Andra AP fonden Sells 15,300 Shares of Tapestry, Inc. $TPR

Andra AP fonden lowered its position in shares of Tapestry, Inc. (NYSE:TPR) by 11.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119,700 shares of the luxury accessories retailer’s stock after selling 15,300 shares during the period. Andra AP fonden’s holdings in Tapestry were worth $16,891,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Eurizon Capital SGR S.p.A. bought a new position in Tapestry during the 4th quarter valued at approximately $8,109,000. Norges Bank purchased a new position in shares of Tapestry during the fourth quarter valued at approximately $345,349,000. Keystone Investors PTE Ltd. lifted its stake in Tapestry by 17.4% in the fourth quarter. Keystone Investors PTE Ltd. now owns 62,622 shares of the luxury accessories retailer’s stock worth $8,001,000 after acquiring an additional 9,303 shares during the period. Aberdeen Group plc increased its position in Tapestry by 34.7% during the 4th quarter. Aberdeen Group plc now owns 47,573 shares of the luxury accessories retailer’s stock valued at $6,078,000 after purchasing an additional 12,251 shares during the period. Finally, SteelPeak Wealth LLC bought a new position in Tapestry in the 4th quarter worth $1,865,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

TPR has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Tapestry from $200.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. UBS Group upped their target price on Tapestry from $187.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Evercore set a $175.00 target price on Tapestry in a research report on Friday, May 8th. Morgan Stanley restated an “overweight” rating and set a $164.00 price target on shares of Tapestry in a research report on Monday, July 6th. Finally, Robert W. Baird increased their price objective on Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.06.

Tapestry Stock Performance

TPR stock opened at $142.32 on Wednesday. The stock’s 50 day simple moving average is $141.80 and its 200 day simple moving average is $142.31. The company has a current ratio of 1.84, a quick ratio of 1.27 and a debt-to-equity ratio of 3.48. Tapestry, Inc. has a 12-month low of $92.62 and a 12-month high of $161.97. The stock has a market capitalization of $28.75 billion, a PE ratio of 45.62, a price-to-earnings-growth ratio of 1.29 and a beta of 1.43.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.36. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, research analysts forecast that Tapestry, Inc. will post 6.96 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 1.1%. Tapestry’s dividend payout ratio is currently 51.28%.

Insider Transactions at Tapestry

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 transaction of $2,738,371.14. Following the transaction, the chief executive officer directly 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 filing with the Securities & Exchange Commission, which is available through this link. Also, 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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.32% of the company’s stock.

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.