Tapestry, Inc. $TPR Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its holdings in Tapestry, Inc. (NYSE:TPR) by 95.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,465 shares of the luxury accessories retailer’s stock after acquiring an additional 11,961 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Tapestry were worth $3,126,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Northwest Wealth Management LLC increased its position in Tapestry by 3.4% in the 4th quarter. Northwest Wealth Management LLC now owns 2,462 shares of the luxury accessories retailer’s stock valued at $315,000 after acquiring an additional 82 shares during the period. Fulton Bank N.A. increased its position in Tapestry by 2.8% in the 4th quarter. Fulton Bank N.A. now owns 3,166 shares of the luxury accessories retailer’s stock valued at $405,000 after acquiring an additional 87 shares during the period. CVA Family Office LLC increased its position in Tapestry by 23.4% in the 4th quarter. CVA Family Office LLC now owns 469 shares of the luxury accessories retailer’s stock valued at $60,000 after acquiring an additional 89 shares during the period. Clark Financial Services Group Inc. BD increased its position in Tapestry by 1.8% in the 4th quarter. Clark Financial Services Group Inc. BD now owns 5,701 shares of the luxury accessories retailer’s stock valued at $733,000 after acquiring an additional 103 shares during the period. Finally, Essex Financial Services Inc. increased its position in Tapestry by 3.5% in the 3rd quarter. Essex Financial Services Inc. now owns 3,324 shares of the luxury accessories retailer’s stock valued at $376,000 after acquiring an additional 113 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Tapestry Stock Up 0.1%

Shares of TPR stock opened at $138.65 on Tuesday. Tapestry, Inc. has a 1 year low of $76.29 and a 1 year high of $161.97. The stock has a market cap of $28.01 billion, a PE ratio of 44.44, a price-to-earnings-growth ratio of 1.41 and a beta of 1.45. The business’s fifty day moving average is $142.25 and its 200-day moving average is $134.03. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.27 and a current ratio of 1.84.

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

Tapestry Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Tapestry’s dividend payout ratio (DPR) is 51.28%.

Wall Street Analyst Weigh In

Several research firms recently commented on TPR. Citigroup raised their target price on Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Barclays set a $179.00 target price on Tapestry and gave the company an “overweight” rating in a research report on Friday, February 6th. BNP Paribas Exane began coverage on Tapestry in a research report on Friday, February 13th. They issued an “outperform” rating and a $176.00 target price on the stock. The Goldman Sachs Group set a $166.00 target price on Tapestry in a research report on Friday, February 6th. Finally, Argus set a $165.00 target price on Tapestry in a research report on Thursday, March 12th. Two 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. According to data from MarketBeat.com, Tapestry currently has an average rating of “Moderate Buy” and an average target price of $160.67.

Insider Activity

In other news, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the transaction, the chief executive officer directly owned 652,434 shares in the company, valued at approximately $86,701,954.26. This trade represents a 4.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.32% of the company’s stock.

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.