Korea Investment CORP Buys New Shares in Tapestry, Inc. $TPR

Korea Investment CORP bought a new position in shares of Tapestry, Inc. (NYSE:TPR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 237,345 shares of the luxury accessories retailer’s stock, valued at approximately $26,872,000. Korea Investment CORP owned approximately 0.12% of Tapestry as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Cloud Capital Management LLC acquired a new position in shares of Tapestry during the third quarter valued at about $26,000. Vestor Capital LLC acquired a new stake in shares of Tapestry in the 2nd quarter valued at about $27,000. Johnson Financial Group Inc. bought a new stake in Tapestry in the 2nd quarter valued at about $39,000. Elevation Point Wealth Partners LLC acquired a new position in Tapestry during the 2nd quarter worth approximately $45,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Tapestry during the 2nd quarter worth approximately $52,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Tapestry Trading Up 0.8%

Shares of TPR stock opened at $145.33 on Tuesday. Tapestry, Inc. has a 12-month low of $58.39 and a 12-month high of $161.97. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32. The company has a 50 day moving average of $140.68 and a 200-day moving average of $121.99. The firm has a market cap of $29.42 billion, a P/E ratio of 60.05, a PEG ratio of 1.73 and a beta of 1.55.

Tapestry (NYSE:TPR) last announced its quarterly earnings data 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. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.Tapestry’s revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Sell-side analysts anticipate that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 annualized dividend and a yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is 66.12%.

Insiders Place Their Bets

In other Tapestry news, CEO Joanne C. Crevoiserat sold 48,795 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $154.87, for a total transaction of $7,556,881.65. Following the sale, the chief executive officer owned 671,193 shares of the company’s stock, valued at $103,947,659.91. The trade was a 6.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Denise Kulikowsky sold 9,166 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $155.62, for a total value of $1,426,412.92. Following the completion of the transaction, the insider directly 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 disclosure for this sale is available in the SEC filing. Insiders sold 164,956 shares of company stock worth $25,297,262 in the last three months. Insiders own 1.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen cut Tapestry from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Jefferies Financial Group lowered Tapestry from a “buy” rating to a “hold” rating and lowered their target price for the stock from $142.00 to $138.00 in a research report on Wednesday, January 14th. BTIG Research increased their target price on Tapestry from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Guggenheim initiated coverage on shares of Tapestry in a research report on Tuesday, December 9th. They issued a “neutral” rating for the company. Finally, Barclays set a $179.00 price target on shares of Tapestry and gave the company an “overweight” rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $147.00.

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.