200,900 Shares in Tapestry, Inc. $TPR Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd bought a new stake in Tapestry, Inc. (NYSE:TPR) during the third quarter, HoldingsChannel reports. The institutional investor bought 200,900 shares of the luxury accessories retailer’s stock, valued at approximately $22,551,000.

A number of other large investors have also recently bought and sold shares of TPR. Vanguard Group Inc. raised its holdings in shares of Tapestry by 2.4% in the second quarter. Vanguard Group Inc. now owns 25,902,930 shares of the luxury accessories retailer’s stock worth $2,274,536,000 after acquiring an additional 606,686 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Tapestry by 3.0% during the second quarter. Geode Capital Management LLC now owns 5,500,858 shares of the luxury accessories retailer’s stock valued at $482,125,000 after acquiring an additional 158,782 shares during the last quarter. SRS Investment Management LLC boosted its stake in shares of Tapestry by 12.4% during the second quarter. SRS Investment Management LLC now owns 5,332,824 shares of the luxury accessories retailer’s stock valued at $468,275,000 after acquiring an additional 589,000 shares during the last quarter. Schroder Investment Management Group increased its position in Tapestry by 1,661.6% during the 2nd quarter. Schroder Investment Management Group now owns 4,002,818 shares of the luxury accessories retailer’s stock worth $351,487,000 after purchasing an additional 3,775,593 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Tapestry by 36.0% during the 2nd quarter. AQR Capital Management LLC now owns 3,546,969 shares of the luxury accessories retailer’s stock worth $311,388,000 after purchasing an additional 939,227 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Activity

In other Tapestry news, CEO Joanne C. Crevoiserat sold 48,795 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $154.87, for a total transaction of $7,556,881.65. Following the transaction, the chief executive officer owned 671,193 shares of the company’s stock, valued at $103,947,659.91. This trade represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Denise Kulikowsky sold 9,166 shares of Tapestry stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the completion of the transaction, the insider owned 26,942 shares in the company, valued at approximately $4,192,714.04. This trade represents a 25.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 164,956 shares of company stock valued at $25,297,262 in the last ninety days. 1.32% of the stock is owned by company insiders.

Tapestry Stock Performance

NYSE TPR opened at $144.10 on Friday. The business’s 50-day moving average price is $140.38 and its 200 day moving average price is $121.50. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. Tapestry, Inc. has a twelve month low of $58.39 and a twelve month high of $161.97. The company has a market capitalization of $29.17 billion, a PE ratio of 59.55, a price-to-earnings-growth ratio of 1.73 and a beta of 1.55.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, beating the consensus estimate of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the previous year, the business earned $2.00 EPS. The firm’s revenue was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, research analysts predict that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, March 6th. Tapestry’s payout ratio is presently 66.12%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TPR shares. Weiss Ratings restated a “hold (c)” rating on shares of Tapestry in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of Tapestry from a “strong-buy” rating to a “buy” rating in a report on Sunday. Telsey Advisory Group boosted their price objective on shares of Tapestry to $150.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Citigroup upped their price objective on shares of Tapestry from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $170.00 target price on shares of Tapestry in a research report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Tapestry presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

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.