Tapestry, Inc. $TPR Shares Acquired by Florida Financial Advisors LLC

Florida Financial Advisors LLC increased its stake in Tapestry, Inc. (NYSE:TPR) by 23.9% in the first quarter, HoldingsChannel.com reports. The firm owned 18,571 shares of the luxury accessories retailer’s stock after acquiring an additional 3,585 shares during the quarter. Florida Financial Advisors LLC’s holdings in Tapestry were worth $2,621,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TPR. Acumen Wealth Advisors LLC purchased a new stake in Tapestry during the fourth quarter worth about $28,000. Steph & Co. increased its holdings in Tapestry by 128.7% in the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after buying an additional 130 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Tapestry in the fourth quarter valued at about $31,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of Tapestry during the 4th quarter valued at approximately $32,000. Finally, Triumph Capital Management purchased a new stake in shares of Tapestry during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds 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 the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total value of $2,738,371.14. Following the transaction, the chief executive officer directly owned 123,258 shares in the company, valued at approximately $17,258,585.16. This represents a 13.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry stock in a transaction dated 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 sale, the chief executive officer owned 652,434 shares of the company’s stock, valued at approximately $86,701,954.26. This trade represents a 4.08% 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. 1.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TPR. JPMorgan Chase & Co. upped their price target on Tapestry from $200.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Evercore set a $175.00 target price on Tapestry in a report on Friday, May 8th. Morgan Stanley restated an “overweight” rating and issued a $164.00 price target on shares of Tapestry in a research report on Monday, July 6th. UBS Group raised their price target on Tapestry from $187.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $180.00 price target on shares of Tapestry in a research note on Tuesday, June 2nd. Two 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $170.06.

Tapestry Trading Down 0.3%

Shares of TPR opened at $141.06 on Tuesday. 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, Inc. has a 1-year low of $92.62 and a 1-year high of $161.97. The stock has a market cap of $28.50 billion, a price-to-earnings ratio of 45.21, a price-to-earnings-growth ratio of 1.30 and a beta of 1.43. The firm has a 50 day simple moving average of $141.58 and a 200-day simple moving average of $142.21.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, beating 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%.Tapestry’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Equities analysts forecast that Tapestry, Inc. will post 6.96 EPS for the current fiscal year.

Tapestry Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, June 5th. Tapestry’s dividend payout ratio is currently 51.28%.

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.