Tapestry, Inc. $TPR Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its holdings in shares of Tapestry, Inc. (NYSE:TPR) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 866,405 shares of the luxury accessories retailer’s stock after acquiring an additional 100,518 shares during the quarter. Tapestry makes up 0.6% of O Shaughnessy Asset Management LLC’s investment portfolio, making the stock its 24th biggest holding. O Shaughnessy Asset Management LLC’s holdings in Tapestry were worth $110,701,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Woodline Partners LP raised its stake in Tapestry by 25.0% during the 1st quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock valued at $1,231,000 after acquiring an additional 3,495 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Tapestry during the 1st quarter worth approximately $493,000. Sivia Capital Partners LLC purchased a new position in shares of Tapestry during the 2nd quarter worth approximately $602,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Tapestry during the 2nd quarter worth approximately $6,307,000. Finally, Brown Advisory Inc. increased its stake in Tapestry by 13.8% in the 2nd quarter. Brown Advisory Inc. now owns 3,630 shares of the luxury accessories retailer’s stock valued at $319,000 after purchasing an additional 439 shares in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Tapestry Stock Performance

Shares of TPR stock opened at $139.95 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. The business has a 50 day moving average of $141.90 and a two-hundred day moving average of $136.42. Tapestry, Inc. has a 52 week low of $77.86 and a 52 week high of $161.97. The company has a market cap of $28.28 billion, a P/E ratio of 44.86, a PEG ratio of 1.42 and a beta of 1.42.

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

Tapestry Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Tapestry’s dividend payout ratio is currently 51.28%.

Insider Buying and Selling at Tapestry

In other Tapestry news, 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 sale, the chief executive officer directly owned 123,258 shares of the company’s stock, valued at $17,258,585.16. The trade was a 13.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $3,691,152.64. Following the transaction, the chief executive officer owned 652,434 shares in the company, valued at approximately $86,701,954.26. This represents a 4.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TPR has been the subject of several research analyst reports. BNP Paribas Exane initiated coverage on Tapestry in a research note on Friday, February 13th. They issued an “outperform” rating and a $176.00 price objective for the company. Raymond James Financial restated an “outperform” rating and set a $165.00 price objective on shares of Tapestry in a report on Thursday, April 23rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $180.00 target price on shares of Tapestry in a report on Tuesday, June 2nd. TD Cowen reiterated a “buy” rating on shares of Tapestry in a report on Tuesday, February 10th. Finally, Zacks Research raised Tapestry from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Tapestry currently has an average rating of “Moderate Buy” and a consensus target price of $161.22.

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.