Tapestry, Inc. $TPR Shares Acquired by Apella Capital LLC

Apella Capital LLC raised its holdings in Tapestry, Inc. (NYSE:TPR) by 290.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,475 shares of the luxury accessories retailer’s stock after purchasing an additional 4,818 shares during the period. Apella Capital LLC’s holdings in Tapestry were worth $1,009,000 as of its most recent SEC filing.

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

Tapestry Trading Up 0.2%

NYSE TPR opened at $146.24 on Friday. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27. Tapestry, Inc. has a one year low of $84.39 and a one year high of $161.97. The stock’s 50-day moving average is $142.32 and its 200-day moving average is $140.17. The firm has a market cap of $29.55 billion, a P/E ratio of 46.87, a P/E/G ratio of 1.48 and a beta of 1.42.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share 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 the consensus estimate of $1.79 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The firm’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. Sell-side analysts anticipate that Tapestry, Inc. will post 6.95 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, June 5th. Tapestry’s dividend payout ratio is currently 51.28%.

Insider Transactions at Tapestry

In other Tapestry news, CEO Todd Kahn sold 19,557 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the sale, the chief executive officer directly 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. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry 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 directly owned 652,434 shares in the company, valued at $86,701,954.26. This trade represents a 4.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TPR has been the topic of several research analyst reports. Sanford C. Bernstein reissued an “outperform” rating and set a $180.00 target price on shares of Tapestry in a research note on Tuesday, June 2nd. BTIG Research reaffirmed a “buy” rating and set a $180.00 target price on shares of Tapestry in a research report on Wednesday, June 10th. Robert W. Baird boosted their price target on shares of Tapestry from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their target price on Tapestry from $200.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Finally, Weiss Ratings downgraded Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $167.65.

Tapestry 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.