Wealth Enhancement Advisory Services LLC Increases Position in Tapestry, Inc. $TPR

Wealth Enhancement Advisory Services LLC grew its position in shares of Tapestry, Inc. (NYSE:TPR) by 7.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,664 shares of the luxury accessories retailer’s stock after purchasing an additional 8,131 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.06% of Tapestry worth $13,447,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of TPR. Vanguard Group Inc. increased its holdings in shares of Tapestry by 2.4% in the second quarter. Vanguard Group Inc. now owns 25,902,930 shares of the luxury accessories retailer’s stock worth $2,274,536,000 after buying an additional 606,686 shares during the period. Geode Capital Management LLC grew its position in Tapestry by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 5,500,858 shares of the luxury accessories retailer’s stock worth $482,125,000 after acquiring an additional 158,782 shares during the last quarter. SRS Investment Management LLC increased its stake in Tapestry by 12.4% in the 2nd quarter. SRS Investment Management LLC now owns 5,332,824 shares of the luxury accessories retailer’s stock worth $468,275,000 after purchasing an additional 589,000 shares during the period. Schroder Investment Management Group lifted its position in Tapestry by 1,661.6% in the second quarter. Schroder Investment Management Group now owns 4,002,818 shares of the luxury accessories retailer’s stock valued at $351,487,000 after purchasing an additional 3,775,593 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Tapestry by 36.0% in the second quarter. AQR Capital Management LLC now owns 3,546,969 shares of the luxury accessories retailer’s stock valued at $311,388,000 after purchasing an additional 939,227 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors.

Tapestry Stock Down 2.0%

Shares of NYSE:TPR opened at $129.53 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 5.95. The stock has a fifty day simple moving average of $121.74 and a two-hundred day simple moving average of $112.45. Tapestry, Inc. has a 12-month low of $58.39 and a 12-month high of $136.04. The stock has a market capitalization of $26.51 billion, a price-to-earnings ratio of 115.65, a PEG ratio of 2.29 and a beta of 1.63.

Tapestry (NYSE:TPR) last announced its quarterly earnings data on Thursday, November 6th. The luxury accessories retailer reported $1.38 EPS 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 the consensus estimate of $1.63 billion. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. Tapestry’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. On average, research analysts anticipate that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Announces Dividend

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

Tapestry declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 6th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits 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 stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Robert W. Baird set a $140.00 price target on shares of Tapestry in a report on Wednesday, December 17th. Raymond James Financial increased their target price on shares of Tapestry from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Guggenheim started coverage on Tapestry in a report on Tuesday, December 9th. They set a “neutral” rating on the stock. The Goldman Sachs Group upped their price target on Tapestry from $116.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Finally, UBS Group lifted their price objective on Tapestry from $105.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Tapestry presently has an average rating of “Moderate Buy” and a consensus target price of $129.11.

Insider Transactions at Tapestry

In other news, CEO Joanne C. Crevoiserat sold 31,735 shares of the company’s stock in a transaction on Friday, November 21st. The stock was 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 of the company’s stock, valued at $70,266,307.23. This represents a 4.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Scott A. Roe sold 18,794 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $104.85, for a total value of $1,970,550.90. Following the completion of the transaction, the chief financial officer directly owned 148,149 shares of the company’s stock, valued at approximately $15,533,422.65. This trade represents a 11.26% decrease in their position. 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 valued at $12,034,058. Insiders own 1.32% of the company’s stock.

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.