Banco Bilbao Vizcaya Argentaria S.A. Raises Stock Position in Tapestry, Inc. $TPR

Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of Tapestry, Inc. (NYSE:TPR) by 6.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 69,897 shares of the luxury accessories retailer’s stock after buying an additional 4,127 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Tapestry were worth $7,900,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new position in Tapestry in the third quarter valued at about $26,000. Vestor Capital LLC acquired a new position in shares of Tapestry during the second quarter worth about $27,000. Johnson Financial Group Inc. purchased a new stake in shares of Tapestry in the second quarter worth about $39,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Tapestry in the second quarter worth about $45,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Tapestry in the second quarter valued at about $52,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on TPR. UBS Group reiterated a “neutral” rating and set a $141.00 target price on shares of Tapestry in a report on Monday, February 9th. Sanford C. Bernstein restated an “outperform” rating and issued a $170.00 price target on shares of Tapestry in a report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tapestry in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Tapestry from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, The Goldman Sachs Group set a $166.00 target price on shares of Tapestry in a research report on Friday, February 6th. Two investment 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.06.

Tapestry Trading Down 0.2%

NYSE:TPR opened at $141.82 on Tuesday. The stock has a market cap of $28.71 billion, a price-to-earnings ratio of 58.60, a price-to-earnings-growth ratio of 1.71 and a beta of 1.55. Tapestry, Inc. has a one year low of $58.39 and a one year high of $161.97. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63. The business’s 50-day simple moving average is $142.23 and its 200 day simple moving average is $123.53.

Tapestry (NYSE:TPR) last issued its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the firm earned $2.00 EPS. Tapestry’s quarterly revenue was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, sell-side 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. Stockholders of record on Friday, March 6th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is presently 66.12%.

Insider Buying and Selling at Tapestry

In other Tapestry news, Director Thomas Greco sold 14,245 shares of the 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 in the company, valued at $3,289,880.88. This represents a 40.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the 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 transaction, the chief executive officer owned 671,193 shares in the company, valued at $103,947,659.91. This trade represents a 6.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 164,956 shares of company stock valued at $25,297,262. Corporate 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.