Tapestry, Inc. $TPR Stock Holdings Lifted by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas grew its stake in Tapestry, Inc. (NYSE:TPR) by 12.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,286 shares of the luxury accessories retailer’s stock after buying an additional 5,261 shares during the period. Oddo BHF Asset Management Sas’ holdings in Tapestry were worth $6,170,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Schroder Investment Management Group lifted its position in shares of Tapestry by 92.8% during the 4th quarter. Schroder Investment Management Group now owns 9,350,221 shares of the luxury accessories retailer’s stock worth $1,194,678,000 after purchasing an additional 4,500,850 shares during the last quarter. Norges Bank acquired a new position in shares of Tapestry during the 4th quarter worth about $345,349,000. State Street Corp lifted its position in shares of Tapestry by 19.3% during the 3rd 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. Voloridge Investment Management LLC lifted its position in shares of Tapestry by 160.5% during the 3rd quarter. Voloridge Investment Management LLC now owns 1,886,518 shares of the luxury accessories retailer’s stock worth $213,592,000 after purchasing an additional 1,162,442 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Tapestry by 169.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,770,695 shares of the luxury accessories retailer’s stock worth $226,242,000 after purchasing an additional 1,114,082 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TPR. Weiss Ratings cut Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. JPMorgan Chase & Co. boosted their price objective on Tapestry from $200.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday. Raymond James Financial reissued an “outperform” rating and set a $165.00 price objective on shares of Tapestry in a research report on Thursday, April 23rd. UBS Group upgraded Tapestry from a “neutral” rating to a “buy” rating and boosted their price target for the company from $142.00 to $187.00 in a research note on Friday, May 8th. Finally, Robert W. Baird boosted their price target on Tapestry from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Tapestry has an average rating of “Moderate Buy” and an average target price of $165.12.

Tapestry Stock Up 2.3%

NYSE TPR opened at $150.80 on Tuesday. The firm has a market cap of $30.47 billion, a PE ratio of 48.33, a price-to-earnings-growth ratio of 1.50 and a beta of 1.42. Tapestry, Inc. has a one year low of $80.35 and a one year high of $161.97. The stock’s 50 day simple moving average is $142.43 and its 200 day simple moving average is $138.13. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27.

Tapestry (NYSE:TPR) last released its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 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 analyst estimates of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.Tapestry’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, sell-side analysts forecast that Tapestry, Inc. will post 6.95 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders 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 annualized dividend and a yield of 1.1%. Tapestry’s dividend payout ratio is currently 51.28%.

Insider Buying and Selling at Tapestry

In other news, CEO Todd Kahn sold 19,557 shares of the stock in a transaction on 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 transaction, the chief executive officer owned 123,258 shares of the company’s stock, valued at $17,258,585.16. This represents a 13.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was 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 in the company, valued at $86,701,954.26. The trade was a 4.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is currently owned by corporate insiders.

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.