PKO Investment Management Joint Stock Co Sells 4,000 Shares of Tapestry, Inc. $TPR

PKO Investment Management Joint Stock Co decreased its holdings in Tapestry, Inc. (NYSE:TPR) by 23.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,000 shares of the luxury accessories retailer’s stock after selling 4,000 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in Tapestry were worth $1,661,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its holdings 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 purchasing an additional 1,494,193 shares during the last quarter. Schroder Investment Management Group grew its position in Tapestry by 21.1% in the 3rd quarter. Schroder Investment Management Group now owns 4,849,371 shares of the luxury accessories retailer’s stock worth $549,046,000 after purchasing an additional 846,553 shares during the period. AQR Capital Management LLC raised its stake in Tapestry by 21.4% during the 3rd quarter. AQR Capital Management LLC now owns 4,307,615 shares of the luxury accessories retailer’s stock valued at $487,708,000 after buying an additional 760,646 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Tapestry by 7.6% during the 3rd quarter. Northern Trust Corp now owns 2,870,821 shares of the luxury accessories retailer’s stock valued at $325,034,000 after buying an additional 203,520 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Tapestry by 250.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,449,170 shares of the luxury accessories retailer’s stock valued at $277,295,000 after buying an additional 1,750,566 shares during the period. Institutional investors own 90.77% of the company’s stock.

Tapestry Trading Down 1.5%

NYSE:TPR opened at $142.83 on Friday. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. The firm has a market capitalization of $28.92 billion, a price-to-earnings ratio of 59.02, a price-to-earnings-growth ratio of 1.71 and a beta of 1.46. Tapestry, Inc. has a one year low of $70.81 and a one year high of $161.97. The business has a fifty day moving average price of $147.31 and a 200-day moving average price of $131.64.

Tapestry (NYSE:TPR) last released its 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. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the business earned $2.00 earnings per share. Tapestry’s quarterly revenue was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Sell-side analysts forecast that Tapestry, Inc. will post 6.46 EPS for the current year.

Tapestry Announces Dividend

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

Insider Activity at Tapestry

In other Tapestry news, insider Denise Kulikowsky sold 9,166 shares of Tapestry stock in a transaction that occurred 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 transaction, the insider owned 26,942 shares of the company’s stock, valued at $4,192,714.04. The trade was a 25.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Todd Kahn sold 39,815 shares of the company’s stock in a transaction that occurred on 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 owned 120,578 shares of the company’s stock, valued at approximately $18,248,274.52. The trade was a 24.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 164,956 shares of company stock worth $25,297,262 in the last quarter. 1.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on TPR. Telsey Advisory Group lifted their price objective on Tapestry to $150.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 target price on shares of Tapestry in a report on Friday, February 6th. Raymond James Financial reissued an “outperform” rating and issued a $165.00 target price on shares of Tapestry in a research report on Thursday, April 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Tapestry in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group set a $166.00 price target on shares of Tapestry in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $153.89.

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.