Orion Porfolio Solutions LLC Has $4.17 Million Stock Position in Tapestry, Inc. $TPR

Orion Porfolio Solutions LLC lifted its holdings in shares of Tapestry, Inc. (NYSE:TPR) by 143.6% during the third quarter, Holdings Channel.com reports. The firm owned 36,817 shares of the luxury accessories retailer’s stock after acquiring an additional 21,702 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Tapestry were worth $4,168,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Fisher Asset Management LLC increased its stake in shares of Tapestry by 21.7% in 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 buying an additional 108,278 shares during the period. DNB Asset Management AS lifted its stake 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 worth $4,470,000 after acquiring an additional 36,720 shares during the period. Great Diamond Partners LLC bought a new stake in Tapestry in the third quarter valued at approximately $2,395,000. Three Seasons Wealth LLC bought a new stake in Tapestry in the third quarter valued at approximately $1,882,000. Finally, Stevens Capital Partners acquired a new stake in Tapestry during the 3rd quarter valued at approximately $8,880,000. Institutional investors own 90.77% of the company’s stock.

Tapestry Trading Down 3.7%

TPR opened at $144.10 on Monday. Tapestry, Inc. has a fifty-two week low of $58.39 and a fifty-two week high of $161.97. The firm has a market capitalization of $29.17 billion, a PE ratio of 59.55, a P/E/G ratio of 1.73 and a beta of 1.55. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. The company’s 50-day moving average is $140.38 and its 200 day moving average is $121.66.

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

Tapestry Dividend Announcement

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

Insider Buying and Selling at Tapestry

In other Tapestry news, CEO Joanne C. Crevoiserat sold 48,795 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total transaction of $7,556,881.65. Following the transaction, the chief executive officer directly owned 671,193 shares in the company, valued at approximately $103,947,659.91. This trade represents a 6.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Manesh Dadlani sold 2,147 shares of Tapestry stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $153.47, for a total transaction of $329,500.09. Following the transaction, the vice president directly owned 18,475 shares in the company, valued at $2,835,358.25. This represents a 10.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 164,956 shares of company stock valued at $25,297,262 in the last three months. Insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TPR shares. Argus upgraded shares of Tapestry to a “strong-buy” rating in a report on Friday, January 16th. JPMorgan Chase & Co. upped their price objective on shares of Tapestry from $147.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Barclays set a $179.00 price objective on shares of Tapestry and gave the stock an “overweight” rating in a research report on Friday, February 6th. Citigroup boosted their target price on shares of Tapestry from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Telsey Advisory Group upped their price target on shares of Tapestry to $150.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Two 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 MarketBeat, Tapestry has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

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.