Tapestry, Inc. $TPR Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Tapestry, Inc. (NYSE:TPR) by 59.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 53,200 shares of the luxury accessories retailer’s stock after buying an additional 19,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Tapestry were worth $7,507,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Woodline Partners LP boosted its position in shares of Tapestry by 25.0% in the first quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock worth $1,231,000 after acquiring an additional 3,495 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Tapestry during the first quarter valued at about $493,000. Sivia Capital Partners LLC bought a new position in Tapestry during the 2nd quarter valued at $602,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Tapestry during the 2nd quarter valued at approximately $6,307,000. Finally, Brown Advisory Inc. lifted its holdings in Tapestry by 13.8% in the second quarter. Brown Advisory Inc. now owns 3,630 shares of the luxury accessories retailer’s stock worth $319,000 after acquiring an additional 439 shares during the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Raymond James Financial reiterated an “outperform” rating and set a $165.00 price target on shares of Tapestry in a research report on Thursday, April 23rd. JPMorgan Chase & Co. boosted their target price on shares of Tapestry from $200.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Robert W. Baird raised their price target on shares of Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Wall Street Zen raised Tapestry from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, BTIG Research reaffirmed a “buy” rating and set a $180.00 price objective on shares of Tapestry in a research report on Wednesday, June 10th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $167.65.

Tapestry Stock Down 0.0%

Shares of TPR opened at $144.19 on Monday. The company has a 50-day simple moving average of $141.69 and a 200-day simple moving average of $141.17. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.27 and a current ratio of 1.84. Tapestry, Inc. has a 52 week low of $86.68 and a 52 week high of $161.97. The firm has a market capitalization of $29.13 billion, a P/E ratio of 46.22, a P/E/G ratio of 1.34 and a beta of 1.43.

Tapestry (NYSE:TPR) last released its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.36. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.Tapestry’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, equities research analysts expect that Tapestry, Inc. will post 6.95 earnings per share for the current year.

Tapestry Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Todd Kahn sold 19,557 shares of the stock in a transaction 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 of the company’s stock, valued at $17,258,585.16. This represents a 13.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 652,434 shares in the company, valued at approximately $86,701,954.26. This trade represents a 4.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.