CWA Asset Management Group LLC Has $4.55 Million Stock Holdings in Tapestry, Inc. $TPR

CWA Asset Management Group LLC raised its position in Tapestry, Inc. (NYSE:TPR) by 1,408.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 35,581 shares of the luxury accessories retailer’s stock after buying an additional 33,223 shares during the period. CWA Asset Management Group LLC’s holdings in Tapestry were worth $4,546,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Tapestry by 2.4% in the second quarter. Vanguard Group Inc. now owns 25,902,930 shares of the luxury accessories retailer’s stock valued at $2,274,536,000 after acquiring an additional 606,686 shares during the last quarter. State Street Corp increased its position in Tapestry by 19.3% in the third quarter. State Street Corp now owns 9,229,777 shares of the luxury accessories retailer’s stock worth $1,044,995,000 after purchasing an additional 1,494,193 shares during the period. SRS Investment Management LLC raised its holdings in Tapestry by 12.4% during 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 last quarter. Schroder Investment Management Group lifted its position in Tapestry by 21.1% during the 3rd quarter. Schroder Investment Management Group now owns 4,849,371 shares of the luxury accessories retailer’s stock valued at $549,046,000 after purchasing an additional 846,553 shares during the period. Finally, AQR Capital Management LLC lifted its position in Tapestry by 21.4% during the 3rd quarter. AQR Capital Management LLC now owns 4,307,615 shares of the luxury accessories retailer’s stock valued at $487,708,000 after purchasing an additional 760,646 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Tapestry from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 16th. Evercore raised their price objective on shares of Tapestry from $129.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tapestry in a report on Wednesday, January 21st. Telsey Advisory Group upped their target price on shares of Tapestry to $150.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Finally, TD Cowen reissued 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 issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.06.

Insider Buying and Selling at Tapestry

In related news, CEO Joanne C. Crevoiserat sold 48,795 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total value of $7,556,881.65. Following the completion of the transaction, the chief executive officer directly owned 671,193 shares in the company, valued at approximately $103,947,659.91. The trade was a 6.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Denise Kulikowsky sold 9,166 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $155.62, for a total value of $1,426,412.92. Following the sale, the insider directly owned 26,942 shares of the company’s stock, valued at approximately $4,192,714.04. The trade was a 25.38% 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 worth $25,297,262 over the last three months. Company insiders own 1.32% of the company’s stock.

Tapestry Trading Down 1.6%

Shares of NYSE TPR opened at $140.55 on Friday. Tapestry, Inc. has a twelve month low of $58.39 and a twelve month high of $161.97. The stock has a market cap of $28.46 billion, a price-to-earnings ratio of 58.08, a P/E/G ratio of 1.71 and a beta of 1.55. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32. The company’s fifty day moving average is $142.92 and its 200-day moving average is $124.33.

Tapestry (NYSE:TPR) last released its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 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 analysts’ expectations of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Equities research analysts predict that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders 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 is Friday, March 6th. Tapestry’s payout ratio is 66.12%.

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.