3,884 Shares in Tapestry, Inc. $TPR Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC purchased a new position in Tapestry, Inc. (NYSE:TPR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,884 shares of the luxury accessories retailer’s stock, valued at approximately $440,000.

A number of other institutional investors have also recently made changes to their positions in the stock. MAI Capital Management increased its stake in shares of Tapestry by 51.7% in the first quarter. MAI Capital Management now owns 593 shares of the luxury accessories retailer’s stock worth $42,000 after buying an additional 202 shares during the period. Royal Bank of Canada increased its position in shares of Tapestry by 292.8% in the first quarter. Royal Bank of Canada now owns 305,590 shares of the luxury accessories retailer’s stock valued at $21,516,000 after acquiring an additional 464,113 shares during the period. Ancora Advisors LLC increased its position in shares of Tapestry by 7,948.1% in the first quarter. Ancora Advisors LLC now owns 8,692 shares of the luxury accessories retailer’s stock valued at $612,000 after acquiring an additional 8,584 shares during the period. Amundi raised its stake in shares of Tapestry by 25.4% during the first quarter. Amundi now owns 432,323 shares of the luxury accessories retailer’s stock valued at $28,140,000 after acquiring an additional 87,550 shares during the last quarter. Finally, DoubleLine ETF Adviser LP purchased a new stake in shares of Tapestry during the first quarter worth about $378,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Tapestry Price Performance

Shares of TPR stock opened at $129.17 on Friday. The business’s fifty day moving average is $114.77 and its 200 day moving average is $108.02. The company has a quick ratio of 0.93, a current ratio of 1.52 and a debt-to-equity ratio of 5.95. The stock has a market cap of $26.44 billion, a price-to-earnings ratio of 115.33, a PEG ratio of 2.63 and a beta of 1.63. Tapestry, Inc. has a twelve month low of $58.39 and a twelve month high of $131.40.

Tapestry (NYSE:TPR) last announced its earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.13. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The company’s quarterly revenue 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. Research analysts expect that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry Dividend Announcement

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

Tapestry declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 6th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the luxury accessories retailer to repurchase 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.

Analysts Set New Price Targets

TPR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Tapestry from $147.00 to $148.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Weiss Ratings restated a “hold (c)” rating on shares of Tapestry in a report on Wednesday, October 8th. Robert W. Baird set a $140.00 price target on Tapestry in a research note on Wednesday, December 17th. The Goldman Sachs Group lifted their price target on shares of Tapestry from $116.00 to $130.00 and gave the company a “buy” rating in a report on Monday, October 6th. Finally, Guggenheim started coverage on shares of Tapestry in a report on Tuesday, December 9th. They issued a “neutral” rating for the company. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.00.

Insider Buying and Selling at Tapestry

In related news, insider David E. Howard sold 25,029 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $5,673,785. This represents a 31.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Joanne C. Crevoiserat sold 31,735 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $105.31, for a total value of $3,342,012.85. Following the transaction, the chief executive officer directly owned 667,233 shares of the company’s stock, valued at approximately $70,266,307.23. This trade represents a 4.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 115,485 shares of company stock valued at $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.