Tapestry, Inc. $TPR Shares Purchased by Brighton Jones LLC

Brighton Jones LLC raised its holdings in Tapestry, Inc. (NYSE:TPR) by 47.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,351 shares of the luxury accessories retailer’s stock after acquiring an additional 6,585 shares during the quarter. Brighton Jones LLC’s holdings in Tapestry were worth $2,304,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Jump Financial LLC boosted its stake in shares of Tapestry by 1,025.9% during 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. Fisher Asset Management LLC lifted its holdings in Tapestry by 5,027.6% in the 2nd quarter. Fisher Asset Management LLC now owns 499,988 shares of the luxury accessories retailer’s stock valued at $43,904,000 after purchasing an additional 490,237 shares in the last quarter. Czech National Bank boosted its stake in shares of Tapestry by 6.8% during the 2nd quarter. Czech National Bank now owns 50,781 shares of the luxury accessories retailer’s stock worth $4,459,000 after purchasing an additional 3,233 shares during the last quarter. Range Financial Group LLC grew its holdings in shares of Tapestry by 20.5% during the second quarter. Range Financial Group LLC now owns 38,447 shares of the luxury accessories retailer’s stock worth $3,376,000 after buying an additional 6,535 shares in the last quarter. Finally, WESPAC Advisors LLC purchased a new stake in shares of Tapestry during the second quarter worth about $561,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Joanne C. Crevoiserat sold 31,735 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $105.31, for a total value of $3,342,012.85. Following the completion of the sale, the chief executive officer directly owned 667,233 shares in the company, valued at approximately $70,266,307.23. This represents a 4.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Denise Kulikowsky sold 583 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $115.17, for a total value of $67,144.11. Following the completion of the sale, the insider directly owned 19,285 shares of the company’s stock, valued at $2,221,053.45. The trade was a 2.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 115,485 shares of company stock valued at $12,034,058. 1.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Wall Street Zen lowered shares of Tapestry from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Wells Fargo & Company raised their price objective on Tapestry from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Barclays lifted their price objective on Tapestry from $111.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. Jefferies Financial Group increased their target price on Tapestry from $135.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $150.00 price target on shares of Tapestry in a report on Wednesday, December 17th. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $122.00.

Tapestry Price Performance

TPR stock opened at $128.97 on Tuesday. The company has a market cap of $26.39 billion, a PE ratio of 115.15, a price-to-earnings-growth ratio of 2.58 and a beta of 1.65. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 5.95. The stock has a 50-day moving average price of $112.36 and a two-hundred day moving average price of $105.32. Tapestry, Inc. has a 12-month low of $58.39 and a 12-month high of $129.60.

Tapestry (NYSE:TPR) last released its quarterly earnings data on Thursday, November 6th. The luxury accessories retailer reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.13. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.63 billion. Tapestry had a return on equity of 116.42% and a net margin of 3.77%.The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the business posted $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. As a group, research analysts predict that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry announced that its Board of Directors has authorized a stock repurchase plan on Thursday, November 6th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the luxury accessories retailer to purchase up to 4.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Tapestry Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, December 5th. Tapestry’s payout ratio is currently 142.86%.

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.