Kesler Norman & Wride LLC Purchases 6,179 Shares of Tapestry, Inc. $TPR

Kesler Norman & Wride LLC boosted its holdings in shares of Tapestry, Inc. (NYSE:TPR) by 208.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,144 shares of the luxury accessories retailer’s stock after buying an additional 6,179 shares during the period. Kesler Norman & Wride LLC’s holdings in Tapestry were worth $1,290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TPR. Bessemer Group Inc. lifted its holdings in shares of Tapestry by 8.7% during the 1st quarter. Bessemer Group Inc. now owns 7,245 shares of the luxury accessories retailer’s stock worth $1,023,000 after acquiring an additional 582 shares during the period. SteelPeak Wealth LLC increased its stake in Tapestry by 41.9% in the first quarter. SteelPeak Wealth LLC now owns 20,705 shares of the luxury accessories retailer’s stock valued at $2,922,000 after acquiring an additional 6,109 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Tapestry by 221.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 46,470 shares of the luxury accessories retailer’s stock valued at $6,708,000 after acquiring an additional 32,032 shares during the period. Independent Financial Group LLC bought a new stake in Tapestry in the first quarter valued at about $242,000. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new position in Tapestry in the first quarter worth about $27,966,000. Institutional investors own 90.77% of the company’s stock.

Insider Buying and Selling at Tapestry

In other Tapestry news, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction on 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 completion of the transaction, the chief executive officer owned 123,258 shares in the company, valued at approximately $17,258,585.16. The trade was a 13.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 652,434 shares in the company, valued at approximately $86,701,954.26. This represents a 4.08% decrease in their position. 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. Insiders own 1.32% of the company’s stock.

Tapestry Price Performance

NYSE:TPR opened at $141.43 on Friday. The firm has a market cap of $28.57 billion, a PE ratio of 45.33, a price-to-earnings-growth ratio of 1.32 and a beta of 1.43. Tapestry, Inc. has a 12 month low of $92.62 and a 12 month high of $161.97. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. The company’s 50-day moving average price is $141.43 and its two-hundred day moving average price is $142.04.

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

Tapestry Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were issued 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 dividend payout ratio (DPR) is currently 51.28%.

Wall Street Analyst Weigh In

A number of research analysts have commented on TPR shares. JPMorgan Chase & Co. raised their price target on shares of Tapestry from $200.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Wall Street Zen raised Tapestry from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Evercore set a $175.00 target price on Tapestry in a research report on Friday, May 8th. Raymond James Financial reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Tapestry in a research note on Thursday, April 23rd. Finally, Barclays upped their price target on Tapestry from $179.00 to $182.00 and gave the company an “overweight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $170.06.

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.