Earned Wealth Advisors LLC Grows Stock Holdings in Tapestry, Inc. $TPR

Earned Wealth Advisors LLC boosted its holdings in Tapestry, Inc. (NYSE:TPR) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,304 shares of the luxury accessories retailer’s stock after buying an additional 116 shares during the period. Earned Wealth Advisors LLC’s holdings in Tapestry were worth $641,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of TPR. Simon Quick Advisors LLC purchased a new position in shares of Tapestry in the 2nd quarter worth about $241,000. Strs Ohio raised its holdings in Tapestry by 17.9% in the second quarter. Strs Ohio now owns 18,257 shares of the luxury accessories retailer’s stock valued at $1,603,000 after buying an additional 2,777 shares during the period. Amalgamated Bank lifted its position in Tapestry by 9.2% during the second quarter. Amalgamated Bank now owns 45,386 shares of the luxury accessories retailer’s stock valued at $3,985,000 after buying an additional 3,811 shares in the last quarter. SYM FINANCIAL Corp increased its position in shares of Tapestry by 5.6% in the second quarter. SYM FINANCIAL Corp now owns 8,612 shares of the luxury accessories retailer’s stock worth $756,000 after acquiring an additional 454 shares in the last quarter. Finally, United Capital Management of KS Inc. acquired a new position in shares of Tapestry during the 2nd quarter valued at $439,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insiders Place Their Bets

In related news, Director Alan Ka Ming Lau sold 11,320 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $106.19, for a total value of $1,202,070.80. Following the completion of the transaction, the director owned 8,153 shares of the company’s stock, valued at approximately $865,767.07. This trade represents a 58.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Manesh Dadlani sold 7,882 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $99.05, for a total value of $780,712.10. Following the completion of the sale, the vice president directly owned 21,098 shares of the company’s stock, valued at approximately $2,089,756.90. This trade represents a 27.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.32% of the company’s stock.

Wall Street Analyst Weigh In

TPR has been the subject of a number of recent research reports. UBS Group lowered their target price on Tapestry from $112.00 to $105.00 and set a “neutral” rating for the company in a research note on Friday, August 15th. The Goldman Sachs Group raised their price target on shares of Tapestry from $116.00 to $130.00 and gave the company a “buy” rating in a report on Monday, October 6th. Barclays increased their price target on Tapestry from $111.00 to $127.00 and gave the company an “overweight” rating in a report on Thursday, September 11th. Wells Fargo & Company increased their target price on Tapestry from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Evercore ISI dropped their price target on shares of Tapestry from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, August 15th. Eighteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Tapestry currently has an average rating of “Moderate Buy” and an average target price of $115.60.

Tapestry Price Performance

Shares of NYSE:TPR opened at $111.32 on Friday. Tapestry, Inc. has a 52 week low of $46.77 and a 52 week high of $118.56. The firm has a market capitalization of $23.04 billion, a P/E ratio of 176.70, a PEG ratio of 2.72 and a beta of 1.57. The firm’s 50 day moving average is $110.34 and its two-hundred day moving average is $95.41. The company has a current ratio of 1.87, a quick ratio of 1.31 and a debt-to-equity ratio of 2.77.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, August 14th. The luxury accessories retailer reported $1.04 EPS for the quarter, beating the consensus estimate of $1.02 by $0.02. Tapestry had a net margin of 2.61% and a return on equity of 68.02%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the company earned $0.92 EPS. Tapestry’s quarterly revenue was up 8.3% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS. Analysts anticipate that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, September 5th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.60 annualized dividend and a dividend yield of 1.4%. This is a boost from Tapestry’s previous quarterly dividend of $0.35. Tapestry’s dividend payout ratio is 253.97%.

Tapestry 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.