Three Seasons Wealth LLC Takes $1.88 Million Position in Tapestry, Inc. $TPR

Three Seasons Wealth LLC purchased a new position in Tapestry, Inc. (NYSE:TPR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,621 shares of the luxury accessories retailer’s stock, valued at approximately $1,882,000.

Several other large investors also recently added to or reduced their stakes in TPR. First PREMIER Bank bought a new position in Tapestry in the 2nd quarter worth about $25,000. Vestor Capital LLC purchased a new position in shares of Tapestry during the second quarter worth about $27,000. Flaharty Asset Management LLC bought a new position in shares of Tapestry in the first quarter worth approximately $25,000. CVA Family Office LLC increased its position in shares of Tapestry by 224.8% in the second quarter. CVA Family Office LLC now owns 380 shares of the luxury accessories retailer’s stock worth $33,000 after purchasing an additional 263 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in Tapestry in the second quarter valued at approximately $37,000. Institutional investors own 90.77% of the company’s stock.

Tapestry Price Performance

TPR stock opened at $131.23 on Monday. The firm has a market cap of $26.86 billion, a P/E ratio of 117.17, a P/E/G ratio of 2.70 and a beta of 1.65. The firm’s fifty day moving average is $113.43 and its 200 day moving average is $106.73. Tapestry, Inc. has a 52 week low of $58.39 and a 52 week high of $131.40. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.93 and a current ratio of 1.52.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.13. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. Research analysts predict that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were given a $0.40 dividend. The ex-dividend date was Friday, December 5th. This represents a $1.60 annualized dividend and a yield of 1.2%. Tapestry’s payout ratio is presently 142.86%.

Tapestry announced that its board has authorized a share buyback program on Thursday, November 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the luxury accessories retailer to purchase up to 4.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TPR shares. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 price target on shares of Tapestry in a research note on Wednesday, December 17th. Evercore ISI lifted their price objective on shares of Tapestry from $125.00 to $129.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Robert W. Baird set a $140.00 target price on shares of Tapestry in a research report on Wednesday, December 17th. BTIG Research began coverage on Tapestry in a research report on Tuesday, October 14th. They set a “buy” rating and a $140.00 price target on the stock. Finally, Jefferies Financial Group lifted their price target on Tapestry from $135.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $122.00.

Insider Activity

In related news, CFO Scott A. Roe sold 18,794 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $104.85, for a total transaction of $1,970,550.90. Following the completion of the sale, the chief financial officer directly owned 148,149 shares in the company, valued at $15,533,422.65. This represents a 11.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider David E. Howard sold 25,029 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $102.50, for a total transaction of $2,565,472.50. Following the sale, the insider directly owned 55,354 shares of the company’s stock, valued at $5,673,785. The trade was a 31.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 115,485 shares of company stock valued at $12,034,058. Corporate insiders own 1.32% of the company’s stock.

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.