Three Seasons Wealth LLC Buys Shares of 4,658 Tapestry, Inc. $TPR

Three Seasons Wealth LLC purchased a new position in shares of Tapestry, Inc. (NYSE:TPR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,658 shares of the luxury accessories retailer’s stock, valued at approximately $657,000.

Several other hedge funds and other institutional investors have also modified their holdings of TPR. Eurizon Capital SGR S.p.A. acquired a new stake in Tapestry during the 4th quarter worth approximately $8,109,000. Norges Bank acquired a new position in shares of Tapestry in the fourth quarter worth $345,349,000. Keystone Investors PTE Ltd. grew its stake in shares of Tapestry by 17.4% in the fourth quarter. Keystone Investors PTE Ltd. now owns 62,622 shares of the luxury accessories retailer’s stock worth $8,001,000 after acquiring an additional 9,303 shares in the last quarter. Aberdeen Group plc increased its position in shares of Tapestry by 34.7% during the fourth quarter. Aberdeen Group plc now owns 47,573 shares of the luxury accessories retailer’s stock worth $6,078,000 after acquiring an additional 12,251 shares during the period. Finally, SteelPeak Wealth LLC purchased a new stake in shares of Tapestry during the fourth quarter worth $1,865,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Tapestry Price Performance

Tapestry stock opened at $140.19 on Thursday. The stock has a market cap of $28.32 billion, a P/E ratio of 44.93, a price-to-earnings-growth ratio of 1.24 and a beta of 1.43. The company has a fifty day simple moving average of $140.99 and a 200-day simple moving average of $141.95. Tapestry, Inc. has a 12-month low of $92.62 and a 12-month high of $161.97. The company has a current ratio of 1.84, a quick ratio of 1.27 and a debt-to-equity ratio of 3.48.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.36. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. The company’s revenue was up 21.2% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Equities analysts expect that Tapestry, Inc. will post 6.96 EPS for the current fiscal year.

Tapestry Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were issued a $0.40 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Tapestry’s dividend payout ratio is presently 51.28%.

Insider Transactions at Tapestry

In related news, CEO Todd Kahn sold 19,557 shares of the company’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 completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the completion of the transaction, the chief executive officer owned 652,434 shares in the company, valued at $86,701,954.26. This represents a 4.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TPR. Wall Street Zen upgraded Tapestry from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Evercore set a $175.00 price target on Tapestry in a report on Friday, May 8th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $180.00 price target on shares of Tapestry in a research report on Tuesday, June 2nd. Raymond James Financial reiterated an “outperform” rating and issued a $165.00 price objective on shares of Tapestry in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Tapestry from $200.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $169.88.

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.