Fideuram Asset Management Ireland dac Invests $877,000 in Tapestry, Inc. $TPR

Fideuram Asset Management Ireland dac bought a new position in shares of Tapestry, Inc. (NYSE:TPR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,861 shares of the luxury accessories retailer’s stock, valued at approximately $877,000.

Other hedge funds have also modified their holdings of the company. Cloud Capital Management LLC purchased a new position in shares of Tapestry during the third quarter worth approximately $26,000. Triumph Capital Management purchased a new position in shares of Tapestry during the third quarter worth approximately $29,000. Steph & Co. lifted its holdings in shares of Tapestry by 128.7% during the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock worth $30,000 after purchasing an additional 130 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of Tapestry during the fourth quarter worth $31,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Tapestry by 2,720.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 282 shares of the luxury accessories retailer’s stock worth $36,000 after purchasing an additional 272 shares during the period. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,776 shares of the firm’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 completion of the sale, the chief executive officer owned 652,434 shares of the company’s stock, valued at approximately $86,701,954.26. This trade represents a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were 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 of the company’s stock, valued at approximately $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. 1.32% of the stock is currently owned by company insiders.

Tapestry Price Performance

Shares of NYSE TPR opened at $145.40 on Friday. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27. The stock has a fifty day moving average price of $142.31 and a 200 day moving average price of $134.90. Tapestry, Inc. has a 1-year low of $76.92 and a 1-year high of $161.97. The company has a market cap of $29.38 billion, a PE ratio of 46.60, a P/E/G ratio of 1.48 and a beta of 1.45.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, beating 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 company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the company earned $1.03 earnings per share. Tapestry’s quarterly revenue was up 21.2% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Sell-side analysts forecast that Tapestry, Inc. will post 6.95 EPS for the current year.

Tapestry Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be issued 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 yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is 51.28%.

Analyst Ratings Changes

TPR has been the subject of several recent research reports. Wall Street Zen raised Tapestry from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Telsey Advisory Group increased their price target on Tapestry to $150.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. UBS Group raised Tapestry from a “neutral” rating to a “buy” rating and increased their price target for the stock from $142.00 to $187.00 in a report on Friday, May 8th. Wells Fargo & Company increased their price target on Tapestry from $142.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, The Goldman Sachs Group set a $166.00 price target on Tapestry in a report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $160.67.

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.