Bridgewater Advisors Inc. Buys New Stake in Tapestry, Inc. $TPR

Bridgewater Advisors Inc. purchased a new position in shares of Tapestry, Inc. (NYSE:TPR) during the second quarter, HoldingsChannel.com reports. The fund purchased 5,808 shares of the luxury accessories retailer’s stock, valued at approximately $877,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Acumen Wealth Advisors LLC purchased a new position in Tapestry during the 4th quarter worth $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Tapestry during the 4th quarter valued at about $32,000. Triumph Capital Management purchased a new stake in Tapestry in the third quarter valued at about $29,000. Cornerstone Planning Group LLC raised its stake in Tapestry by 2,720.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 282 shares of the luxury accessories retailer’s stock valued at $36,000 after buying an additional 272 shares during the last quarter. Finally, DV Equities LLC acquired a new stake in Tapestry in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Insider Activity at Tapestry

In other news, CEO Todd Kahn sold 19,557 shares of the stock in a transaction on 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 sale, the chief executive officer owned 123,258 shares in the company, valued at $17,258,585.16. This represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.32% of the stock is owned by company insiders.

Tapestry Trading Up 0.6%

Shares of NYSE:TPR opened at $129.11 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.75 and a debt-to-equity ratio of 3.44. Tapestry, Inc. has a 52-week low of $93.00 and a 52-week high of $164.80. The stock has a market cap of $26.08 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.16 and a beta of 1.43. The business has a 50-day moving average price of $146.48 and a 200-day moving average price of $144.63.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, August 13th. The luxury accessories retailer reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. Tapestry had a return on equity of 254.95% and a net margin of 19.09%.The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the firm earned $1.04 earnings per share. Tapestry’s revenue for the quarter was up 8.9% on a year-over-year basis. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. Equities analysts predict that Tapestry, Inc. will post 7.88 EPS for the current year.

Tapestry Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Friday, September 4th will be issued a $0.4625 dividend. This is an increase from Tapestry’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.85 annualized dividend and a dividend yield of 1.4%. Tapestry’s payout ratio is currently 51.28%.

Analyst Ratings Changes

TPR has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Tapestry from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Wells Fargo & Company lowered their target price on shares of Tapestry from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday. UBS Group upped their price target on shares of Tapestry from $230.00 to $232.00 and gave the company a “buy” rating in a research note on Friday. Raymond James Financial reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Tapestry in a report on Thursday, April 23rd. Finally, Telsey Advisory Group lifted their price objective on shares of Tapestry from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $175.12.

Tapestry News Roundup

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Tapestry reported fiscal fourth-quarter EPS of $1.32, above the $1.28 consensus estimate, while revenue of $1.88 billion also topped expectations. Revenue increased 8.9% year over year, and earnings rose from $1.04 per share in the prior-year quarter. Tapestry fiscal 2026 fourth-quarter and full-year results
• Positive Sentiment: Coach continued to drive growth, supported by younger shoppers, higher average unit retail prices, unit expansion and international growth. Management said the brand’s momentum could remain durable through fiscal 2027, although growth may become more measured in the second half. Coach growth durability
• Positive Sentiment: The company raised its quarterly dividend 15.6% to $0.4625 per share, payable September 21 to shareholders of record September 4. Tapestry also plans approximately $1.7 billion in shareholder returns, supporting the stock’s income and capital-return appeal. Fiscal 2027 outlook and shareholder returns
• Neutral Sentiment: Fiscal 2027 EPS guidance of $7.80 to $7.90 is broadly in line with the roughly $7.82 analyst consensus, suggesting continued profit growth but limited upside relative to expectations. Tapestry earnings estimate beat
• Negative Sentiment: Management projected fiscal 2027 revenue of $8.4 billion to $8.5 billion, slightly below the $8.5 billion consensus. Investors viewed the outlook as disappointing after the quarterly beat, particularly because Kate Spade’s recovery is taking longer and tariff pressure remains a risk. Tapestry forecasts weak annual sales

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.