 shares of the luxury accessories retailer’s stock worth $315,000 after purchasing an additional 82 shares during the last quarter. Fulton Bank N.A. lifted its holdings in Tapestry by 2.8% in the fourth quarter. Fulton Bank N.A. now owns 3,166 shares of the luxury accessories retailer’s stock valued at $405,000 after acquiring an additional 87 shares during the period. CVA Family Office LLC lifted its holdings in Tapestry by 23.4% in the fourth quarter. CVA Family Office LLC now owns 469 shares of the luxury accessories retailer’s stock valued at $60,000 after acquiring an additional 89 shares during the period. Clark Financial Services Group Inc. BD lifted its holdings in Tapestry by 1.8% in the fourth quarter. Clark Financial Services Group Inc. BD now owns 5,701 shares of the luxury accessories retailer’s stock valued at $733,000 after acquiring an additional 103 shares during the period. Finally, Essex Financial Services Inc. increased its position in Tapestry by 3.5% in the third quarter. Essex Financial Services Inc. now owns 3,324 shares of the luxury accessories retailer’s stock worth $376,000 after buying an additional 113 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

Tapestry Trading Up 0.5%

TPR opened at $140.85 on Tuesday. The stock’s fifty day moving average is $141.89 and its two-hundred day moving average is $136.69. The company has a market capitalization of $28.46 billion, a P/E ratio of 45.15, a PEG ratio of 1.42 and a beta of 1.42. Tapestry, Inc. has a 52 week low of $78.25 and a 52 week high of $161.97. 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 (NYSE:TPR) last released its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, topping the consensus estimate of $1.30 by $0.36. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.Tapestry’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the business posted $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Analysts forecast that Tapestry, Inc. will post 6.95 earnings per share for the current year.

Tapestry Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is currently 51.28%.

Analyst Ratings Changes

Several analysts recently issued reports on TPR shares. Evercore set a $175.00 target price on Tapestry in a research report on Friday, May 8th. UBS Group raised Tapestry from a “neutral” rating to a “buy” rating and increased their price target for the company from $142.00 to $187.00 in a research note on Friday, May 8th. BNP Paribas Exane assumed coverage on Tapestry in a research note on Friday, February 13th. They issued an “outperform” rating and a $176.00 price objective for the company. TD Cowen reaffirmed a “buy” rating on shares of Tapestry in a research note on Tuesday, February 10th. Finally, JPMorgan Chase & Co. upped their price objective on Tapestry from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Tapestry has a consensus rating of “Moderate Buy” and an average target price of $161.22.

Insiders Place Their Bets

In other news, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total value of $3,691,152.64. Following the transaction, the chief executive officer directly owned 652,434 shares in the company, valued at approximately $86,701,954.26. This trade represents a 4.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction on 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Company 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.