Concurrent Investment Advisors LLC Has $1.18 Million Stock Holdings in Tapestry, Inc. $TPR

Key Points

• Concurrent Investment Advisors boosted its position in Tapestry by 373.9% in Q4 and now owns 9,227 shares worth about $1.18 million.
• Tapestry posted a Q result that beat expectations — $2.69 EPS vs. $2.20 consensus and $2.50B revenue (up 14%) — and set FY2026 guidance of 6.40–6.45 EPS
• Significant insider selling occurred recently: the CEO sold 48,795 shares and insiders sold a total of 164,956 shares (~$25.3 million) over the past 90 days, with insiders now owning 1.32% of the company.

Concurrent Investment Advisors LLC increased its position in shares of Tapestry, Inc. (NYSE:TPR - Free Report) by 373.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,227 shares of the luxury accessories retailer's stock after acquiring an additional 7,280 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Tapestry were worth $1,179,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TPR. Cloud Capital Management LLC acquired a new position in shares of Tapestry during the third quarter valued at $26,000. Triumph Capital Management bought a new stake in Tapestry in the third quarter valued at about $29,000. 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 purchasing an additional 130 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in Tapestry in the fourth quarter valued at about $31,000. Finally, Sound Income Strategies LLC increased its holdings in Tapestry by 157.4% in the fourth quarter. Sound Income Strategies LLC now owns 314 shares of the luxury accessories retailer's stock valued at $41,000 after purchasing an additional 192 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company's stock.

Tapestry Stock Up 2.4%

Shares of Tapestry stock opened at $144.98 on Friday. Tapestry, Inc. has a 1 year low of $70.40 and a 1 year high of $161.97. The business has a 50-day moving average of $147.31 and a two-hundred day moving average of $131.52. The company has a market capitalization of $29.35 billion, a P/E ratio of 59.91, a price-to-earnings-growth ratio of 1.70 and a beta of 1.59. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10.

Tapestry (NYSE:TPR - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the company earned $2.00 earnings per share. The company's revenue for the quarter was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, equities analysts predict that Tapestry, Inc. will post 6.45 EPS for the current year.

Tapestry Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 6th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, March 6th. Tapestry's dividend payout ratio is 66.12%.

Wall Street Analyst Weigh In

TPR has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $166.00 price objective on Tapestry in a report on Friday, February 6th. Citigroup upped their price objective on Tapestry from $165.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday. Wall Street Zen downgraded Tapestry from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 11th. BNP Paribas Exane initiated coverage on Tapestry in a report on Friday, February 13th. They issued an "outperform" rating and a $176.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on Tapestry from $142.00 to $165.00 and gave the company an "overweight" rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $153.89.

Insider Buying and Selling

In other Tapestry news, VP Manesh Dadlani sold 2,147 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $153.47, for a total value of $329,500.09. Following the completion of the sale, the vice president directly owned 18,475 shares in the company, valued at $2,835,358.25. This represents a 10.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total value of $7,556,881.65. Following the completion of the sale, the chief executive officer owned 671,193 shares of the company's stock, valued at $103,947,659.91. This trade represents a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 164,956 shares of company stock valued at $25,297,262. 1.32% of the stock is owned by company insiders.

About Tapestry

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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