Fjarde AP Fonden Fourth Swedish National Pension Fund Takes $4.20 Million Position in Tapestry, Inc. $TPR

Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new position in shares of Tapestry, Inc. (NYSE:TPR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,100 shares of the luxury accessories retailer’s stock, valued at approximately $4,200,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 1858 Wealth Management LLC increased its stake in Tapestry by 2.5% in the 2nd quarter. 1858 Wealth Management LLC now owns 3,835 shares of the luxury accessories retailer’s stock valued at $337,000 after buying an additional 95 shares during the period. Convergence Financial LLC boosted its holdings in shares of Tapestry by 3.0% in the second quarter. Convergence Financial LLC now owns 3,386 shares of the luxury accessories retailer’s stock valued at $297,000 after acquiring an additional 98 shares in the last quarter. Earned Wealth Advisors LLC increased its stake in shares of Tapestry by 1.6% during the second quarter. Earned Wealth Advisors LLC now owns 7,304 shares of the luxury accessories retailer’s stock worth $641,000 after acquiring an additional 116 shares during the period. Blue Trust Inc. raised its holdings in Tapestry by 19.7% during the third quarter. Blue Trust Inc. now owns 741 shares of the luxury accessories retailer’s stock worth $84,000 after purchasing an additional 122 shares in the last quarter. Finally, Wedmont Private Capital lifted its position in Tapestry by 3.3% in the third quarter. Wedmont Private Capital now owns 4,352 shares of the luxury accessories retailer’s stock valued at $502,000 after purchasing an additional 139 shares during the period. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tapestry

In other news, CEO Todd Kahn sold 10,344 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $107.00, for a total value of $1,106,808.00. Following the completion of the transaction, the chief executive officer directly owned 131,815 shares of the company’s stock, valued at $14,104,205. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Denise Kulikowsky sold 583 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $115.17, for a total value of $67,144.11. Following the completion of the sale, the insider owned 19,285 shares in the company, valued at $2,221,053.45. This represents a 2.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 115,485 shares of company stock worth $12,034,058 in the last quarter. Insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TPR shares. Wells Fargo & Company boosted their target price on Tapestry from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Tapestry in a report on Wednesday, December 17th. Morgan Stanley raised their target price on Tapestry from $124.00 to $126.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Raymond James Financial upped their price target on shares of Tapestry from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Finally, Guggenheim assumed coverage on shares of Tapestry in a report on Tuesday, December 9th. They issued a “neutral” rating for the company. Sixteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $126.05.

Tapestry Trading Down 1.6%

Shares of TPR stock opened at $130.89 on Monday. The stock has a market cap of $26.79 billion, a P/E ratio of 116.86, a P/E/G ratio of 2.69 and a beta of 1.63. 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 fifty-two week low of $58.39 and a fifty-two week high of $136.04. The business has a fifty day simple moving average of $119.56 and a 200-day simple moving average of $111.64.

Tapestry (NYSE:TPR) last issued its quarterly earnings data on Thursday, November 6th. The luxury accessories retailer reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.13. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the company earned $0.84 EPS. The firm’s revenue was up 13.1% on a year-over-year basis. 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 announced that its Board of Directors has initiated a share buyback program on Thursday, November 6th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the luxury accessories retailer to reacquire up to 4.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Tapestry Dividend Announcement

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

About Tapestry

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.