Fideuram Intesa Sanpaolo Private Banking S.P.A. Cuts Stake in Tapestry, Inc. $TPR

Fideuram Intesa Sanpaolo Private Banking S.P.A. lowered its holdings in shares of Tapestry, Inc. (NYSE:TPR) by 47.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,661 shares of the luxury accessories retailer’s stock after selling 4,167 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Tapestry were worth $658,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its stake in shares of Tapestry by 23.6% in the third quarter. Russell Investments Group Ltd. now owns 217,408 shares of the luxury accessories retailer’s stock worth $24,615,000 after buying an additional 41,556 shares during the period. Eurizon Capital SGR S.p.A. purchased a new stake in Tapestry during the 4th quarter valued at $8,109,000. Advisory Research Inc. boosted its position in Tapestry by 30.1% during the 3rd quarter. Advisory Research Inc. now owns 228,107 shares of the luxury accessories retailer’s stock valued at $25,826,000 after buying an additional 52,747 shares during the period. Schroder Investment Management Group grew its holdings in Tapestry by 21.1% in the 3rd quarter. Schroder Investment Management Group now owns 4,849,371 shares of the luxury accessories retailer’s stock worth $549,046,000 after acquiring an additional 846,553 shares during the last quarter. Finally, WINTON GROUP Ltd grew its holdings in Tapestry by 44.7% in the 3rd quarter. WINTON GROUP Ltd now owns 56,024 shares of the luxury accessories retailer’s stock worth $6,343,000 after acquiring an additional 17,302 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Tapestry Stock Down 0.0%

Shares of NYSE TPR opened at $144.19 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.27 and a debt-to-equity ratio of 3.48. Tapestry, Inc. has a 12 month low of $86.68 and a 12 month high of $161.97. The firm has a market capitalization of $29.13 billion, a PE ratio of 46.22, a price-to-earnings-growth ratio of 1.34 and a beta of 1.43. The firm has a fifty day simple moving average of $141.69 and a two-hundred day simple moving average of $141.05.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, topping the consensus estimate of $1.30 by $0.36. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the company posted $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Equities analysts expect that Tapestry, Inc. will post 6.95 earnings per share for the current year.

Tapestry Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were issued a $0.40 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is 51.28%.

Wall Street Analysts Forecast Growth

TPR has been the subject of several recent analyst reports. Argus set a $165.00 price objective on shares of Tapestry in a research note on Thursday, March 12th. JPMorgan Chase & Co. raised their target price on Tapestry from $200.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Robert W. Baird boosted 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. Raymond James Financial reaffirmed an “outperform” rating and set a $165.00 price target on shares of Tapestry in a research report on Thursday, April 23rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $180.00 price objective on shares of Tapestry in a report on Tuesday, June 2nd. 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’s stock. According to data from MarketBeat, Tapestry currently has a consensus rating of “Moderate Buy” and an average target price of $167.65.

Insider Activity at Tapestry

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the sale, the chief executive officer directly owned 652,434 shares of the company’s stock, valued at approximately $86,701,954.26. The trade was a 4.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of the company’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 transaction, the chief executive officer owned 123,258 shares in the company, valued at $17,258,585.16. This trade represents a 13.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.32% of the company’s stock.

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.