Focus Partners Wealth Has $1.54 Million Stock Position in Tapestry, Inc. $TPR

Focus Partners Wealth boosted its stake in Tapestry, Inc. (NYSE:TPR) by 10.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,934 shares of the luxury accessories retailer’s stock after purchasing an additional 2,118 shares during the quarter. Focus Partners Wealth’s holdings in Tapestry were worth $1,544,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. China Universal Asset Management Co. Ltd. acquired a new position in Tapestry in the first quarter valued at about $1,708,000. Curat Global LLC bought a new position in Tapestry in the first quarter valued at about $382,000. Nisa Investment Advisors LLC grew its position in Tapestry by 16.7% in the first quarter. Nisa Investment Advisors LLC now owns 63,342 shares of the luxury accessories retailer’s stock valued at $4,460,000 after acquiring an additional 9,049 shares during the last quarter. Jump Financial LLC grew its position in Tapestry by 1,025.9% in the first quarter. Jump Financial LLC now owns 79,702 shares of the luxury accessories retailer’s stock valued at $5,612,000 after acquiring an additional 72,623 shares during the last quarter. Finally, Allworth Financial LP grew its position in Tapestry by 689.0% in the first quarter. Allworth Financial LP now owns 13,374 shares of the luxury accessories retailer’s stock valued at $913,000 after acquiring an additional 11,679 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $125.00 target price on shares of Tapestry in a research report on Thursday, September 11th. Barclays lifted their target price on Tapestry from $111.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. JPMorgan Chase & Co. lifted their target price on Tapestry from $139.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. Evercore ISI decreased their target price on Tapestry from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, August 15th. Finally, TD Cowen upgraded Tapestry from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Thursday, June 12th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $106.47.

Insider Transactions at Tapestry

In other news, Director Alan Ka Ming Lau sold 11,320 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $106.19, for a total transaction of $1,202,070.80. Following the transaction, the director directly owned 8,153 shares in the company, valued at approximately $865,767.07. This represents a 58.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Manesh Dadlani sold 7,882 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $99.05, for a total value of $780,712.10. Following the transaction, the vice president owned 21,098 shares in the company, valued at approximately $2,089,756.90. The trade was a 27.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company’s stock.

Tapestry Price Performance

Shares of TPR opened at $109.52 on Wednesday. Tapestry, Inc. has a 52-week low of $42.06 and a 52-week high of $114.05. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.31 and a current ratio of 1.87. The business’s 50 day moving average price is $104.56 and its two-hundred day moving average price is $85.88. The firm has a market cap of $22.79 billion, a PE ratio of 173.84, a price-to-earnings-growth ratio of 2.66 and a beta of 1.52.

Tapestry (NYSE:TPR) last issued its quarterly earnings results on Thursday, August 14th. The luxury accessories retailer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.02. Tapestry had a return on equity of 68.02% and a net margin of 2.61%.The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. The company’s revenue was up 8.3% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS. On average, equities analysts anticipate that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, September 5th will be issued a dividend of $0.40 per share. This is a positive change from Tapestry’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.5%. Tapestry’s payout ratio is currently 253.97%.

Tapestry Company Profile

Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women’s handbags; and women’s accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.