Tapestry, Inc. $TPR Stock Holdings Increased by Cetera Investment Advisers

Cetera Investment Advisers raised its position in shares of Tapestry, Inc. (NYSE:TPR) by 40.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 89,678 shares of the luxury accessories retailer’s stock after purchasing an additional 25,854 shares during the quarter. Cetera Investment Advisers’ holdings in Tapestry were worth $12,655,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. World Investment Advisors increased its holdings in shares of Tapestry by 3.6% in the 1st quarter. World Investment Advisors now owns 1,979 shares of the luxury accessories retailer’s stock valued at $279,000 after acquiring an additional 69 shares during the last quarter. Horizon Bancorp Inc. IN boosted its holdings in Tapestry by 4.7% in the first quarter. Horizon Bancorp Inc. IN now owns 1,575 shares of the luxury accessories retailer’s stock worth $222,000 after purchasing an additional 71 shares during the period. Smartleaf Asset Management LLC increased its stake in Tapestry by 2.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,682 shares of the luxury accessories retailer’s stock valued at $477,000 after purchasing an additional 73 shares during the last quarter. NewEdge Wealth LLC increased its stake in Tapestry by 2.7% during the first quarter. NewEdge Wealth LLC now owns 3,186 shares of the luxury accessories retailer’s stock valued at $450,000 after purchasing an additional 85 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its holdings in shares of Tapestry by 0.5% during the fourth quarter. Rafferty Asset Management LLC now owns 21,240 shares of the luxury accessories retailer’s stock worth $2,714,000 after purchasing an additional 108 shares during the period. Institutional investors own 90.77% of the company’s stock.

Insider Buying and Selling at Tapestry

In related news, CEO Todd Kahn sold 19,557 shares of Tapestry 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 sale, the chief executive officer directly owned 123,258 shares in the company, valued at $17,258,585.16. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the completion of 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. 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. Corporate insiders own 1.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Tapestry from $187.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Barclays upped their target price on Tapestry from $179.00 to $182.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Robert W. Baird raised their price target on Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Zacks Research lowered Tapestry from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Raymond James Financial restated an “outperform” rating and set a $165.00 price objective on shares of Tapestry in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $173.50.

Tapestry Price Performance

Shares of NYSE:TPR opened at $150.17 on Thursday. The firm’s 50 day moving average is $143.46 and its two-hundred day moving average is $142.95. The firm has a market capitalization of $30.34 billion, a P/E ratio of 48.13, a PEG ratio of 1.38 and a beta of 1.43. 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, Inc. has a 52 week low of $92.62 and a 52 week high of $161.97.

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, topping the consensus estimate of $1.30 by $0.36. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The business’s revenue was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Analysts anticipate that Tapestry, Inc. will post 6.97 earnings per share for the current year.

Tapestry Announces Dividend

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

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.