Tapestry, Inc. $TPR Stock Holdings Lifted by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its stake in shares of Tapestry, Inc. (NYSE:TPR) by 32.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,766 shares of the luxury accessories retailer’s stock after acquiring an additional 5,802 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Tapestry were worth $2,691,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. 1858 Wealth Management LLC increased its stake in Tapestry by 2.5% in the 2nd quarter. 1858 Wealth Management LLC now owns 3,835 shares of the luxury accessories retailer’s stock worth $337,000 after purchasing an additional 95 shares in the last quarter. Convergence Financial LLC raised its holdings in shares of Tapestry by 3.0% during the second quarter. Convergence Financial LLC now owns 3,386 shares of the luxury accessories retailer’s stock valued at $297,000 after acquiring an additional 98 shares during the period. Earned Wealth Advisors LLC lifted its position in shares of Tapestry by 1.6% in the 2nd quarter. Earned Wealth Advisors LLC now owns 7,304 shares of the luxury accessories retailer’s stock valued at $641,000 after acquiring an additional 116 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Tapestry by 19.7% in the 3rd quarter. Blue Trust Inc. now owns 741 shares of the luxury accessories retailer’s stock valued at $84,000 after acquiring an additional 122 shares in the last quarter. Finally, Wedmont Private Capital grew its position in Tapestry by 3.3% during the 3rd quarter. Wedmont Private Capital now owns 4,352 shares of the luxury accessories retailer’s stock worth $502,000 after purchasing an additional 139 shares in the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Joanne C. Crevoiserat sold 31,735 shares of Tapestry stock in a transaction on Friday, November 21st. The shares were sold at an average price of $105.31, for a total value of $3,342,012.85. Following the transaction, the chief executive officer owned 667,233 shares in the company, valued at $70,266,307.23. This trade represents a 4.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Scott A. Roe sold 18,794 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $104.85, for a total transaction of $1,970,550.90. Following the sale, the chief financial officer owned 148,149 shares of the company’s stock, valued at $15,533,422.65. This trade represents a 11.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 115,485 shares of company stock valued at $12,034,058. 1.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TPR has been the subject of a number of research reports. Morgan Stanley raised their price objective on Tapestry from $124.00 to $126.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Wall Street Zen cut shares of Tapestry from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Jefferies Financial Group boosted their price objective on shares of Tapestry from $135.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Raymond James Financial increased their target price on shares of Tapestry from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $150.00 target price on shares of Tapestry in a research note on Wednesday, December 17th. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $126.26.

Tapestry Stock Down 0.4%

Tapestry stock opened at $133.75 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 5.95. The company has a market capitalization of $27.37 billion, a P/E ratio of 119.42, a P/E/G ratio of 2.76 and a beta of 1.63. Tapestry, Inc. has a 1-year low of $58.39 and a 1-year high of $136.04. The firm’s fifty day simple moving average is $117.29 and its 200-day simple moving average is $110.35.

Tapestry (NYSE:TPR) last announced its quarterly earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.13. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Tapestry had a return on equity of 116.42% and a net margin of 3.77%.The business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. Sell-side analysts forecast that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry declared that its Board of Directors has approved a stock buyback program on Thursday, November 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the luxury accessories retailer to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Tapestry Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 5th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. Tapestry’s dividend payout ratio (DPR) is currently 142.86%.

Tapestry Company 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.