BI Asset Management Fondsmaeglerselskab A S Buys 42,417 Shares of Tapestry, Inc. $TPR

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Tapestry, Inc. (NYSE:TPR) by 234.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,546 shares of the luxury accessories retailer’s stock after acquiring an additional 42,417 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Tapestry were worth $7,736,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in Tapestry by 21.7% during the 3rd quarter. Fisher Asset Management LLC now owns 608,266 shares of the luxury accessories retailer’s stock valued at $68,868,000 after purchasing an additional 108,278 shares during the period. DNB Asset Management AS boosted its stake in Tapestry by 1,331.4% during the 3rd quarter. DNB Asset Management AS now owns 39,478 shares of the luxury accessories retailer’s stock valued at $4,470,000 after purchasing an additional 36,720 shares during the period. Russell Investments Group Ltd. raised its holdings in Tapestry by 23.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 217,408 shares of the luxury accessories retailer’s stock valued at $24,615,000 after acquiring an additional 41,556 shares in the last quarter. Advisory Research Inc. raised its holdings in Tapestry by 30.1% in the 3rd quarter. Advisory Research Inc. now owns 228,107 shares of the luxury accessories retailer’s stock valued at $25,826,000 after acquiring an additional 52,747 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC raised its holdings in Tapestry by 420.8% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 24,233 shares of the luxury accessories retailer’s stock valued at $2,744,000 after acquiring an additional 19,580 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Tapestry Stock Down 0.4%

NYSE:TPR opened at $139.95 on Friday. The stock’s fifty day simple moving average is $141.90 and its 200-day simple moving average is $136.18. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. The firm has a market capitalization of $28.28 billion, a P/E ratio of 44.86, a P/E/G ratio of 1.42 and a beta of 1.42. Tapestry, Inc. has a 12-month low of $77.86 and a 12-month high of $161.97.

Tapestry (NYSE:TPR) last posted its 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. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the prior year, the business earned $1.03 EPS. Tapestry’s revenue for the quarter was up 21.2% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Equities research analysts expect that Tapestry, Inc. will post 6.95 earnings per share for the current year.

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be given a $0.40 dividend. 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 currently 51.28%.

Insider Transactions at Tapestry

In related news, CEO Todd Kahn sold 19,557 shares of the business’s stock in a transaction that occurred 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 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the company’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 owned 652,434 shares of the company’s stock, valued at $86,701,954.26. The trade was a 4.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.32% of the company’s stock.

Analyst Ratings Changes

TPR has been the subject of several recent research reports. Robert W. Baird upped their price target on Tapestry from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Citigroup lifted their price objective on Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Zacks Research raised shares of Tapestry from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. JPMorgan Chase & Co. increased their price target on Tapestry from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Tapestry in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Tapestry presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.22.

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.