Tapestry, Inc. $TPR Shares Acquired by Barclays PLC

Barclays PLC boosted its stake in Tapestry, Inc. (NYSE:TPR) by 191.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,297,394 shares of the luxury accessories retailer’s stock after purchasing an additional 852,908 shares during the quarter. Barclays PLC’s holdings in Tapestry were worth $146,891,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of TPR. Schroder Investment Management Group raised its stake in Tapestry by 1,661.6% during 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 purchasing an additional 3,775,593 shares during the period. Norges Bank purchased a new stake in shares of Tapestry during the 2nd quarter valued at $227,248,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Tapestry by 250.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,449,170 shares of the luxury accessories retailer’s stock worth $277,295,000 after buying an additional 1,750,566 shares during the last quarter. AQR Capital Management LLC increased 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 buying an additional 939,227 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Tapestry by 2,547.4% in the 2nd quarter. Marshall Wace LLP now owns 955,667 shares of the luxury accessories retailer’s stock worth $83,917,000 after buying an additional 919,569 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Transactions at Tapestry

In other news, Director Thomas Greco sold 14,245 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $154.44, for a total transaction of $2,199,997.80. Following the transaction, the director directly owned 21,302 shares of the company’s stock, valued at approximately $3,289,880.88. The trade was a 40.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Denise Kulikowsky sold 9,166 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the completion of the transaction, the insider owned 26,942 shares of the company’s stock, valued at $4,192,714.04. This trade represents a 25.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 164,956 shares of company stock worth $25,297,262 over the last 90 days. 1.32% of the stock is owned by corporate insiders.

Tapestry Trading Down 3.7%

NYSE:TPR opened at $144.10 on Friday. The business’s 50-day moving average is $140.38 and its two-hundred day moving average is $121.50. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. Tapestry, Inc. has a 12 month low of $58.39 and a 12 month high of $161.97. The firm has a market capitalization of $29.17 billion, a PE ratio of 59.55, a price-to-earnings-growth ratio of 1.73 and a beta of 1.55.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the business earned $2.00 earnings per share. The company’s revenue was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Research analysts predict that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, March 6th. Tapestry’s dividend payout ratio is currently 66.12%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TPR. Telsey Advisory Group lifted their target price on Tapestry to $150.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. TD Cowen restated a “buy” rating on shares of Tapestry in a research note on Tuesday, February 10th. The Goldman Sachs Group set a $166.00 price objective on Tapestry in a report on Friday, February 6th. UBS Group reiterated a “neutral” rating and set a $141.00 target price on shares of Tapestry in a report on Monday, February 9th. Finally, Evercore increased their target price on shares of Tapestry from $129.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.00.

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.