Focus Partners Advisor Solutions LLC Has $3.97 Million Stock Holdings in Tapestry, Inc. $TPR

by · The Cerbat Gem

Focus Partners Advisor Solutions LLC boosted its holdings in shares of Tapestry, Inc. (NYSE:TPRFree Report) by 22.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 31,071 shares of the luxury accessories retailer’s stock after acquiring an additional 5,746 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Tapestry were worth $3,970,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp grew its holdings in Tapestry by 19.3% during the 3rd quarter. State Street Corp now owns 9,229,777 shares of the luxury accessories retailer’s stock worth $1,044,995,000 after acquiring an additional 1,494,193 shares during the period. Geode Capital Management LLC grew its holdings in Tapestry by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 5,912,917 shares of the luxury accessories retailer’s stock worth $753,482,000 after acquiring an additional 203,764 shares during the period. Schroder Investment Management Group grew its holdings 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 worth $549,046,000 after acquiring an additional 846,553 shares during the period. AQR Capital Management LLC grew its holdings 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 worth $487,708,000 after acquiring an additional 760,646 shares during the period. Finally, Northern Trust Corp grew its holdings in Tapestry by 7.6% during the 3rd quarter. Northern Trust Corp now owns 2,870,821 shares of the luxury accessories retailer’s stock worth $325,034,000 after acquiring an additional 203,520 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Tapestry Trading Up 3.2%

TPR opened at $145.42 on Wednesday. The stock has a market capitalization of $29.38 billion, a P/E ratio of 46.61, a P/E/G ratio of 1.43 and a beta of 1.42. Tapestry, Inc. has a 12 month low of $78.59 and a 12 month high of $161.97. The firm’s fifty day simple moving average is $142.02 and its 200 day simple moving average is $136.98. The company has a current ratio of 1.84, a quick ratio of 1.27 and a debt-to-equity ratio of 3.48.

Tapestry (NYSE:TPRGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.30 by $0.36. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the previous year, the firm posted $1.03 EPS. The firm’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. As a group, research analysts anticipate that Tapestry, Inc. will post 6.95 EPS for the current fiscal year.

Tapestry Dividend Announcement

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

Insider Activity

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s stock in a transaction dated 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 $86,701,954.26. The trade was a 4.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 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 sale, the chief executive officer directly owned 123,258 shares in the company, valued at $17,258,585.16. This trade represents a 13.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.32% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on TPR shares. Argus set a $165.00 target price on shares of Tapestry in a report on Thursday, March 12th. Wall Street Zen raised shares of Tapestry from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. BNP Paribas Exane started coverage on shares of Tapestry in a report on Friday, February 13th. They issued an “outperform” rating and a $176.00 price target for the company. JPMorgan Chase & Co. boosted their price target on shares of Tapestry from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Finally, Robert W. Baird boosted their price target on shares of Tapestry from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Two 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.22.

View Our Latest Stock Report on Tapestry

Tapestry Company Profile

(Free Report)

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.

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