22,006 Shares in Tapestry, Inc. $TPR Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC acquired a new stake in shares of Tapestry, Inc. (NYSE:TPR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 22,006 shares of the luxury accessories retailer's stock, valued at approximately $3,221,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Eurizon Capital SGR S.p.A. bought a new stake in shares of Tapestry in the 4th quarter valued at approximately $8,109,000. Norges Bank purchased a new position in shares of Tapestry in the 4th quarter worth approximately $345,349,000. Keystone Investors PTE Ltd. increased its position in shares of Tapestry by 17.4% during the 4th quarter. Keystone Investors PTE Ltd. now owns 62,622 shares of the luxury accessories retailer's stock valued at $8,001,000 after purchasing an additional 9,303 shares during the last quarter. SEB Asset Management AB bought a new position in shares of Tapestry during the 1st quarter valued at approximately $59,525,000. Finally, North Dakota State Investment Board purchased a new stake in Tapestry during the 4th quarter valued at $2,417,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Raymond James Financial restated an "outperform" rating and issued a $165.00 price target on shares of Tapestry in a research report on Thursday, April 23rd. Citigroup increased their target price on shares of Tapestry from $165.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. Evercore set a $175.00 target price on shares of Tapestry in a report on Friday, May 8th. Wall Street Zen cut shares of Tapestry from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, Morgan Stanley cut their price target on shares of Tapestry from $164.00 to $159.00 and set an "overweight" rating on the stock in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $175.12.

Trending Headlines about Tapestry

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

Insider Buying and Selling

In related news, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the completion of the sale, the chief executive officer owned 123,258 shares in the company, valued at $17,258,585.16. This trade represents a 13.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.32% of the stock is owned by corporate insiders.

Tapestry Stock Performance

Shares of Tapestry stock opened at $129.11 on Friday. The stock's fifty day moving average is $146.48 and its two-hundred day moving average is $144.63. The company has a market capitalization of $26.08 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.16 and a beta of 1.43. 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.

Tapestry (NYSE:TPR - Get Free Report) last released its earnings results on Thursday, August 13th. The luxury accessories retailer reported $1.32 earnings per share for the quarter, topping 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 business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm posted $1.04 earnings per share. The business's revenue was up 8.9% compared to the same quarter last year. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. As a group, analysts expect that Tapestry, Inc. will post 7.88 earnings per share for the current year.

Tapestry Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Friday, September 4th will be paid a $0.4625 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.85 annualized dividend and a yield of 1.4%. This is a boost from Tapestry's previous quarterly dividend of $0.40. Tapestry's payout ratio is 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.

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