Fortis Capital Advisors LLC Purchases New Shares in Tapestry, Inc. $TPR

Fortis Capital Advisors LLC bought a new stake in Tapestry, Inc. (NYSE:TPR) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,025 shares of the luxury accessories retailer’s stock, valued at approximately $569,000.

Several other large investors have also modified their holdings of the stock. Woodline Partners LP increased its stake in Tapestry by 25.0% in the 1st quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock valued at $1,231,000 after buying an additional 3,495 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Tapestry in the first quarter valued at about $493,000. Sivia Capital Partners LLC acquired a new position in shares of Tapestry during the second quarter worth about $602,000. Archford Capital Strategies LLC purchased a new position in Tapestry during the second quarter worth about $200,000. Finally, Janney Montgomery Scott LLC raised its holdings in Tapestry by 292.3% during the second quarter. Janney Montgomery Scott LLC now owns 30,733 shares of the luxury accessories retailer’s stock worth $2,699,000 after purchasing an additional 22,899 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Insider Transactions at Tapestry

In other Tapestry news, insider Denise Kulikowsky sold 583 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $115.17, for a total transaction of $67,144.11. Following the sale, the insider owned 19,285 shares in the company, valued at approximately $2,221,053.45. This represents a 2.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Todd Kahn sold 10,344 shares of Tapestry stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $107.00, for a total value of $1,106,808.00. Following the sale, the chief executive officer owned 131,815 shares of the company’s stock, valued at approximately $14,104,205. This represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 115,485 shares of company stock worth $12,034,058 in the last quarter. Insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

TPR has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on Tapestry from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. UBS Group upped their price objective on Tapestry from $105.00 to $123.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Raymond James Financial raised their target price on Tapestry from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. The Goldman Sachs Group upped their price target on shares of Tapestry from $116.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 price target on shares of Tapestry in a report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.11.

Tapestry Trading Up 1.1%

Shares of TPR stock opened at $127.53 on Wednesday. The stock has a market cap of $26.10 billion, a P/E ratio of 113.87, a P/E/G ratio of 2.17 and a beta of 1.63. The company has a quick ratio of 0.93, a current ratio of 1.52 and a debt-to-equity ratio of 5.95. Tapestry, Inc. has a fifty-two week low of $58.39 and a fifty-two week high of $136.04. The business has a fifty day simple moving average of $123.29 and a 200-day simple moving average of $113.38.

Tapestry (NYSE:TPR) last issued its quarterly earnings data 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 firm’s revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. On average, analysts forecast that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry announced that its board has initiated a stock buyback program on Thursday, November 6th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the luxury accessories retailer to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Tapestry Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 5th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, December 5th. Tapestry’s payout ratio is currently 142.86%.

Tapestry Company 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.