Caerus Investment Advisors LLC Acquires New Position in Tapestry, Inc. $TPR

Caerus Investment Advisors LLC acquired a new stake in Tapestry, Inc. (NYSE:TPR) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 5,055 shares of the luxury accessories retailer’s stock, valued at approximately $572,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TPR. Woodline Partners LP increased its stake in shares of Tapestry by 25.0% in the first quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock worth $1,231,000 after acquiring an additional 3,495 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Tapestry in the first quarter valued at about $493,000. Sivia Capital Partners LLC acquired a new position in Tapestry in the 2nd quarter worth about $602,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Tapestry by 7.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 50,937 shares of the luxury accessories retailer’s stock worth $4,473,000 after purchasing an additional 3,595 shares during the last quarter. Finally, Creative Planning raised its stake in shares of Tapestry by 14.4% during the 2nd quarter. Creative Planning now owns 36,500 shares of the luxury accessories retailer’s stock worth $3,205,000 after purchasing an additional 4,584 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TPR has been the subject of several research reports. Robert W. Baird set a $160.00 price target on Tapestry in a report on Friday, February 6th. Argus set a $165.00 price objective on shares of Tapestry in a research report on Thursday, March 12th. Wall Street Zen upgraded shares of Tapestry from a “buy” rating to a “strong-buy” rating in a research note on Monday. Barclays set a $179.00 target price on shares of Tapestry and gave the stock an “overweight” rating in a research report on Friday, February 6th. Finally, TD Cowen restated a “buy” rating on shares of Tapestry in a research note on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $151.06.

Tapestry Price Performance

Shares of NYSE:TPR opened at $143.27 on Wednesday. The stock has a market capitalization of $29.01 billion, a P/E ratio of 59.20, a P/E/G ratio of 1.70 and a beta of 1.55. The business has a 50-day moving average of $142.43 and a two-hundred day moving average of $123.82. Tapestry, Inc. has a fifty-two week low of $58.39 and a fifty-two week high of $161.97. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10.

Tapestry (NYSE:TPR) last issued its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the business earned $2.00 EPS. The firm’s revenue was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, equities research analysts predict that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s dividend payout ratio is currently 66.12%.

Insiders Place Their Bets

In related news, CEO Joanne C. Crevoiserat sold 48,795 shares of Tapestry stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $154.87, for a total value of $7,556,881.65. Following the transaction, the chief executive officer owned 671,193 shares in the company, valued at $103,947,659.91. This trade represents a 6.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas Greco sold 14,245 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $154.44, for a total transaction of $2,199,997.80. Following the sale, the director owned 21,302 shares of the company’s stock, valued at $3,289,880.88. This trade represents a 40.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 164,956 shares of company stock worth $25,297,262 in the last ninety days. 1.32% of the stock is owned by 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.