Highland Capital Management LLC Purchases 14,758 Shares of Tapestry, Inc. $TPR

Highland Capital Management LLC boosted its position in Tapestry, Inc. (NYSE:TPR) by 604.8% in the 4th quarter, Holdings Channel reports. The firm owned 17,198 shares of the luxury accessories retailer’s stock after buying an additional 14,758 shares during the quarter. Highland Capital Management LLC’s holdings in Tapestry were worth $2,197,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TPR. Cloud Capital Management LLC bought a new stake in Tapestry in the third quarter worth about $26,000. Triumph Capital Management bought a new stake in Tapestry in the third quarter worth about $29,000. Steph & Co. lifted its stake in Tapestry by 128.7% in the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock worth $30,000 after purchasing an additional 130 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in Tapestry in the fourth quarter worth about $31,000. Finally, Cornerstone Planning Group LLC increased its position in shares of Tapestry by 2,720.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 282 shares of the luxury accessories retailer’s stock worth $36,000 after acquiring an additional 272 shares during the period. Institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

TPR has been the topic of a number of research reports. BNP Paribas Exane initiated coverage on shares of Tapestry in a research report on Friday, February 13th. They set an “outperform” rating and a $176.00 target price on the stock. Argus set a $165.00 target price on shares of Tapestry in a research report on Thursday, March 12th. Robert W. Baird raised their target price on shares of Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group set a $166.00 target price on shares of Tapestry in a research report on Friday, February 6th. Finally, UBS Group raised their target price on shares of Tapestry from $141.00 to $142.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $153.89.

Tapestry Stock Performance

Shares of TPR stock opened at $141.35 on Wednesday. The firm has a market cap of $28.62 billion, a price-to-earnings ratio of 58.41, a PEG ratio of 1.67 and a beta of 1.45. The company’s 50 day moving average is $147.00 and its 200 day moving average is $131.92. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32. Tapestry, Inc. has a 52-week low of $71.99 and a 52-week high of $161.97.

Tapestry (NYSE:TPR) last issued its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.49. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. Tapestry’s revenue was up 14.0% compared to the same quarter last year. During the same period last year, the company posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, sell-side analysts anticipate that Tapestry, Inc. will post 6.46 EPS for the current fiscal year.

Tapestry Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 6th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was 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 is presently 66.12%.

Insider Buying and Selling at Tapestry

In other news, CEO Todd Kahn sold 39,815 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $151.34, for a total transaction of $6,025,602.10. Following the transaction, the chief executive officer directly owned 120,578 shares of the company’s stock, valued at approximately $18,248,274.52. This represents a 24.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas Greco sold 14,245 shares of the company’s stock in a transaction on 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 transaction, the director directly owned 21,302 shares in the company, valued at approximately $3,289,880.88. The trade was a 40.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 164,956 shares of company stock valued at $25,297,262. Corporate insiders own 1.32% of the company’s stock.

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.