Sigma Planning Corp Acquires Shares of 6,354 Tapestry, Inc. $TPR

Sigma Planning Corp acquired a new position in shares of Tapestry, Inc. (NYSE:TPR) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,354 shares of the luxury accessories retailer’s stock, valued at approximately $897,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Hillsdale Investment Management Inc. increased its position in Tapestry by 9.0% during the first quarter. Hillsdale Investment Management Inc. now owns 10,900 shares of the luxury accessories retailer’s stock worth $1,538,000 after acquiring an additional 900 shares during the period. Hartford Funds Management Co LLC bought a new stake in Tapestry in the 1st quarter valued at about $296,000. Calamos Advisors LLC acquired a new position in shares of Tapestry during the 1st quarter worth approximately $3,238,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Tapestry by 36.0% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,595 shares of the luxury accessories retailer’s stock worth $507,000 after purchasing an additional 952 shares in the last quarter. Finally, Bryn Mawr Trust Advisors LLC increased its holdings in shares of Tapestry by 4.0% during the first quarter. Bryn Mawr Trust Advisors LLC now owns 3,037 shares of the luxury accessories retailer’s stock worth $429,000 after purchasing an additional 117 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Evercore set a $175.00 price target on Tapestry in a research note on Friday, May 8th. Morgan Stanley restated an “overweight” rating and set a $164.00 price objective on shares of Tapestry in a research note on Monday, July 6th. Weiss Ratings cut Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. upped their target price on Tapestry from $200.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. Finally, Wall Street Zen upgraded Tapestry from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $170.06.

Insider Buying and Selling at Tapestry

In other Tapestry news, CEO Todd Kahn sold 19,557 shares of Tapestry 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 transaction, the chief executive officer owned 123,258 shares in the company, valued at $17,258,585.16. The trade was a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total value of $3,691,152.64. Following the transaction, the chief executive officer directly owned 652,434 shares of the company’s stock, valued at approximately $86,701,954.26. The trade was a 4.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is owned by corporate insiders.

Tapestry Stock Performance

NYSE TPR opened at $141.43 on Friday. The firm’s 50 day simple moving average is $141.43 and its 200 day simple moving average is $142.04. The firm has a market capitalization of $28.57 billion, a price-to-earnings ratio of 45.33, a P/E/G ratio of 1.30 and a beta of 1.43. 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, Inc. has a 1 year low of $92.62 and a 1 year high of $161.97.

Tapestry (NYSE:TPR) last announced its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.30 by $0.36. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.79 billion. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The company’s revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, research analysts expect that Tapestry, Inc. will post 6.96 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

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

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.