Kestra Investment Management LLC Has $1.77 Million Stock Holdings in Tapestry, Inc. $TPR

Key Points

• Kestra Investment Management LLC increased its stake in Tapestry, Inc. by 16.5%, owning 25,075 shares worth $1,766,000 as of the latest SEC filing.
• Tapestry reported earnings of $1.04 per share, exceeding the consensus estimate, and announced a quarterly dividend of $0.40, marking an increase from $0.35.
• Seventeen analysts rate Tapestry shares as a Buy, with price targets suggesting potential upsides, including a target increase to $125.00 by Telsey Advisory Group.

Kestra Investment Management LLC boosted its stake in Tapestry, Inc. (NYSE:TPR - Free Report) by 16.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,075 shares of the luxury accessories retailer's stock after buying an additional 3,545 shares during the period. Kestra Investment Management LLC's holdings in Tapestry were worth $1,766,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Harbour Investments Inc. raised its holdings in Tapestry by 120.1% during the first quarter. Harbour Investments Inc. now owns 361 shares of the luxury accessories retailer's stock worth $25,000 after purchasing an additional 197 shares in the last quarter. Greenline Partners LLC acquired a new position in shares of Tapestry during the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Tapestry during the 1st quarter valued at $29,000. Opal Wealth Advisors LLC bought a new stake in shares of Tapestry in the 1st quarter worth $35,000. Finally, MorganRosel Wealth Management LLC acquired a new stake in shares of Tapestry in the first quarter valued at $35,000. Institutional investors and hedge funds own 90.77% of the company's stock.

Insider Buying and Selling at Tapestry

In other news, VP Manesh Dadlani sold 7,882 shares of the company's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $99.05, for a total value of $780,712.10. Following the transaction, the vice president owned 21,098 shares in the company, valued at $2,089,756.90. This represents a 27.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TPR shares. Wells Fargo & Company boosted their price target on shares of Tapestry from $100.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Morgan Stanley lifted their price objective on shares of Tapestry from $90.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Evercore ISI dropped their target price on shares of Tapestry from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Friday, August 15th. Telsey Advisory Group increased their target price on shares of Tapestry from $92.00 to $125.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Finally, Cowen restated a "buy" rating on shares of Tapestry in a research report on Thursday, August 7th. Seventeen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $105.47.

Tapestry Trading Up 0.3%

Shares of NYSE:TPR traded up $0.29 during mid-day trading on Tuesday, hitting $105.11. The stock had a trading volume of 2,857,180 shares, compared to its average volume of 4,701,410. The company's 50 day moving average is $102.85 and its 200-day moving average is $85.09. Tapestry, Inc. has a 12-month low of $40.32 and a 12-month high of $114.05. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.31 and a current ratio of 1.87. The company has a market cap of $21.88 billion, a PE ratio of 166.84, a P/E/G ratio of 2.64 and a beta of 1.52.

Tapestry (NYSE:TPR - Get Free Report) last announced its earnings results on Thursday, August 14th. The luxury accessories retailer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.02. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.67 billion. Tapestry had a net margin of 2.61% and a return on equity of 68.02%. The company's revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 EPS. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS. On average, sell-side analysts predict that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, September 5th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.60 annualized dividend and a yield of 1.5%. This is an increase from Tapestry's previous quarterly dividend of $0.35. Tapestry's dividend payout ratio (DPR) is currently 253.97%.

Tapestry Company Profile

Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's handbags; and women's accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.