Severin Investments LLC Acquires New Holdings in Tapestry, Inc. $TPR

Severin Investments LLC purchased a new stake in Tapestry, Inc. (NYSE:TPR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,016 shares of the luxury accessories retailer’s stock, valued at approximately $641,000.

A number of other institutional investors also recently modified their holdings of TPR. Steph & Co. grew its stake in shares of Tapestry by 128.7% in the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock worth $30,000 after acquiring an additional 130 shares during the last quarter. Cloud Capital Management LLC acquired a new stake in shares of Tapestry in the third quarter worth $26,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Tapestry in the fourth quarter worth $31,000. Triumph Capital Management acquired a new stake in shares of Tapestry in the third quarter worth $29,000. Finally, Cornerstone Planning Group LLC grew its stake in shares of Tapestry by 2,720.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 282 shares of the luxury accessories retailer’s stock worth $36,000 after acquiring an additional 272 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Insider Buying and Selling at Tapestry

In other news, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total value of $3,691,152.64. Following the sale, the chief executive officer owned 652,434 shares in the company, valued at approximately $86,701,954.26. The trade was a 4.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the completion of the sale, the chief executive officer owned 123,258 shares in the company, valued at $17,258,585.16. This represents a 13.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.32% of the stock is currently owned by insiders.

Tapestry Stock Down 1.2%

TPR opened at $138.92 on Thursday. Tapestry, Inc. has a fifty-two week low of $76.92 and a fifty-two week high of $161.97. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27. The firm’s fifty day moving average price is $142.16 and its two-hundred day moving average price is $134.53. The company has a market capitalization of $28.07 billion, a P/E ratio of 44.53, a P/E/G ratio of 1.43 and a beta of 1.45.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.36. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. The business’s revenue was up 21.2% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, analysts anticipate that Tapestry, Inc. will post 6.95 EPS for the current year.

Tapestry Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, June 5th. Tapestry’s payout ratio is currently 51.28%.

Analysts Set New Price Targets

TPR has been the topic of several research analyst reports. Raymond James Financial restated an “outperform” rating and issued a $165.00 price objective on shares of Tapestry in a research note on Thursday, April 23rd. JPMorgan Chase & Co. raised their price objective on shares of Tapestry from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. UBS Group upgraded shares of Tapestry from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $142.00 to $187.00 in a research note on Friday, May 8th. Barclays set a $179.00 price objective on shares of Tapestry and gave the stock an “overweight” rating in a research note on Friday, February 6th. Finally, Evercore set a $175.00 price objective on shares of Tapestry in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Tapestry presently has a consensus rating of “Moderate Buy” and an average target price of $160.67.

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.