Bull Harbor Capital LLC Takes Position in Tapestry, Inc. $TPR

Bull Harbor Capital LLC purchased a new position in shares of Tapestry, Inc. (NYSE:TPR) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 9,573 shares of the luxury accessories retailer’s stock, valued at approximately $1,351,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acumen Wealth Advisors LLC bought a new position in Tapestry during the 4th quarter worth $28,000. Steph & Co. grew its stake in shares of Tapestry by 128.7% in the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after acquiring an additional 130 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Tapestry in the 4th quarter worth about $31,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in Tapestry in the 4th quarter valued at about $32,000. Finally, Triumph Capital Management acquired a new position in shares of Tapestry during the 3rd quarter worth approximately $29,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TPR shares. Zacks Research cut Tapestry from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. UBS Group upped their target price on Tapestry from $187.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. raised their price target on Tapestry from $200.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Wall Street Zen raised Tapestry from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Barclays increased their price objective on shares of Tapestry from $179.00 to $182.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $173.50.

Tapestry Trading Down 0.5%

Shares of TPR opened at $150.17 on Thursday. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.27 and a current ratio of 1.84. Tapestry, Inc. has a 52-week low of $92.62 and a 52-week high of $161.97. The firm has a market cap of $30.34 billion, a price-to-earnings ratio of 48.13, a PEG ratio of 1.38 and a beta of 1.43. The business’s fifty day moving average is $143.46 and its 200-day moving average is $142.95.

Tapestry (NYSE:TPR) last announced its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.36. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.Tapestry’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Equities analysts anticipate that Tapestry, Inc. will post 6.97 EPS for the current fiscal year.

Tapestry Dividend Announcement

The business also recently announced 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 of this dividend 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 51.28%.

Insider Transactions at Tapestry

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 of the company’s stock, valued at approximately $86,701,954.26. The trade was a 4.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $2,738,371.14. Following the transaction, the chief executive officer owned 123,258 shares of the company’s stock, valued at approximately $17,258,585.16. This represents a 13.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.32% of the stock is currently owned by corporate insiders.

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.