Oppenheimer Asset Management Inc. bought a new position in shares of Tapestry, Inc. (NYSE:TPR – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm bought 21,000 shares of the luxury accessories retailer’s stock, valued at approximately $3,074,000.
Other institutional investors have also added to or reduced their stakes in the company. Acumen Wealth Advisors LLC purchased a new position in Tapestry during the fourth quarter valued at approximately $28,000. Triumph Capital Management purchased a new stake in Tapestry during the third quarter worth $29,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in Tapestry during the fourth quarter worth $32,000. Cornerstone Planning Group LLC boosted its position in Tapestry by 2,720.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 282 shares of the luxury accessories retailer’s stock valued at $36,000 after acquiring an additional 272 shares in the last quarter. Finally, HM Payson & Co. boosted its position in Tapestry by 125.8% during the 4th quarter. HM Payson & Co. now owns 289 shares of the luxury accessories retailer’s stock valued at $37,000 after acquiring an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.
Tapestry Stock Up 0.6%
Tapestry stock opened at $129.11 on Friday. The business’s 50-day simple moving average is $146.48 and its two-hundred day simple moving average is $144.63. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.27 and a current ratio of 1.75. The company has a market cap of $26.08 billion, a PE ratio of 17.71, a PEG ratio of 1.16 and a beta of 1.43. Tapestry, Inc. has a fifty-two week low of $93.00 and a fifty-two week high of $164.80.
Tapestry Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, September 4th will be given a dividend of $0.4625 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.85 dividend on an annualized basis and a yield of 1.4%. This is a boost from Tapestry’s previous quarterly dividend of $0.40. Tapestry’s payout ratio is 51.28%.
Tapestry News Summary
Here are the key news stories impacting Tapestry this week:
- Positive Sentiment: Tapestry reported fiscal fourth-quarter EPS of $1.32, above the $1.28 consensus estimate, while revenue of $1.88 billion also topped expectations. Revenue increased 8.9% year over year, and earnings rose from $1.04 per share in the prior-year quarter. Tapestry fiscal 2026 fourth-quarter and full-year results
- Positive Sentiment: Coach continued to drive growth, supported by younger shoppers, higher average unit retail prices, unit expansion and international growth. Management said the brand’s momentum could remain durable through fiscal 2027, although growth may become more measured in the second half. Coach growth durability
- Positive Sentiment: The company raised its quarterly dividend 15.6% to $0.4625 per share, payable September 21 to shareholders of record September 4. Tapestry also plans approximately $1.7 billion in shareholder returns, supporting the stock’s income and capital-return appeal. Fiscal 2027 outlook and shareholder returns
- Neutral Sentiment: Fiscal 2027 EPS guidance of $7.80 to $7.90 is broadly in line with the roughly $7.82 analyst consensus, suggesting continued profit growth but limited upside relative to expectations. Tapestry earnings estimate beat
- Negative Sentiment: Management projected fiscal 2027 revenue of $8.4 billion to $8.5 billion, slightly below the $8.5 billion consensus. Investors viewed the outlook as disappointing after the quarterly beat, particularly because Kate Spade’s recovery is taking longer and tariff pressure remains a risk. Tapestry forecasts weak annual sales
Insider Transactions at Tapestry
In other Tapestry news, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.32% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have recently commented on TPR. Evercore set a $175.00 price target on Tapestry in a research report on Friday, May 8th. Morgan Stanley dropped their price objective on Tapestry from $164.00 to $159.00 and set an “overweight” rating on the stock in a research report on Friday. Telsey Advisory Group lifted their target price on Tapestry from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $185.00 target price (up from $180.00) on shares of Tapestry in a report on Friday. Finally, Robert W. Baird increased their price target on shares of Tapestry from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $175.12.
Read Our Latest Analysis on Tapestry
Tapestry 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.
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