8,383 Shares in Tapestry, Inc. $TPR Bought by Citizens & Northern Corp

Citizens & Northern Corp purchased a new position in shares of Tapestry, Inc. (NYSE:TPR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,383 shares of the luxury accessories retailer’s stock, valued at approximately $1,071,000.

A number of other large investors have also bought and sold shares of the company. State Street Corp increased its position in Tapestry by 19.3% in the third quarter. State Street Corp now owns 9,229,777 shares of the luxury accessories retailer’s stock worth $1,044,995,000 after buying an additional 1,494,193 shares during the last quarter. Schroder Investment Management Group increased its position in Tapestry by 21.1% in the third quarter. Schroder Investment Management Group now owns 4,849,371 shares of the luxury accessories retailer’s stock worth $549,046,000 after buying an additional 846,553 shares during the last quarter. AQR Capital Management LLC increased its position in Tapestry by 21.4% in the third quarter. AQR Capital Management LLC now owns 4,307,615 shares of the luxury accessories retailer’s stock worth $487,708,000 after buying an additional 760,646 shares during the last quarter. Northern Trust Corp increased its position in Tapestry by 7.6% in the third quarter. Northern Trust Corp now owns 2,870,821 shares of the luxury accessories retailer’s stock worth $325,034,000 after buying an additional 203,520 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Tapestry by 250.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,449,170 shares of the luxury accessories retailer’s stock worth $277,295,000 after buying an additional 1,750,566 shares during the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tapestry

In related news, CEO Todd Kahn sold 39,815 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $151.34, for a total transaction of $6,025,602.10. Following the completion of the transaction, the chief executive officer directly owned 120,578 shares in the company, valued at $18,248,274.52. The trade was a 24.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 671,193 shares of the company’s stock, valued at approximately $103,947,659.91. The trade was a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 164,956 shares of company stock valued at $25,297,262 over the last 90 days. Insiders own 1.32% of the company’s stock.

Tapestry Price Performance

Shares of NYSE TPR opened at $146.46 on Friday. The stock has a market cap of $29.65 billion, a PE ratio of 60.52, a price-to-earnings-growth ratio of 1.75 and a beta of 1.59. Tapestry, Inc. has a fifty-two week low of $66.64 and a fifty-two week high of $161.97. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63. The stock has a fifty day moving average of $148.22 and a 200-day moving average of $130.45.

Tapestry (NYSE:TPR) last announced its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.49. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Equities research analysts anticipate that Tapestry, Inc. will post 6.45 earnings per share for the current year.

Tapestry Dividend Announcement

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

Analyst Upgrades and Downgrades

TPR has been the subject of a number of recent research reports. UBS Group raised their target price on Tapestry from $141.00 to $142.00 and gave the stock a “neutral” rating in a research report on Thursday. Evercore raised their target price on Tapestry from $129.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 target price on shares of Tapestry in a research report on Friday, February 6th. Robert W. Baird set a $160.00 target price on Tapestry in a research report on Friday, February 6th. Finally, Argus set a $165.00 price target on Tapestry in a research report on Thursday, March 12th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Tapestry has a consensus rating of “Moderate Buy” and a consensus price target of $153.06.

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.