Tapestry, Inc. $TPR Stock Position Boosted by Sowell Financial Services LLC

Sowell Financial Services LLC grew its stake in shares of Tapestry, Inc. (NYSE:TPR) by 21.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,362 shares of the luxury accessories retailer’s stock after buying an additional 3,940 shares during the quarter. Sowell Financial Services LLC’s holdings in Tapestry were worth $2,532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Fisher Asset Management LLC raised its position in Tapestry by 5,027.6% in the second quarter. Fisher Asset Management LLC now owns 499,988 shares of the luxury accessories retailer’s stock worth $43,904,000 after acquiring an additional 490,237 shares in the last quarter. Czech National Bank grew its stake in shares of Tapestry by 6.8% in 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 raised its holdings in shares of Tapestry by 20.5% in the 2nd quarter. Range Financial Group LLC now owns 38,447 shares of the luxury accessories retailer’s stock worth $3,376,000 after purchasing an additional 6,535 shares in the last quarter. WESPAC Advisors LLC bought a new stake in shares of Tapestry in the 2nd quarter worth approximately $561,000. Finally, Quantum Financial Advisors LLC acquired a new stake in Tapestry during the second quarter valued at approximately $204,000. 90.77% of the stock is currently owned by institutional investors.

Tapestry Stock Performance

Shares of TPR stock opened at $131.23 on Monday. The stock’s fifty day simple moving average is $113.43 and its 200-day simple moving average is $106.73. The company has a market capitalization of $26.86 billion, a price-to-earnings ratio of 117.17, a P/E/G ratio of 2.70 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. Tapestry, Inc. has a 1-year low of $58.39 and a 1-year high of $131.40.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.13. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Tapestry had a return on equity of 116.42% and a net margin of 3.77%.The business’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. On average, sell-side analysts predict that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were given a $0.40 dividend. The ex-dividend date was Friday, December 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Tapestry’s dividend payout ratio is presently 142.86%.

Tapestry declared 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 outstanding shares. This buyback authorization allows the luxury accessories retailer to buy up to 4.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TPR shares. Wells Fargo & Company upped their price target on Tapestry from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Wall Street Zen cut Tapestry from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Evercore ISI boosted their target price on Tapestry from $125.00 to $129.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Raymond James Financial increased their price target on Tapestry from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Finally, Sanford C. Bernstein lifted their price target on Tapestry from $112.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Tapestry has an average rating of “Moderate Buy” and a consensus target price of $122.00.

Insider Activity at Tapestry

In other news, CEO Joanne C. Crevoiserat sold 31,735 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $105.31, for a total transaction of $3,342,012.85. Following the transaction, the chief executive officer directly owned 667,233 shares in the company, valued at $70,266,307.23. The trade was a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David E. Howard sold 25,029 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $102.50, for a total value of $2,565,472.50. Following the sale, the insider owned 55,354 shares of the company’s stock, valued at approximately $5,673,785. This represents a 31.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 115,485 shares of company stock worth $12,034,058. 1.32% of the stock is currently owned by company insiders.

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.