National Pension Service Buys Shares of 5,367 Tapestry, Inc. $TPR

National Pension Service purchased a new stake in Tapestry, Inc. (NYSE:TPR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,367 shares of the luxury accessories retailer’s stock, valued at approximately $608,000.

Several other institutional investors have also recently made changes to their positions in TPR. Schroder Investment Management Group grew its position in Tapestry by 1,661.6% in the second quarter. Schroder Investment Management Group now owns 4,002,818 shares of the luxury accessories retailer’s stock worth $351,487,000 after acquiring an additional 3,775,593 shares during the period. Norges Bank acquired a new position in shares of Tapestry in the 2nd quarter valued at $227,248,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Tapestry by 250.6% in 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 purchasing an additional 1,750,566 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of 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 during the period. Finally, Marshall Wace LLP increased its position in shares of Tapestry by 2,547.4% during the 2nd quarter. Marshall Wace LLP now owns 955,667 shares of the luxury accessories retailer’s stock worth $83,917,000 after purchasing an additional 919,569 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

TPR has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tapestry in a research report on Wednesday, January 21st. Robert W. Baird set a $140.00 price objective on shares of Tapestry in a report on Wednesday, December 17th. Jefferies Financial Group downgraded shares of Tapestry from a “buy” rating to a “hold” rating and dropped their target price for the company from $142.00 to $138.00 in a report on Wednesday, January 14th. Wall Street Zen lowered Tapestry from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, UBS Group raised their price target on Tapestry from $105.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $131.05.

Insider Buying and Selling

In other news, insider David E. Howard sold 25,029 shares of Tapestry stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $102.50, for a total transaction of $2,565,472.50. Following the completion of the sale, the insider directly owned 55,354 shares of the company’s stock, valued at approximately $5,673,785. The trade was a 31.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joanne C. Crevoiserat sold 31,735 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $105.31, for a total transaction of $3,342,012.85. Following the transaction, the chief executive officer owned 667,233 shares of the company’s stock, valued at approximately $70,266,307.23. The trade was a 4.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 115,485 shares of company stock valued at $12,034,058 over the last ninety days. 1.32% of the stock is currently owned by corporate insiders.

Tapestry Stock Down 2.1%

Shares of NYSE TPR opened at $126.98 on Wednesday. The stock has a market cap of $25.99 billion, a P/E ratio of 113.38, a PEG ratio of 2.22 and a beta of 1.63. The business’s fifty day simple moving average is $125.51 and its 200-day simple moving average is $114.28. Tapestry, Inc. has a 12-month low of $58.39 and a 12-month high of $136.04. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 5.95.

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

Tapestry Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 5th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, December 5th. Tapestry’s dividend payout ratio is presently 142.86%.

Tapestry declared that its board has initiated a stock buyback program on Thursday, November 6th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the luxury accessories retailer to purchase up to 4.9% of its shares through open market purchases. Shares buyback programs are generally 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.