26,571 Shares in Tapestry, Inc. $TPR Bought by OP Asset Management Ltd

OP Asset Management Ltd acquired a new position in Tapestry, Inc. (NYSE:TPR) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 26,571 shares of the luxury accessories retailer’s stock, valued at approximately $3,749,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TPR. Acumen Wealth Advisors LLC acquired a new stake in shares of Tapestry during the fourth quarter valued at about $28,000. Triumph Capital Management acquired a new position in shares of Tapestry in the third quarter worth about $29,000. Steph & Co. boosted its holdings in Tapestry by 128.7% in the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after purchasing an additional 130 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in Tapestry in the fourth quarter valued at about $31,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in Tapestry during the 4th quarter valued at approximately $32,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Tapestry Trading Up 0.2%

NYSE:TPR opened at $146.24 on Friday. The company has a market cap of $29.55 billion, a PE ratio of 46.87, a P/E/G ratio of 1.48 and a beta of 1.42. The business’s 50 day moving average is $142.32 and its two-hundred day moving average is $140.17. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. Tapestry, Inc. has a 52 week low of $84.39 and a 52 week high of $161.97.

Tapestry (NYSE:TPR) last issued its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, analysts predict that Tapestry, Inc. will post 6.95 EPS for the current year.

Tapestry Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 1.1%. Tapestry’s payout ratio is presently 51.28%.

Insider Buying and Selling at Tapestry

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TPR shares. JPMorgan Chase & Co. lifted their price objective on Tapestry from $200.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. UBS Group lifted their price target on shares of Tapestry from $187.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday. Argus set a $165.00 price target on shares of Tapestry in a report on Thursday, March 12th. Weiss Ratings downgraded shares of Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Finally, Robert W. Baird raised their price objective on shares of Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $167.65.

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.