Wealthfront Advisers LLC Acquires Shares of 49,211 Tapestry, Inc. $TPR

Posted by Francis Steltz on Aug 20th, 2026

Wealthfront Advisers LLC bought a new position in Tapestry, Inc. (NYSE:TPR – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 49,211 shares of the luxury accessories retailer’s stock, valued at approximately $7,204,000.

Other institutional investors have also recently modified their holdings of the company. Acumen Wealth Advisors LLC bought a new position in Tapestry in the 4th quarter worth about $28,000. Triumph Capital Management purchased a new stake in Tapestry during the 3rd quarter valued at about $29,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in Tapestry in the fourth quarter worth about $32,000. Cornerstone Planning Group LLC raised its holdings in Tapestry by 2,720.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 282 shares of the luxury accessories retailer’s stock worth $36,000 after buying an additional 272 shares during the last quarter. Finally, HM Payson & Co. lifted its stake in shares of Tapestry by 125.8% in the fourth quarter. HM Payson & Co. now owns 289 shares of the luxury accessories retailer’s stock worth $37,000 after buying an additional 161 shares in the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tapestry

In related news, CEO Todd Kahn sold 19,557 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.32% of the company’s stock.

Analyst Ratings Changes

TPR has been the subject of several analyst reports. Raymond James Financial reissued an “outperform” rating and set a $165.00 price target on shares of Tapestry in a research report on Thursday, April 23rd. UBS Group boosted their price target on Tapestry from $230.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. BTIG Research dropped their price objective on Tapestry from $180.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Wall Street Zen lowered Tapestry from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Telsey Advisory Group raised their price target on shares of Tapestry from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $175.12.

Check Out Our Latest Stock Analysis on TPR

Tapestry Stock Performance

NYSE TPR opened at $131.51 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.75 and a debt-to-equity ratio of 3.44. Tapestry, Inc. has a twelve month low of $93.00 and a twelve month high of $164.80. The business has a 50-day moving average price of $145.78 and a 200-day moving average price of $144.84. The firm has a market cap of $26.22 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 1.67 and a beta of 1.43.

Tapestry (NYSE:TPR – Get Free Report) last posted its earnings results on Thursday, August 13th. The luxury accessories retailer reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.04. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Tapestry had a net margin of 19.09% and a return on equity of 254.95%. Tapestry’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company posted $1.04 earnings per share. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. As a group, equities research analysts predict that Tapestry, Inc. will post 7.94 EPS for the current fiscal year.

Tapestry Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Friday, September 4th will be issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.4%. This is a positive change from Tapestry’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, September 4th. Tapestry’s payout ratio is presently 21.95%.

Tapestry 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.