Simplicity Wealth LLC Purchases New Position in Tapestry, Inc. $TPR

Simplicity Wealth LLC acquired a new position in Tapestry, Inc. (NYSE:TPR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 36,767 shares of the luxury accessories retailer’s stock, valued at approximately $5,382,000.

Several other institutional investors have also added to or reduced their stakes in the business. Eurizon Capital SGR S.p.A. bought a new position in Tapestry during the fourth quarter valued at approximately $8,109,000. Keystone Investors PTE Ltd. boosted its holdings in Tapestry by 17.4% in the fourth quarter. Keystone Investors PTE Ltd. now owns 62,622 shares of the luxury accessories retailer’s stock worth $8,001,000 after purchasing an additional 9,303 shares during the last quarter. Norges Bank bought a new stake in Tapestry in the 4th quarter worth approximately $345,349,000. SEB Asset Management AB bought a new stake in Tapestry in the 1st quarter worth approximately $59,525,000. Finally, North Dakota State Investment Board purchased a new stake in Tapestry during the 4th quarter valued at $2,417,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Tapestry News Summary

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Tapestry reported fiscal fourth-quarter EPS of $1.32, above the $1.28 consensus estimate, while revenue of $1.88 billion also topped expectations. Revenue increased 8.9% year over year, and earnings rose from $1.04 per share in the prior-year quarter. Tapestry fiscal 2026 fourth-quarter and full-year results
• Positive Sentiment: Coach continued to drive growth, supported by younger shoppers, higher average unit retail prices, unit expansion and international growth. Management said the brand’s momentum could remain durable through fiscal 2027, although growth may become more measured in the second half. Coach growth durability
• Positive Sentiment: The company raised its quarterly dividend 15.6% to $0.4625 per share, payable September 21 to shareholders of record September 4. Tapestry also plans approximately $1.7 billion in shareholder returns, supporting the stock’s income and capital-return appeal. Fiscal 2027 outlook and shareholder returns
• Neutral Sentiment: Fiscal 2027 EPS guidance of $7.80 to $7.90 is broadly in line with the roughly $7.82 analyst consensus, suggesting continued profit growth but limited upside relative to expectations. Tapestry earnings estimate beat
• Negative Sentiment: Management projected fiscal 2027 revenue of $8.4 billion to $8.5 billion, slightly below the $8.5 billion consensus. Investors viewed the outlook as disappointing after the quarterly beat, particularly because Kate Spade’s recovery is taking longer and tariff pressure remains a risk. Tapestry forecasts weak annual sales

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Telsey Advisory Group increased their price target on Tapestry from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Barclays lifted their price objective on Tapestry from $182.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday. Citigroup upped their price objective on Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings downgraded Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Finally, Zacks Research cut Tapestry from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Tapestry has an average rating of “Moderate Buy” and an average price target of $175.12.

Tapestry Stock Up 0.1%

TPR opened at $129.11 on Monday. The firm’s 50 day simple moving average is $146.48 and its two-hundred day simple moving average is $144.76. The company has a market capitalization of $25.74 billion, a PE ratio of 17.71, a PEG ratio of 1.15 and a beta of 1.43. Tapestry, Inc. has a 1-year low of $93.00 and a 1-year high of $164.80. The company has a current ratio of 1.75, a quick ratio of 1.25 and a debt-to-equity ratio of 3.44.

Tapestry (NYSE:TPR) last issued its quarterly earnings data on Thursday, August 13th. The luxury accessories retailer reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion. Tapestry had a net margin of 19.09% and a return on equity of 254.95%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.04 EPS. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. As a group, equities analysts forecast that Tapestry, Inc. will post 7.88 EPS for the current year.

Tapestry Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, September 4th will be issued a dividend of $0.4625 per share. This is a boost from Tapestry’s previous quarterly dividend of $0.40. This represents a $1.85 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, September 4th. Tapestry’s dividend payout ratio is presently 51.28%.

Insider Transactions at Tapestry

In other Tapestry news, CEO Todd Kahn sold 19,557 shares of the company’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 completion of the sale, the chief executive officer owned 123,258 shares in the company, valued at $17,258,585.16. This represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.32% of the company’s stock.

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.