Cookson Peirce & Co. Inc. Has $1.22 Million Stock Holdings in Tapestry, Inc. $TPR

Cookson Peirce & Co. Inc. grew its holdings in Tapestry, Inc. (NYSE:TPR) by 11.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,888 shares of the luxury accessories retailer’s stock after buying an additional 1,410 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Tapestry were worth $1,220,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TPR. First PREMIER Bank acquired a new stake in Tapestry in the second quarter worth about $25,000. Flaharty Asset Management LLC bought a new position in Tapestry during the first quarter worth about $25,000. Harbour Investments Inc. increased its stake in Tapestry by 120.1% in the first quarter. Harbour Investments Inc. now owns 361 shares of the luxury accessories retailer’s stock valued at $25,000 after purchasing an additional 197 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Tapestry in the first quarter worth $29,000. Finally, Ameritas Advisory Services LLC acquired a new stake in Tapestry in the second quarter worth $37,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tapestry

In other Tapestry news, VP Manesh Dadlani sold 7,882 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $99.05, for a total value of $780,712.10. Following the sale, the vice president owned 21,098 shares in the company, valued at approximately $2,089,756.90. The trade was a 27.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alan Ka Ming Lau sold 11,320 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $106.19, for a total value of $1,202,070.80. Following the completion of the sale, the director owned 8,153 shares in the company, valued at $865,767.07. The trade was a 58.13% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

TPR has been the topic of several analyst reports. Barclays increased their target price on shares of Tapestry from $111.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, September 11th. Cowen reiterated a “buy” rating on shares of Tapestry in a report on Thursday, August 7th. Evercore ISI cut their price objective on Tapestry from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, August 15th. Wells Fargo & Company lifted their price objective on Tapestry from $100.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 price objective on shares of Tapestry in a report on Thursday, September 11th. Eighteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $110.75.

Tapestry Trading Down 1.7%

NYSE TPR opened at $115.12 on Thursday. The stock has a market capitalization of $23.83 billion, a price-to-earnings ratio of 182.73, a PEG ratio of 2.82 and a beta of 1.57. The stock’s 50 day moving average price is $108.54 and its two-hundred day moving average price is $93.12. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.31 and a current ratio of 1.87. Tapestry, Inc. has a 52 week low of $43.07 and a 52 week high of $118.56.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, August 14th. The luxury accessories retailer reported $1.04 EPS for the quarter, beating the consensus estimate of $1.02 by $0.02. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Tapestry had a return on equity of 68.02% and a net margin of 2.61%.The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 EPS. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS. As a group, analysts anticipate that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, September 5th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, September 5th. This is a positive change from Tapestry’s previous quarterly dividend of $0.35. Tapestry’s dividend payout ratio (DPR) is presently 253.97%.

Tapestry Company Profile

Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women’s handbags; and women’s accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.