Robeco Institutional Asset Management B.V. Has $23.03 Million Position in Tapestry, Inc. $TPR

Robeco Institutional Asset Management B.V. increased its holdings in shares of Tapestry, Inc. (NYSE:TPR) by 87.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 203,430 shares of the luxury accessories retailer’s stock after purchasing an additional 94,989 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Tapestry were worth $23,032,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Flaharty Asset Management LLC bought a new stake in shares of Tapestry during the first quarter worth $25,000. First PREMIER Bank bought a new position in Tapestry in the second quarter valued at $25,000. Vestor Capital LLC acquired a new stake in Tapestry in the 2nd quarter valued at $27,000. CVA Family Office LLC increased its position in shares of Tapestry by 224.8% in the second quarter. CVA Family Office LLC now owns 380 shares of the luxury accessories retailer’s stock valued at $33,000 after acquiring an additional 263 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in Tapestry in the second quarter valued at approximately $37,000. Institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

TPR has been the subject of several analyst reports. Guggenheim started coverage on shares of Tapestry in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company. BTIG Research assumed coverage on shares of Tapestry in a research note on Tuesday, October 14th. They issued a “buy” rating and a $140.00 target price for the company. Jefferies Financial Group lifted their price target on Tapestry from $135.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, December 12th. JPMorgan Chase & Co. upped their price objective on Tapestry from $147.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Finally, Evercore ISI lifted their target price on Tapestry from $125.00 to $129.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $126.21.

Insider Transactions at Tapestry

In other news, CFO Scott A. Roe sold 18,794 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $104.85, for a total value of $1,970,550.90. Following the sale, the chief financial officer directly owned 148,149 shares in the company, valued at approximately $15,533,422.65. This trade represents a 11.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Todd Kahn sold 29,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $102.83, for a total transaction of $2,982,070.00. Following the completion of the transaction, the chief executive officer directly owned 86,736 shares of the company’s stock, valued at approximately $8,919,062.88. The trade was a 25.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 115,485 shares of company stock valued at $12,034,058. 1.32% of the stock is owned by company insiders.

Tapestry Trading Up 1.9%

Shares of Tapestry stock opened at $133.43 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.52 and a debt-to-equity ratio of 5.95. Tapestry, Inc. has a 12-month low of $58.39 and a 12-month high of $134.22. The company has a market capitalization of $27.31 billion, a price-to-earnings ratio of 119.13, a PEG ratio of 2.69 and a beta of 1.63. The firm’s 50-day moving average price is $116.24 and its two-hundred day moving average price is $109.35.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 EPS for the quarter, beating the consensus estimate of $1.25 by $0.13. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. On average, analysts forecast that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 5th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.60 annualized dividend and a yield of 1.2%. Tapestry’s dividend payout ratio (DPR) is 142.86%.

Tapestry declared that its Board of Directors has initiated a stock buyback plan on Thursday, November 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the luxury accessories retailer to purchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Tapestry Company 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.