Tapestry, Inc. $TPR Shares Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC lifted its holdings in shares of Tapestry, Inc. (NYSE:TPR) by 47,250.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,735 shares of the luxury accessories retailer’s stock after acquiring an additional 4,725 shares during the period. Provenance Wealth Advisors LLC’s holdings in Tapestry were worth $545,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Cetera Trust Company N.A purchased a new position in Tapestry in the second quarter valued at approximately $26,000. GK Wealth Management LLC purchased a new stake in shares of Tapestry during the 3rd quarter worth approximately $28,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Tapestry during the 2nd quarter worth approximately $31,000. Virtus Advisers LLC acquired a new position in shares of Tapestry in the 2nd quarter valued at $32,000. Finally, Signature Equity Partners LLC boosted its holdings in shares of Tapestry by 1,516.7% in the 3rd quarter. Signature Equity Partners LLC now owns 291 shares of the luxury accessories retailer’s stock valued at $34,000 after buying an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Tapestry Price Performance

Shares of NYSE TPR opened at $134.29 on Friday. The stock has a market cap of $26.78 billion, a P/E ratio of 18.42, a P/E/G ratio of 1.58 and a beta of 1.44. Tapestry, Inc. has a twelve month low of $93.00 and a twelve month high of $164.80. The stock has a 50 day moving average of $117.21 and a two-hundred day moving average of $136.93. The company has a current ratio of 1.75, a quick ratio of 1.25 and a debt-to-equity ratio of 3.44.

Tapestry (NYSE:TPR) last announced its earnings results on Thursday, November 5th. The luxury accessories retailer reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.26. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. Tapestry had a net margin of 19.09% and a return on equity of 254.95%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $1.38 earnings per share. On average, research analysts forecast that Tapestry, Inc. will post 7.95 earnings per share for the current year.

Tapestry Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Friday, December 4th will be paid a dividend of $0.4625 per share. The ex-dividend date is Friday, December 4th. This represents a $1.85 dividend on an annualized basis and a yield of 1.4%. Tapestry’s dividend payout ratio is currently 25.38%.

Insiders Place Their Bets

In other Tapestry news, insider Denise Kulikowsky sold 5,810 shares of Tapestry stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $115.38, for a total value of $670,357.80. Following the transaction, the insider directly owned 21,136 shares in the company, valued at approximately $2,438,671.68. The trade was a 21.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 27,761 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $132.47, for a total transaction of $3,677,499.67. Following the completion of the sale, the chief executive officer directly owned 666,149 shares of the company’s stock, valued at $88,244,758.03. The trade was a 4.00% 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. 1.28% of the stock is owned by corporate insiders.

Key Tapestry News

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Fiscal Q1 adjusted EPS was $1.82, beating the $1.56 consensus estimate and rising from $1.38 a year earlier. Revenue increased 11.1% year over year to $1.89 billion, also ahead of expectations. Tapestry Q1 results and outlook
• Positive Sentiment: Coach was a key growth driver, with strong demand among younger shoppers. Management also cited strength across regions and expanding margins, supporting investor confidence in the company’s brand momentum. Reuters report on Coach demand
• Positive Sentiment: Tapestry raised its fiscal 2027 full-year outlook after the strong start to the year and declared a dividend, adding to the positive earnings news. Tapestry raises outlook and declares dividend
• Neutral Sentiment: The upcoming holiday season is an important test of whether shopper resilience and Coach’s momentum can continue; management described U.S. consumers as resilient. Benzinga report on holiday-season outlook

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TPR shares. JPMorgan Chase & Co. increased their target price on shares of Tapestry from $205.00 to $211.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Barclays boosted their price target on shares of Tapestry from $182.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, August 14th. Robert W. Baird decreased their price objective on shares of Tapestry from $165.00 to $150.00 and set an “outperform” rating for the company in a research note on Tuesday, October 27th. BNP Paribas Exane raised their price objective on Tapestry from $185.00 to $187.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Finally, UBS Group dropped their price objective on Tapestry from $232.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $166.89.

About Tapestry

Tapestry, Inc is a global house of modern luxury accessories and lifestyle brands. The company’s portfolio includes Coach, known for handbags, leather goods, footwear, apparel and accessories; Kate Spade New York, which offers handbags, accessories, apparel, footwear, home products and related lifestyle merchandise; and Stuart Weitzman, a designer and manufacturer of women’s footwear.

Tapestry sells its products through company-operated stores, outlet locations, e-commerce websites, wholesale partners and select distributors.