Concurrent Investment Advisors LLC Purchases 7,280 Shares of Tapestry, Inc. $TPR

Concurrent Investment Advisors LLC boosted its stake in shares of Tapestry, Inc. (NYSE:TPR) by 373.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,227 shares of the luxury accessories retailer’s stock after purchasing an additional 7,280 shares during the period. Concurrent Investment Advisors LLC’s holdings in Tapestry were worth $1,179,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Northwest Wealth Management LLC boosted its position in Tapestry by 3.4% during the fourth quarter. Northwest Wealth Management LLC now owns 2,462 shares of the luxury accessories retailer’s stock valued at $315,000 after purchasing an additional 82 shares during the last quarter. Fulton Bank N.A. boosted its position in Tapestry by 2.8% during the fourth quarter. Fulton Bank N.A. now owns 3,166 shares of the luxury accessories retailer’s stock valued at $405,000 after purchasing an additional 87 shares during the last quarter. CVA Family Office LLC boosted its position in Tapestry by 23.4% during the fourth quarter. CVA Family Office LLC now owns 469 shares of the luxury accessories retailer’s stock valued at $60,000 after purchasing an additional 89 shares during the last quarter. Clark Financial Services Group Inc. BD boosted its position in Tapestry by 1.8% during the fourth quarter. Clark Financial Services Group Inc. BD now owns 5,701 shares of the luxury accessories retailer’s stock valued at $733,000 after purchasing an additional 103 shares during the last quarter. Finally, Essex Financial Services Inc. boosted its position in Tapestry by 3.5% during the third quarter. Essex Financial Services Inc. now owns 3,324 shares of the luxury accessories retailer’s stock valued at $376,000 after purchasing an additional 113 shares during the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. UBS Group increased their price target on Tapestry from $141.00 to $142.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Argus set a $165.00 price target on Tapestry in a research report on Thursday, March 12th. Jefferies Financial Group cut Tapestry from a “buy” rating to a “hold” rating and reduced their price target for the company from $142.00 to $138.00 in a research report on Wednesday, January 14th. The Goldman Sachs Group set a $166.00 price target on Tapestry in a research report on Friday, February 6th. Finally, Wall Street Zen cut Tapestry from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.89.

Tapestry Stock Performance

TPR opened at $144.98 on Friday. Tapestry, Inc. has a 12-month low of $70.40 and a 12-month high of $161.97. The stock has a market cap of $29.35 billion, a price-to-earnings ratio of 59.91, a PEG ratio of 1.70 and a beta of 1.59. The business has a 50 day moving average of $147.31 and a 200-day moving average of $131.52. 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 (NYSE:TPR) last released its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the firm posted $2.00 earnings per share. The business’s revenue was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, equities research analysts expect that Tapestry, Inc. will post 6.45 earnings per share for the current year.

Tapestry Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 6th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, March 6th. Tapestry’s dividend payout ratio (DPR) is presently 66.12%.

Insider Buying and Selling

In other news, CEO Joanne C. Crevoiserat sold 48,795 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total value of $7,556,881.65. Following the completion of the sale, the chief executive officer directly owned 671,193 shares of the company’s stock, valued at $103,947,659.91. This trade represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Denise Kulikowsky sold 9,166 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $155.62, for a total value of $1,426,412.92. Following the transaction, the insider owned 26,942 shares in the company, valued at approximately $4,192,714.04. This trade represents a 25.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 164,956 shares of company stock valued at $25,297,262. Insiders own 1.32% of the company’s stock.

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.