Ethos Capital Management Inc. Acquires New Holdings in Tapestry, Inc. $TPR

Ethos Capital Management Inc. acquired a new stake in shares of Tapestry, Inc. (NYSE:TPR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,090 shares of the luxury accessories retailer’s stock, valued at approximately $1,545,000. Tapestry accounts for approximately 1.5% of Ethos Capital Management Inc.’s investment portfolio, making the stock its 24th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC grew its holdings in Tapestry by 21.7% during the third quarter. Fisher Asset Management LLC now owns 608,266 shares of the luxury accessories retailer’s stock valued at $68,868,000 after purchasing an additional 108,278 shares during the period. DNB Asset Management AS boosted its holdings in shares of Tapestry by 1,331.4% in the third quarter. DNB Asset Management AS now owns 39,478 shares of the luxury accessories retailer’s stock valued at $4,470,000 after buying an additional 36,720 shares during the period. Great Diamond Partners LLC acquired a new position in shares of Tapestry in the third quarter valued at approximately $2,395,000. Three Seasons Wealth LLC acquired a new position in shares of Tapestry in the third quarter valued at approximately $1,882,000. Finally, Stevens Capital Partners acquired a new position in shares of Tapestry in the third quarter valued at approximately $8,880,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Tapestry Stock Performance

Shares of TPR stock opened at $139.61 on Wednesday. The company’s fifty day simple moving average is $145.57 and its 200-day simple moving average is $127.50. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32. The firm has a market cap of $28.27 billion, a PE ratio of 57.69, a P/E/G ratio of 1.69 and a beta of 1.59. Tapestry, Inc. has a 12 month low of $58.39 and a 12 month high of $161.97.

Tapestry (NYSE:TPR) last announced its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.49. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Equities 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, March 23rd. Stockholders of record on Friday, March 6th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, March 6th. Tapestry’s payout ratio is currently 66.12%.

Insiders Place Their Bets

In other news, VP Manesh Dadlani sold 2,147 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $153.47, for a total value of $329,500.09. Following the sale, the vice president owned 18,475 shares of the company’s stock, valued at $2,835,358.25. The trade was a 10.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas Greco sold 14,245 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total transaction of $2,199,997.80. Following the completion of the sale, the director directly owned 21,302 shares in the company, valued at approximately $3,289,880.88. This represents a 40.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 164,956 shares of company stock valued at $25,297,262 over the last 90 days. 1.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on TPR. Wells Fargo & Company upped their price target on shares of Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, February 6th. BNP Paribas Exane began coverage on shares of Tapestry in a report on Friday, February 13th. They issued an “outperform” rating and a $176.00 price target for the company. Evercore upped their price target on shares of Tapestry from $129.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. The Goldman Sachs Group set a $166.00 price target on shares of Tapestry in a report on Friday, February 6th. Finally, BTIG Research upped their price target on shares of Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $151.06.

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.