Precision Wealth Strategies LLC Makes New Investment in Tapestry, Inc. $TPR

Precision Wealth Strategies LLC acquired a new position in shares of Tapestry, Inc. (NYSE:TPR) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,076 shares of the luxury accessories retailer’s stock, valued at approximately $1,140,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TPR. Eurizon Capital SGR S.p.A. purchased a new stake in Tapestry during the fourth quarter valued at $8,109,000. Norges Bank purchased a new position in shares of Tapestry in the 4th quarter worth $345,349,000. Keystone Investors PTE Ltd. grew its stake in shares of Tapestry by 17.4% in the 4th quarter. Keystone Investors PTE Ltd. now owns 62,622 shares of the luxury accessories retailer’s stock worth $8,001,000 after buying an additional 9,303 shares in the last quarter. SteelPeak Wealth LLC bought a new stake in shares of Tapestry in the 4th quarter worth about $1,865,000. Finally, Aberdeen Group plc increased its holdings in shares of Tapestry by 34.7% in the 4th quarter. Aberdeen Group plc now owns 47,573 shares of the luxury accessories retailer’s stock worth $6,078,000 after buying an additional 12,251 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 123,258 shares in the company, valued at approximately $17,258,585.16. This trade represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s stock in a transaction on 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. 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 insiders.

Analyst Upgrades and Downgrades

TPR has been the subject of a number of analyst reports. UBS Group increased their price target on shares of Tapestry from $187.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Morgan Stanley reissued an “overweight” rating and set a $164.00 price objective on shares of Tapestry in a research note on Monday, July 6th. Wall Street Zen upgraded Tapestry from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. BTIG Research reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Tapestry in a research note on Wednesday, June 10th. Finally, Weiss Ratings cut Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Tapestry currently has an average rating of “Moderate Buy” and an average price target of $170.06.

Tapestry Stock Performance

Shares of NYSE:TPR opened at $141.43 on Friday. The company has a market capitalization of $28.57 billion, a price-to-earnings ratio of 45.33, a PEG ratio of 1.30 and a beta of 1.43. Tapestry, Inc. has a 12 month low of $92.62 and a 12 month high of $161.97. The firm’s 50-day moving average is $141.43 and its 200 day moving average is $142.04. 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:TPR) last announced 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 net margin of 8.44% and a return on equity of 229.70%. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The firm’s quarterly 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. Research analysts predict that Tapestry, Inc. will post 6.96 EPS for the current year.

Tapestry Dividend Announcement

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

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.