Lido Advisors LLC Has $1.08 Million Stock Holdings in Tapestry, Inc. $TPR

Lido Advisors LLC lifted its stake in shares of Tapestry, Inc. (NYSE:TPR) by 116.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,640 shares of the luxury accessories retailer’s stock after acquiring an additional 4,117 shares during the quarter. Lido Advisors LLC’s holdings in Tapestry were worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in TPR. Globeflex Capital L P bought a new position in Tapestry during the 1st quarter worth approximately $277,000. Cetera Investment Advisers boosted its stake in shares of Tapestry by 40.5% in the 1st quarter. Cetera Investment Advisers now owns 89,678 shares of the luxury accessories retailer’s stock valued at $12,655,000 after purchasing an additional 25,854 shares during the last quarter. Lavaca Capital LLC bought a new stake in shares of Tapestry in the 1st quarter valued at $70,000. NewEdge Wealth LLC increased its position in shares of Tapestry by 2.7% during the first quarter. NewEdge Wealth LLC now owns 3,186 shares of the luxury accessories retailer’s stock worth $450,000 after buying an additional 85 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Tapestry by 6.8% during the first quarter. First Trust Advisors LP now owns 553,303 shares of the luxury accessories retailer’s stock worth $78,077,000 after buying an additional 35,318 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Tapestry Stock Performance

NYSE:TPR opened at $147.52 on Tuesday. 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 twelve month low of $92.62 and a twelve month high of $161.97. The company has a fifty day moving average of $142.78 and a 200-day moving average of $142.69. The firm has a market capitalization of $29.80 billion, a P/E ratio of 47.28, a P/E/G ratio of 1.30 and a beta of 1.43.

Tapestry (NYSE:TPR) last issued its earnings results 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 for the quarter, compared to analyst estimates of $1.79 billion. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. Tapestry’s revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, sell-side analysts anticipate that Tapestry, Inc. will post 6.97 EPS for the current year.

Tapestry Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were issued a dividend of $0.40 per share. The ex-dividend date was 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 Transactions at Tapestry

In other news, CEO Todd Kahn sold 19,557 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 123,258 shares of the company’s stock, valued at $17,258,585.16. This represents a 13.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total value of $3,691,152.64. Following the completion of the sale, the chief executive officer 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TPR. Evercore set a $175.00 target price on shares of Tapestry in a report on Friday, May 8th. BTIG Research reiterated a “buy” rating and set a $180.00 price target on shares of Tapestry in a report on Wednesday, June 10th. Morgan Stanley reissued an “overweight” rating and issued a $164.00 price objective on shares of Tapestry in a research report on Monday, July 6th. Zacks Research downgraded Tapestry from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. upped their target price on Tapestry from $200.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tapestry currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.06.

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.