Reflection Asset Management Takes Position in Tapestry, Inc. $TPR

Reflection Asset Management bought a new position in Tapestry, Inc. (NYSE:TPR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,447 shares of the luxury accessories retailer’s stock, valued at approximately $696,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in shares of Tapestry by 2.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,682 shares of the luxury accessories retailer’s stock valued at $477,000 after acquiring an additional 73 shares during the last quarter. Northwest Wealth Management LLC lifted its holdings in Tapestry by 3.4% in the 4th quarter. Northwest Wealth Management LLC now owns 2,462 shares of the luxury accessories retailer’s stock worth $315,000 after purchasing an additional 82 shares during the last quarter. Fulton Bank N.A. boosted its position in Tapestry by 2.8% during the fourth quarter. Fulton Bank N.A. now owns 3,166 shares of the luxury accessories retailer’s stock worth $405,000 after purchasing an additional 87 shares during the period. CVA Family Office LLC grew its holdings in Tapestry by 23.4% during the fourth quarter. CVA Family Office LLC now owns 469 shares of the luxury accessories retailer’s stock valued at $60,000 after purchasing an additional 89 shares during the last quarter. Finally, Clark Financial Services Group Inc. BD grew its holdings in Tapestry by 1.8% during the fourth quarter. Clark Financial Services Group Inc. BD now owns 5,701 shares of the luxury accessories retailer’s stock valued at $733,000 after purchasing an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Citigroup lifted their target price on shares of Tapestry from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Tapestry in a research report on Thursday, April 23rd. Weiss Ratings lowered Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. BTIG Research reissued a “buy” rating and set a $180.00 price objective on shares of Tapestry in a research report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. increased their target price on Tapestry from $200.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $165.12.

Tapestry Trading Up 0.4%

Shares of TPR stock opened at $144.07 on Friday. The firm has a fifty day moving average of $142.60 and a 200-day moving average of $138.94. The stock has a market cap of $29.11 billion, a price-to-earnings ratio of 46.18, a P/E/G ratio of 1.46 and a beta of 1.42. Tapestry, Inc. has a 52-week low of $83.26 and a 52-week high of $161.97. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.27 and a current ratio of 1.84.

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, beating analysts’ consensus estimates of $1.30 by $0.36. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations 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 last year, the business earned $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, equities research analysts forecast that Tapestry, Inc. will post 6.95 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Joanne C. Crevoiserat sold 27,776 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total value of $3,691,152.64. Following the transaction, the chief executive officer directly owned 652,434 shares in the company, valued at $86,701,954.26. This trade represents a 4.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total value of $2,738,371.14. Following the transaction, the chief executive officer owned 123,258 shares in the company, valued at approximately $17,258,585.16. This trade represents a 13.69% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.32% of the stock is currently owned by insiders.

Tapestry Company 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.