NewEdge Advisors LLC Has $9.85 Million Stake in Tapestry, Inc. $TPR

Key Points

• NewEdge Advisors increased its Tapestry stake by 45.7% in the first quarter, bringing its holdings to 69,817 shares valued at approximately $9.85 million. Institutional investors collectively own 90.77% of Tapestry.
• Tapestry reported quarterly earnings of $1.66 per share, beating estimates of $1.30, while revenue rose 21.2% year over year to $1.92 billion. Analysts expect full-year earnings of $6.98 per share.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $175.44, although two CEOs recently sold shares under pre-arranged trading plans.

NewEdge Advisors LLC lifted its holdings in shares of Tapestry, Inc. (NYSE:TPR - Free Report) by 45.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,817 shares of the luxury accessories retailer's stock after purchasing an additional 21,883 shares during the quarter. NewEdge Advisors LLC's holdings in Tapestry were worth $9,852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Eurizon Capital SGR S.p.A. bought a new stake in shares of Tapestry during the 4th quarter worth $8,109,000. Norges Bank acquired a new stake in Tapestry during the 4th quarter worth approximately $345,349,000. Keystone Investors PTE Ltd. lifted its holdings in shares of Tapestry by 17.4% during the fourth quarter. Keystone Investors PTE Ltd. now owns 62,622 shares of the luxury accessories retailer's stock worth $8,001,000 after purchasing an additional 9,303 shares during the period. SEB Asset Management AB bought a new position in Tapestry during the 1st quarter worth $59,525,000. Finally, North Dakota State Investment Board acquired a new position in Tapestry during the 4th quarter worth about $2,417,000. Institutional investors own 90.77% of the company's stock.

Tapestry Price Performance

TPR stock opened at $162.46 on Monday. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27. The company's 50-day moving average is $145.71 and its 200-day moving average is $144.14. The stock has a market capitalization of $32.82 billion, a PE ratio of 52.07, a price-to-earnings-growth ratio of 1.47 and a beta of 1.43. Tapestry, Inc. has a 1 year low of $92.62 and a 1 year high of $163.94.

Tapestry (NYSE:TPR - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.36. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.79 billion. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The business's revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 earnings per share. Equities research analysts expect that Tapestry, Inc. will post 6.98 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TPR shares. UBS Group increased their price target on Tapestry from $187.00 to $230.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. Zacks Research cut Tapestry from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their target price on shares of Tapestry from $205.00 to $211.00 and gave the company an "overweight" rating in a research report on Tuesday, August 4th. Sanford C. Bernstein restated an "outperform" rating and set a $180.00 price target on shares of Tapestry in a report on Tuesday, June 2nd. Finally, Morgan Stanley restated an "overweight" rating and issued a $164.00 price target on shares of Tapestry in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Tapestry currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.44.

Trending Headlines about Tapestry

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Higher analyst price target: Telsey Advisory Group raised its Tapestry price target from $160 to $175 and maintained an “outperform” rating, implying additional upside from current levels. Benzinga report
• Positive Sentiment: Positive earnings expectations: Zacks said Tapestry has factors that could support an earnings beat in next week’s quarterly release, while another analysis highlights the potential for continued earnings growth. Strong results could reinforce the stock’s recent momentum. Zacks earnings expectations
• Positive Sentiment: Long-term growth appeal: Zacks identifies TPR as a potential long-term growth stock, supported by its style-score framework and expectations for market-beating performance. Zacks long-term growth analysis
• Positive Sentiment: AI initiatives may improve execution: Reports describe Tapestry’s efforts to build internal support for AI experimentation. Applying AI across areas such as customer engagement, merchandising and operations could create longer-term efficiency and brand advantages. Wall Street Journal AI culture article
• Neutral Sentiment: Retail backdrop remains supportive: Telsey’s Dana Telsey favors Tapestry alongside Ralph Lauren and off-price retailers, citing resilient consumers and product “newness.” The view is supportive but reflects broader retail optimism rather than a new company-specific result. Barron's retail analysis
• Neutral Sentiment: Near-term catalyst and risk: Tapestry is expected to report earnings next Thursday. Investors will watch sales, margins and guidance to determine whether the optimistic forecasts are justified. Earnings announcement article

Insider Activity

In related news, CEO Joanne C. Crevoiserat sold 27,776 shares of the firm's stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total value of $3,691,152.64. Following the transaction, the chief executive officer owned 652,434 shares of the company's stock, valued at approximately $86,701,954.26. This trade represents a 4.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total value of $2,738,371.14. Following the sale, the chief executive officer directly owned 123,258 shares of the company's stock, valued at $17,258,585.16. This represents a 13.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.32% of the stock is currently owned by company insiders.

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.

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