Diversify Wealth Management LLC Takes Position in Tapestry, Inc. $TPR

Diversify Wealth Management LLC acquired a new stake in Tapestry, Inc. (NYSE:TPR) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,777 shares of the luxury accessories retailer’s stock, valued at approximately $818,000.

Several other hedge funds have also recently bought and sold shares of TPR. Acumen Wealth Advisors LLC purchased a new position in shares of Tapestry in the fourth quarter valued at approximately $28,000. Steph & Co. increased its stake in Tapestry by 128.7% during the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock worth $30,000 after buying an additional 130 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in Tapestry during the 4th quarter worth approximately $31,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in Tapestry in the 4th quarter valued at approximately $32,000. Finally, Triumph Capital Management purchased a new position in Tapestry in the 3rd quarter valued at approximately $29,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Activity

In related news, CEO Todd Kahn sold 19,557 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was 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 directly owned 123,258 shares of the company’s stock, valued at $17,258,585.16. This represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the completion of the transaction, the chief executive officer owned 652,434 shares in the company, valued at $86,701,954.26. This represents a 4.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is currently owned by company insiders.

Tapestry Price Performance

Tapestry stock opened at $144.29 on Friday. The stock has a market cap of $29.15 billion, a P/E ratio of 46.25, a price-to-earnings-growth ratio of 1.29 and a beta of 1.43. The company has a fifty day simple moving average of $141.27 and a 200-day simple moving average of $142.05. Tapestry, Inc. has a 12-month low of $92.62 and a 12-month high of $161.97. The company has a current ratio of 1.84, a quick ratio of 1.27 and a debt-to-equity ratio of 3.48.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.30 by $0.36. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. Tapestry’s revenue for the quarter was up 21.2% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Equities analysts expect that Tapestry, Inc. will post 6.96 EPS for the current fiscal year.

Tapestry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were issued a $0.40 dividend. The ex-dividend date was 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 is presently 51.28%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TPR shares. Raymond James Financial reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Tapestry in a research report on Thursday, April 23rd. Barclays increased their price objective on Tapestry from $179.00 to $182.00 and gave the company an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on Tapestry from $200.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Morgan Stanley reissued an “overweight” rating and set a $164.00 target price on shares of Tapestry in a research note on Monday, July 6th. Finally, Wall Street Zen upgraded Tapestry from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.06.

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.