Pinkerton Wealth LLC Boosts Stake in Tapestry, Inc. $TPR

Pinkerton Wealth LLC increased its position in Tapestry, Inc. (NYSE:TPR) by 31.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,293 shares of the luxury accessories retailer’s stock after purchasing an additional 7,766 shares during the quarter. Pinkerton Wealth LLC’s holdings in Tapestry were worth $3,656,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vestcor Inc raised its holdings in Tapestry by 43.7% in the third quarter. Vestcor Inc now owns 7,991 shares of the luxury accessories retailer’s stock worth $905,000 after purchasing an additional 2,432 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Tapestry by 51.3% during the 3rd quarter. Swiss National Bank now owns 598,679 shares of the luxury accessories retailer’s stock valued at $67,782,000 after buying an additional 203,079 shares in the last quarter. WINTON GROUP Ltd grew its position in shares of Tapestry by 44.7% in the 3rd quarter. WINTON GROUP Ltd now owns 56,024 shares of the luxury accessories retailer’s stock worth $6,343,000 after buying an additional 17,302 shares during the period. Russell Investments Group Ltd. grew its position in shares of Tapestry by 23.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 217,408 shares of the luxury accessories retailer’s stock worth $24,615,000 after buying an additional 41,556 shares during the period. Finally, Schroder Investment Management Group increased its stake in shares of Tapestry by 21.1% in the 3rd quarter. Schroder Investment Management Group now owns 4,849,371 shares of the luxury accessories retailer’s stock worth $549,046,000 after acquiring an additional 846,553 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Jefferies Financial Group cut shares of Tapestry from a “buy” rating to a “hold” rating and lowered their price target for the company from $142.00 to $138.00 in a research report on Wednesday, January 14th. Telsey Advisory Group raised their target price on shares of Tapestry to $150.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Guggenheim assumed coverage on shares of Tapestry in a report on Tuesday, December 9th. They set a “neutral” rating for the company. UBS Group reissued a “neutral” rating and issued a $141.00 price target on shares of Tapestry in a research report on Monday, February 9th. Finally, BNP Paribas Exane started coverage on Tapestry in a research note on Friday, February 13th. They issued an “outperform” rating and a $176.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

Insider Transactions at Tapestry

In other Tapestry news, Director Thomas Greco sold 14,245 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total value of $2,199,997.80. Following the completion of the transaction, the director owned 21,302 shares of the company’s stock, valued at approximately $3,289,880.88. The trade was a 40.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $154.87, for a total transaction of $7,556,881.65. Following the transaction, the chief executive officer owned 671,193 shares in the company, valued at $103,947,659.91. This represents a 6.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 164,956 shares of company stock valued at $25,297,262. Insiders own 1.32% of the company’s stock.

Tapestry Stock Up 0.8%

NYSE:TPR opened at $145.33 on Tuesday. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63. The firm has a market cap of $29.42 billion, a P/E ratio of 60.05, a P/E/G ratio of 1.73 and a beta of 1.55. Tapestry, Inc. has a fifty-two week low of $58.39 and a fifty-two week high of $161.97. The firm has a 50-day simple moving average of $140.68 and a two-hundred day simple moving average of $121.99.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.49. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Analysts predict that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is presently 66.12%.

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.