8,383 Shares in Tapestry, Inc. $TPR Purchased by Citizens & Northern Corp

Citizens & Northern Corp bought a new position in shares of Tapestry, Inc. (NYSE:TPR) in the 4th quarter, HoldingsChannel.com reports. The firm bought 8,383 shares of the luxury accessories retailer’s stock, valued at approximately $1,071,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TPR. Cloud Capital Management LLC purchased a new position in Tapestry during the third quarter worth about $26,000. Triumph Capital Management purchased a new position in Tapestry during the third quarter worth about $29,000. Steph & Co. grew its position in Tapestry by 128.7% during the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock worth $30,000 after buying an additional 130 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in Tapestry during the fourth quarter worth about $31,000. Finally, Sound Income Strategies LLC lifted its stake in Tapestry by 157.4% during the fourth quarter. Sound Income Strategies LLC now owns 314 shares of the luxury accessories retailer’s stock worth $41,000 after purchasing an additional 192 shares during the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on TPR. Barclays set a $179.00 price target on Tapestry and gave the stock an “overweight” rating in a research note on Friday, February 6th. TD Cowen reaffirmed a “buy” rating on shares of Tapestry in a research note on Tuesday, February 10th. Raymond James Financial reaffirmed an “outperform” rating and set a $165.00 price target on shares of Tapestry in a research note on Thursday. BNP Paribas Exane began coverage on Tapestry in a research note on Friday, February 13th. They set an “outperform” rating and a $176.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tapestry in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $153.06.

Tapestry Trading Up 0.2%

NYSE TPR opened at $146.46 on Friday. Tapestry, Inc. has a 1-year low of $66.64 and a 1-year high of $161.97. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. The stock has a 50-day moving average of $148.22 and a 200-day moving average of $130.45. The firm has a market cap of $29.65 billion, a PE ratio of 60.52, a price-to-earnings-growth ratio of 1.75 and a beta of 1.59.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the previous year, the company posted $2.00 EPS. Tapestry’s revenue for the quarter was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, sell-side analysts forecast that Tapestry, Inc. will post 6.45 EPS for the current year.

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 6th were paid a $0.40 dividend. 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, March 6th. Tapestry’s payout ratio is 66.12%.

Insider Buying and Selling

In other news, CEO Joanne C. Crevoiserat sold 48,795 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total value of $7,556,881.65. Following the completion of the sale, the chief executive officer owned 671,193 shares of the company’s stock, valued at approximately $103,947,659.91. The trade was a 6.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas Greco sold 14,245 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $154.44, for a total value of $2,199,997.80. Following the completion of the sale, the director directly owned 21,302 shares of the company’s stock, valued at approximately $3,289,880.88. This trade represents a 40.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 164,956 shares of company stock worth $25,297,262 in the last 90 days. 1.32% of the stock is currently owned by company insiders.

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.