Whittier Trust Co. of Nevada Inc. Purchases 15,999 Shares of Tapestry, Inc. $TPR

Whittier Trust Co. of Nevada Inc. boosted its position in Tapestry, Inc. (NYSE:TPR) by 159,990.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,009 shares of the luxury accessories retailer’s stock after purchasing an additional 15,999 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Tapestry were worth $2,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in TPR. Acumen Wealth Advisors LLC purchased a new position in shares of Tapestry during the fourth quarter worth about $28,000. Triumph Capital Management purchased a new stake in Tapestry during the third quarter valued at about $29,000. Steph & Co. lifted its stake 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 purchasing an additional 130 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Tapestry during the 4th quarter valued at about $31,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in shares of Tapestry during the 4th quarter valued at about $32,000. Institutional investors own 90.77% of the company’s stock.

Tapestry Trading Up 1.0%

Tapestry stock traded up $1.50 during trading hours on Tuesday, reaching $147.00. The stock had a trading volume of 242,280 shares, compared to its average volume of 2,364,023. The company has a fifty day simple moving average of $141.67 and a 200-day simple moving average of $141.33. Tapestry, Inc. has a 52 week low of $90.67 and a 52 week high of $161.97. The stock has a market cap of $29.70 billion, a PE ratio of 47.11, a PEG ratio of 1.34 and a beta of 1.43. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27.

Tapestry (NYSE:TPR) last issued its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.36. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the company earned $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Analysts forecast that Tapestry, Inc. will post 6.95 EPS for the current fiscal year.

Tapestry Dividend Announcement

The business also recently disclosed 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 of this dividend was Friday, June 5th. Tapestry’s payout ratio is presently 51.28%.

Insider Buying and Selling at Tapestry

In other news, CEO Joanne C. Crevoiserat sold 27,776 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total value 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction that occurred on 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 transaction, the chief executive officer owned 123,258 shares of the company’s stock, valued at $17,258,585.16. The trade was a 13.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TPR has been the subject of several research reports. UBS Group upped their target price on Tapestry from $187.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Tapestry from $200.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $180.00 price objective on shares of Tapestry in a research note on Tuesday, June 2nd. BTIG Research reaffirmed a “buy” rating and set a $180.00 target price on shares of Tapestry in a report on Wednesday, June 10th. Finally, Citigroup lifted their target price on shares of Tapestry from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Two equities research 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $169.88.

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.