Tapestry, Inc. $TPR Shares Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. grew its position in Tapestry, Inc. (NYSE:TPR) by 251.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 37,806 shares of the luxury accessories retailer’s stock after acquiring an additional 27,058 shares during the period. Landscape Capital Management L.L.C.’s holdings in Tapestry were worth $4,830,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TPR. Acumen Wealth Advisors LLC acquired a new stake in shares of Tapestry in the fourth quarter valued at $28,000. Triumph Capital Management acquired a new position in Tapestry during the 3rd quarter worth $29,000. Steph & Co. grew its stake in Tapestry by 128.7% during the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock worth $30,000 after purchasing an additional 130 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in Tapestry during the 4th quarter worth $31,000. Finally, Cornerstone Planning Group LLC grew its stake in Tapestry by 2,720.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 282 shares of the luxury accessories retailer’s stock worth $36,000 after purchasing an additional 272 shares in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Todd Kahn sold 19,557 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total value of $2,738,371.14. Following the completion of the sale, the chief executive officer directly owned 123,258 shares of the company’s stock, valued at approximately $17,258,585.16. The trade was a 13.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total value of $3,691,152.64. Following the completion of the sale, the chief executive officer directly owned 652,434 shares of the company’s stock, valued at $86,701,954.26. The trade was a 4.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is currently owned by insiders.

Tapestry Stock Up 1.5%

Shares of NYSE TPR opened at $147.58 on Friday. The company has a market capitalization of $29.82 billion, a price-to-earnings ratio of 47.30, a price-to-earnings-growth ratio of 1.50 and a beta of 1.42. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27. The business has a 50-day moving average of $142.25 and a two-hundred day moving average of $137.60. Tapestry, Inc. has a 1 year low of $78.59 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 analysts’ consensus estimates 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 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 previous year, the business earned $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, 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. Stockholders of record on Friday, June 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, June 5th. Tapestry’s payout ratio is presently 51.28%.

Analyst Ratings Changes

Several research analysts recently commented on the company. UBS Group raised Tapestry from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $142.00 to $187.00 in a research note on Friday, May 8th. Argus set a $165.00 target price on Tapestry in a research note on Thursday, March 12th. Sanford C. Bernstein reissued an “outperform” rating and set a $180.00 target price on shares of Tapestry in a research note on Tuesday, June 2nd. BTIG Research reissued a “buy” rating and set a $180.00 target price on shares of Tapestry in a research note on Wednesday. Finally, Weiss Ratings cut Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.12.

Tapestry 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.