Vista Investment Partners LLC Takes $4.83 Million Position in Tapestry, Inc. $TPR

Vista Investment Partners LLC purchased a new stake in Tapestry, Inc. (NYSE:TPRFree Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,997 shares of the luxury accessories retailer’s stock, valued at approximately $4,830,000. Tapestry makes up 1.2% of Vista Investment Partners LLC’s holdings, making the stock its 26th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Woodline Partners LP boosted its position in shares of Tapestry by 25.0% during the 1st quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock worth $1,231,000 after purchasing an additional 3,495 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Tapestry in the first quarter valued at about $493,000. Sivia Capital Partners LLC acquired a new stake in shares of Tapestry in the second quarter valued at about $602,000. Arrowstreet Capital Limited Partnership purchased a new position in Tapestry in the second quarter valued at about $6,307,000. Finally, Brown Advisory Inc. lifted its position in shares of Tapestry by 13.8% during the 2nd quarter. Brown Advisory Inc. now owns 3,630 shares of the luxury accessories retailer’s stock valued at $319,000 after acquiring an additional 439 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Key Stories Impacting Tapestry

Here are the key news stories impacting Tapestry this week:

  • Positive Sentiment: Higher analyst price target: Telsey Advisory Group raised its Tapestry price target from $160 to $175 and maintained an “outperform” rating, implying additional upside from current levels. Benzinga report
  • Positive Sentiment: Positive earnings expectations: Zacks said Tapestry has factors that could support an earnings beat in next week’s quarterly release, while another analysis highlights the potential for continued earnings growth. Strong results could reinforce the stock’s recent momentum. Zacks earnings expectations
  • Positive Sentiment: Long-term growth appeal: Zacks identifies TPR as a potential long-term growth stock, supported by its style-score framework and expectations for market-beating performance. Zacks long-term growth analysis
  • Positive Sentiment: AI initiatives may improve execution: Reports describe Tapestry’s efforts to build internal support for AI experimentation. Applying AI across areas such as customer engagement, merchandising and operations could create longer-term efficiency and brand advantages. Wall Street Journal AI culture article
  • Neutral Sentiment: Retail backdrop remains supportive: Telsey’s Dana Telsey favors Tapestry alongside Ralph Lauren and off-price retailers, citing resilient consumers and product “newness.” The view is supportive but reflects broader retail optimism rather than a new company-specific result. Barron’s retail analysis
  • Neutral Sentiment: Near-term catalyst and risk: Tapestry is expected to report earnings next Thursday. Investors will watch sales, margins and guidance to determine whether the optimistic forecasts are justified. Earnings announcement article

Insider Buying and Selling at Tapestry

In other news, CEO Joanne C. Crevoiserat sold 27,776 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total value of $3,691,152.64. Following the sale, the chief executive officer directly owned 652,434 shares in the company, valued at $86,701,954.26. This represents a 4.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total value of $2,738,371.14. Following the sale, the chief executive officer directly owned 123,258 shares in the company, valued at approximately $17,258,585.16. The trade was a 13.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.32% of the company’s stock.

Analyst Upgrades and Downgrades

TPR has been the topic of several research analyst reports. Sanford C. Bernstein reissued an “outperform” rating and set a $180.00 price target on shares of Tapestry in a research note on Tuesday, June 2nd. BTIG Research reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Tapestry in a research note on Wednesday, June 10th. Weiss Ratings cut Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Citigroup boosted their target price on Tapestry from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Zacks Research lowered Tapestry from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.44.

Get Our Latest Stock Analysis on TPR

Tapestry Trading Up 0.1%

Shares of TPR opened at $162.46 on Monday. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27. The firm has a 50 day simple moving average of $145.71 and a 200-day simple moving average of $144.14. Tapestry, Inc. has a 1-year low of $92.62 and a 1-year high of $163.94. The stock has a market cap of $32.82 billion, a price-to-earnings ratio of 52.07, a price-to-earnings-growth ratio of 1.47 and a beta of 1.43.

Tapestry (NYSE:TPRGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.36. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. Equities analysts forecast that Tapestry, Inc. will post 6.98 EPS for the current fiscal year.

Tapestry Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tapestry (NYSE:TPR)

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