Fortis Group Advisors LLC Purchases 5,448 Shares of Tapestry, Inc. $TPR

Fortis Group Advisors LLC boosted its position in shares of Tapestry, Inc. (NYSE:TPR) by 77.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,508 shares of the luxury accessories retailer’s stock after purchasing an additional 5,448 shares during the period. Fortis Group Advisors LLC’s holdings in Tapestry were worth $1,587,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TPR. Fisher Asset Management LLC grew its holdings in shares of Tapestry by 21.7% in the 3rd quarter. Fisher Asset Management LLC now owns 608,266 shares of the luxury accessories retailer’s stock valued at $68,868,000 after acquiring an additional 108,278 shares in the last quarter. DNB Asset Management AS grew its holdings in shares of Tapestry by 1,331.4% in the 3rd quarter. DNB Asset Management AS now owns 39,478 shares of the luxury accessories retailer’s stock valued at $4,470,000 after acquiring an additional 36,720 shares in the last quarter. WCM Investment Management LLC grew its holdings in shares of Tapestry by 45.5% in the 3rd quarter. WCM Investment Management LLC now owns 815,037 shares of the luxury accessories retailer’s stock valued at $90,844,000 after acquiring an additional 254,936 shares in the last quarter. Advisory Research Inc. grew its holdings in shares of Tapestry by 30.1% in the 3rd quarter. Advisory Research Inc. now owns 228,107 shares of the luxury accessories retailer’s stock valued at $25,826,000 after acquiring an additional 52,747 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings 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 valued at $24,615,000 after acquiring an additional 41,556 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Insider Buying and Selling

In related news, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry stock in a transaction dated Wednesday, May 13th. The stock was 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 approximately $86,701,954.26. This trade represents a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.32% of the company’s stock.

Tapestry Trading Up 3.1%

Tapestry stock opened at $135.75 on Thursday. Tapestry, Inc. has a 52 week low of $76.29 and a 52 week high of $161.97. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.27 and a current ratio of 1.84. The stock has a market capitalization of $27.43 billion, a P/E ratio of 43.51, a PEG ratio of 1.34 and a beta of 1.45. The stock has a 50-day simple moving average of $142.64 and a 200 day simple moving average of $133.37.

Tapestry (NYSE:TPR) last posted its quarterly 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 return on equity of 229.70% and a net margin of 8.44%.The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter last year, the company posted $1.03 earnings per share. Tapestry’s quarterly revenue was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Analysts expect that Tapestry, Inc. will post 6.95 earnings per share for the current year.

Tapestry Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Tapestry’s dividend payout ratio (DPR) is presently 51.28%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TPR. Robert W. Baird raised their price objective on Tapestry from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Sanford C. Bernstein restated an “outperform” rating and issued a $170.00 price objective on shares of Tapestry in a report on Friday, February 6th. BTIG Research restated a “buy” rating and issued a $180.00 price objective on shares of Tapestry in a report on Friday, May 8th. Zacks Research upgraded Tapestry from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Finally, The Goldman Sachs Group set a $166.00 price objective on Tapestry in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $160.67.

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.