Kesler Norman & Wride LLC Buys 6,179 Shares of Tapestry, Inc. $TPR

Kesler Norman & Wride LLC lifted its stake in Tapestry, Inc. (NYSE:TPR) by 208.4% in the first quarter, HoldingsChannel.com reports. The firm owned 9,144 shares of the luxury accessories retailer’s stock after purchasing an additional 6,179 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Tapestry were worth $1,290,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Acumen Wealth Advisors LLC bought a new position in Tapestry in the 4th quarter valued at $28,000. Triumph Capital Management bought a new stake in shares of Tapestry during the third quarter worth $29,000. Steph & Co. lifted its stake in shares of Tapestry by 128.7% during 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 during the period. Flagship Harbor Advisors LLC acquired a new position in shares of Tapestry during the fourth quarter valued at $31,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in Tapestry in the fourth quarter valued at about $32,000. Institutional investors own 90.77% of the company’s stock.

Tapestry Trading Down 1.9%

NYSE TPR opened at $141.43 on Friday. The stock has a 50-day simple moving average of $141.43 and a 200 day simple moving average of $142.04. The company has a market capitalization of $28.57 billion, a PE ratio of 45.33, a P/E/G ratio of 1.32 and a beta of 1.43. The company has a current ratio of 1.84, a quick ratio of 1.27 and a debt-to-equity ratio of 3.48. Tapestry, Inc. has a 12 month low of $92.62 and a 12 month high of $161.97.

Tapestry (NYSE:TPR) last issued its 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 firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The company’s revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Research analysts forecast that Tapestry, Inc. will post 6.96 EPS for the current year.

Tapestry Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Tapestry’s payout ratio is currently 51.28%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TPR shares. UBS Group lifted their price objective on Tapestry from $187.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Robert W. Baird raised their target price on shares of Tapestry from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $180.00 target price on shares of Tapestry in a research note on Tuesday, June 2nd. Wall Street Zen upgraded shares of Tapestry from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings downgraded shares of 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’s stock. Based on data from MarketBeat.com, Tapestry presently has a consensus rating of “Moderate Buy” and an average target price of $170.06.

Insider Buying and Selling

In other news, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry stock in a transaction 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 transaction, the chief executive officer directly owned 652,434 shares of the company’s stock, valued at $86,701,954.26. This trade represents a 4.08% decrease in their ownership of the stock. 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 Tapestry stock in a transaction 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 directly 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. The SEC filing for this sale provides additional information. 1.32% of the stock is currently owned by 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.