WINTON GROUP Ltd Sells 29,096 Shares of Tapestry, Inc. $TPR

WINTON GROUP Ltd decreased its holdings in Tapestry, Inc. (NYSE:TPR) by 51.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 26,928 shares of the luxury accessories retailer’s stock after selling 29,096 shares during the quarter. WINTON GROUP Ltd’s holdings in Tapestry were worth $3,441,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Northwest Wealth Management LLC raised its stake in Tapestry by 3.4% in the fourth quarter. Northwest Wealth Management LLC now owns 2,462 shares of the luxury accessories retailer’s stock worth $315,000 after buying an additional 82 shares in the last quarter. Fulton Bank N.A. raised its stake in Tapestry by 2.8% in the fourth quarter. Fulton Bank N.A. now owns 3,166 shares of the luxury accessories retailer’s stock worth $405,000 after buying an additional 87 shares in the last quarter. CVA Family Office LLC raised its stake in Tapestry by 23.4% in the fourth quarter. CVA Family Office LLC now owns 469 shares of the luxury accessories retailer’s stock worth $60,000 after buying an additional 89 shares in the last quarter. Clark Financial Services Group Inc. BD raised its stake in Tapestry by 1.8% in the fourth quarter. Clark Financial Services Group Inc. BD now owns 5,701 shares of the luxury accessories retailer’s stock worth $733,000 after buying an additional 103 shares in the last quarter. Finally, Essex Financial Services Inc. raised its stake in Tapestry by 3.5% in the third quarter. Essex Financial Services Inc. now owns 3,324 shares of the luxury accessories retailer’s stock worth $376,000 after buying an additional 113 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Tapestry Stock Performance

Shares of TPR stock opened at $139.95 on Monday. The business’s fifty day simple moving average is $141.90 and its 200-day simple moving average is $136.42. The company has a market cap of $28.28 billion, a PE ratio of 44.86, a PEG ratio of 1.42 and a beta of 1.42. The company has a current ratio of 1.84, a quick ratio of 1.27 and a debt-to-equity ratio of 3.48. Tapestry, Inc. has a 12-month low of $77.86 and a 12-month high of $161.97.

Tapestry (NYSE:TPR) last issued its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.36. The business had revenue of $1.92 billion for 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 business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Analysts expect that Tapestry, Inc. will post 6.95 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Tapestry’s payout ratio is 51.28%.

Insiders Place Their Bets

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,776 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were 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 of the company’s stock, valued at approximately $86,701,954.26. This represents a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of the company’s stock in a transaction 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 ownership of the stock. The SEC filing for this sale provides additional information. 1.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TPR has been the topic of a number of recent analyst reports. Weiss Ratings downgraded Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. BNP Paribas Exane initiated coverage on Tapestry in a research report on Friday, February 13th. They set an “outperform” rating and a $176.00 price target on the stock. Citigroup upped their price target on Tapestry from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Argus set a $165.00 price target on Tapestry in a research report on Thursday, March 12th. Finally, Robert W. Baird upped their price target on Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Two investment 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $161.22.

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.