Commonwealth Equity Services LLC Has $4.10 Million Position in Tapestry, Inc. $TPR

Commonwealth Equity Services LLC increased its stake in Tapestry, Inc. (NYSE:TPR) by 47.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,076 shares of the luxury accessories retailer’s stock after purchasing an additional 10,395 shares during the period. Commonwealth Equity Services LLC’s holdings in Tapestry were worth $4,098,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Northwest Wealth Management LLC increased its position in shares of Tapestry by 3.4% in the fourth quarter. Northwest Wealth Management LLC now owns 2,462 shares of the luxury accessories retailer’s stock worth $315,000 after purchasing an additional 82 shares during the period. Fulton Bank N.A. increased its position in shares of Tapestry by 2.8% in the fourth quarter. Fulton Bank N.A. now owns 3,166 shares of the luxury accessories retailer’s stock worth $405,000 after purchasing an additional 87 shares during the period. CVA Family Office LLC raised its position in shares of Tapestry by 23.4% in the 4th quarter. CVA Family Office LLC now owns 469 shares of the luxury accessories retailer’s stock valued at $60,000 after buying an additional 89 shares in the last quarter. Clark Financial Services Group Inc. BD raised its position in shares of Tapestry by 1.8% in the 4th quarter. Clark Financial Services Group Inc. BD now owns 5,701 shares of the luxury accessories retailer’s stock valued at $733,000 after buying an additional 103 shares in the last quarter. Finally, Essex Financial Services Inc. raised its position in shares of Tapestry by 3.5% in the 3rd quarter. Essex Financial Services Inc. now owns 3,324 shares of the luxury accessories retailer’s stock valued at $376,000 after buying an additional 113 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Tapestry Trading Down 0.1%

Shares of Tapestry stock opened at $139.95 on Monday. The firm has a market capitalization of $28.28 billion, a PE ratio of 44.86, a price-to-earnings-growth ratio of 1.42 and a beta of 1.42. The company has a current ratio of 1.84, a quick ratio of 1.27 and a debt-to-equity ratio of 3.48. The firm’s 50 day moving average is $141.90 and its 200 day moving average is $136.42. Tapestry, Inc. has a 1 year low of $77.86 and a 1 year high of $161.97.

Tapestry (NYSE:TPR) last announced its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.36. The company had revenue of $1.92 billion during 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 company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Equities research analysts forecast that Tapestry, Inc. will post 6.95 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be given a $0.40 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is currently 51.28%.

Insider Activity

In related news, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry 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 sale, the chief executive officer directly owned 652,434 shares in the company, valued at $86,701,954.26. This trade represents a 4.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the sale, the chief executive officer owned 123,258 shares in the company, valued at approximately $17,258,585.16. This represents a 13.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TPR shares. Raymond James Financial restated an “outperform” rating and issued a $165.00 target price on shares of Tapestry in a research report on Thursday, April 23rd. Citigroup upped their target price on Tapestry from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. TD Cowen restated a “buy” rating on shares of Tapestry in a research note on Tuesday, February 10th. UBS Group upgraded Tapestry from a “neutral” rating to a “buy” rating and upped their target price for the stock from $142.00 to $187.00 in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. upped their target price on Tapestry from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Tapestry currently has an average rating of “Moderate Buy” and a consensus price target of $161.22.

About Tapestry

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.