Tapestry, Inc. $TPR Stock: Provenance Wealth Advisors LLC Increases Position

Provenance Wealth Advisors LLC grew its stake in Tapestry, Inc. (NYSE:TPR) by 47,250.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,735 shares of the luxury accessories retailer’s stock after purchasing an additional 4,725 shares during the period. Provenance Wealth Advisors LLC’s holdings in Tapestry were worth $545,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Tapestry in the 2nd quarter valued at $43,929,000. Raiffeisen Bank International AG raised its position in Tapestry by 13,153.1% during the 2nd quarter. Raiffeisen Bank International AG now owns 23,193 shares of the luxury accessories retailer’s stock worth $3,399,000 after buying an additional 23,018 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Tapestry by 14.7% in the 2nd quarter. Tidal Investments LLC now owns 67,741 shares of the luxury accessories retailer’s stock worth $9,916,000 after acquiring an additional 8,656 shares during the period. SEB Asset Management AB acquired a new stake in shares of Tapestry in the 1st quarter worth $59,525,000. Finally, BlackRock Inc. purchased a new stake in shares of Tapestry in the second quarter valued at about $2,610,995,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TPR. Weiss Ratings upgraded shares of Tapestry from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 16th. UBS Group reduced their price objective on shares of Tapestry from $232.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, October 20th. BNP Paribas Exane raised their price objective on shares of Tapestry from $185.00 to $187.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Wall Street Zen lowered Tapestry from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Robert W. Baird dropped their target price on Tapestry from $165.00 to $150.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 27th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $166.89.

Tapestry Trading Up 7.2%

NYSE:TPR opened at $134.29 on Friday. Tapestry, Inc. has a 1 year low of $93.00 and a 1 year high of $164.80. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.25 and a current ratio of 1.75. The stock has a fifty day moving average price of $117.21 and a two-hundred day moving average price of $136.93. The stock has a market capitalization of $26.78 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.58 and a beta of 1.44.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, November 5th. The luxury accessories retailer reported $1.82 EPS for the quarter, topping the consensus estimate of $1.56 by $0.26. Tapestry had a net margin of 19.09% and a return on equity of 254.95%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the firm earned $1.38 EPS. The business’s revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Tapestry, Inc. will post 7.95 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Friday, December 4th will be paid a $0.4625 dividend. The ex-dividend date is Friday, December 4th. This represents a $1.85 annualized dividend and a dividend yield of 1.4%. Tapestry’s dividend payout ratio (DPR) is 25.38%.

Key Stories Impacting Tapestry

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Fiscal Q1 adjusted EPS was $1.82, beating the $1.56 consensus estimate and rising from $1.38 a year earlier. Revenue increased 11.1% year over year to $1.89 billion, also ahead of expectations. Tapestry Q1 results and outlook
• Positive Sentiment: Coach was a key growth driver, with strong demand among younger shoppers. Management also cited strength across regions and expanding margins, supporting investor confidence in the company’s brand momentum. Reuters report on Coach demand
• Positive Sentiment: Tapestry raised its fiscal 2027 full-year outlook after the strong start to the year and declared a dividend, adding to the positive earnings news. Tapestry raises outlook and declares dividend
• Neutral Sentiment: The upcoming holiday season is an important test of whether shopper resilience and Coach’s momentum can continue; management described U.S. consumers as resilient. Benzinga report on holiday-season outlook

Insider Activity

In related news, CEO Joanne Crevoiserat sold 27,761 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $132.47, for a total transaction of $3,677,499.67. Following the sale, the chief executive officer owned 666,149 shares of the company’s stock, valued at approximately $88,244,758.03. The trade was a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Denise Kulikowsky sold 5,810 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $115.38, for a total transaction of $670,357.80. Following the transaction, the insider owned 21,136 shares in the company, valued at $2,438,671.68. The trade was a 21.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.28% of the stock is owned by company insiders.

Tapestry Profile

Tapestry, Inc is a global house of modern luxury accessories and lifestyle brands. The company’s portfolio includes Coach, known for handbags, leather goods, footwear, apparel and accessories; Kate Spade New York, which offers handbags, accessories, apparel, footwear, home products and related lifestyle merchandise; and Stuart Weitzman, a designer and manufacturer of women’s footwear.

Tapestry sells its products through company-operated stores, outlet locations, e-commerce websites, wholesale partners and select distributors.