Highland Capital Management LLC Purchases 14,758 Shares of Tapestry, Inc. $TPR

Key Points

• Highland Capital Management boosted its stake in Tapestry by 604.8% in Q4, buying 14,758 shares to hold 17,198 shares valued at about $2.197 million.
• Tapestry beat Q4 estimates with $2.69 EPS vs. $2.20 expected and $2.50B revenue (up 14%), and set FY2026 guidance of 6.400–6.450 EPS versus analysts' ~6.46 forecast.
• Insiders sold a total of 164,956 shares (~$25.3M) last quarter—including the CFO's 44,290-share sale—while institutional ownership is 90.77% and analysts hold a consensus "Moderate Buy" with a $153.89 target.

Highland Capital Management LLC increased its position in Tapestry, Inc. (NYSE:TPR - Free Report) by 604.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 17,198 shares of the luxury accessories retailer's stock after buying an additional 14,758 shares during the period. Highland Capital Management LLC's holdings in Tapestry were worth $2,197,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TPR. Northwest Wealth Management LLC boosted its holdings in shares of Tapestry by 3.4% during the 4th quarter. Northwest Wealth Management LLC now owns 2,462 shares of the luxury accessories retailer's stock valued at $315,000 after purchasing an additional 82 shares during the last quarter. Fulton Bank N.A. boosted its holdings in shares of Tapestry by 2.8% during the 4th quarter. Fulton Bank N.A. now owns 3,166 shares of the luxury accessories retailer's stock valued at $405,000 after purchasing an additional 87 shares during the last quarter. CVA Family Office LLC boosted its holdings in shares of Tapestry by 23.4% during the 4th quarter. CVA Family Office LLC now owns 469 shares of the luxury accessories retailer's stock valued at $60,000 after purchasing an additional 89 shares during the last quarter. Clark Financial Services Group Inc. BD boosted its holdings in shares of Tapestry by 1.8% during the 4th quarter. Clark Financial Services Group Inc. BD now owns 5,701 shares of the luxury accessories retailer's stock valued at $733,000 after purchasing an additional 103 shares during the last quarter. Finally, Essex Financial Services Inc. boosted its holdings in shares of Tapestry by 3.5% during the 3rd quarter. Essex Financial Services Inc. now owns 3,324 shares of the luxury accessories retailer's stock valued at $376,000 after purchasing an additional 113 shares during the last quarter. Institutional investors own 90.77% of the company's stock.

Tapestry Stock Up 1.2%

Shares of NYSE:TPR opened at $141.35 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. Tapestry, Inc. has a 12 month low of $71.99 and a 12 month high of $161.97. The company has a 50-day moving average price of $147.00 and a 200 day moving average price of $131.92. The company has a market cap of $28.62 billion, a price-to-earnings ratio of 58.41, a PEG ratio of 1.67 and a beta of 1.45.

Tapestry (NYSE:TPR - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.49. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the firm earned $2.00 EPS. The firm'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 research analysts predict that Tapestry, Inc. will post 6.46 earnings per share for the current year.

Tapestry Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have commented on TPR. Barclays set a $179.00 price objective on shares of Tapestry and gave the company an "overweight" rating in a report on Friday, February 6th. BTIG Research increased their price objective on shares of Tapestry from $175.00 to $180.00 and gave the company a "buy" rating in a report on Friday, April 24th. Sanford C. Bernstein reissued an "outperform" rating and set a $170.00 price objective on shares of Tapestry in a report on Friday, February 6th. UBS Group increased their price objective on shares of Tapestry from $141.00 to $142.00 and gave the company a "neutral" rating in a report on Thursday, April 23rd. Finally, Robert W. Baird increased their price objective on shares of Tapestry from $160.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Tapestry currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.89.

Insider Transactions at Tapestry

In related news, CFO Scott A. Roe sold 44,290 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $152.62, for a total value of $6,759,539.80. Following the completion of the transaction, the chief financial officer owned 139,128 shares of the company's stock, valued at approximately $21,233,715.36. This trade represents a 24.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Denise Kulikowsky sold 9,166 shares of the firm's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the completion of the sale, the insider directly owned 26,942 shares of the company's stock, valued at approximately $4,192,714.04. The trade was a 25.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 164,956 shares of company stock worth $25,297,262 in the last quarter. Company insiders own 1.32% of the company's stock.

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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