Tapestry, Inc. $TPR Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG cut its stake in shares of Tapestry, Inc. (NYSE:TPR) by 62.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,744 shares of the luxury accessories retailer’s stock after selling 11,170 shares during the period. J. Safra Sarasin Holding AG’s holdings in Tapestry were worth $862,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC lifted its holdings in shares of Tapestry by 21.7% during the third quarter. Fisher Asset Management LLC now owns 608,266 shares of the luxury accessories retailer’s stock worth $68,868,000 after purchasing an additional 108,278 shares during the period. DNB Asset Management AS increased its stake in Tapestry by 1,331.4% in the 3rd quarter. DNB Asset Management AS now owns 39,478 shares of the luxury accessories retailer’s stock valued at $4,470,000 after buying an additional 36,720 shares during the period. Great Diamond Partners LLC purchased a new position in Tapestry during the 3rd quarter worth $2,395,000. Three Seasons Wealth LLC purchased a new position in Tapestry during the 3rd quarter worth $1,882,000. Finally, Stevens Capital Partners acquired a new stake in shares of Tapestry in the 3rd quarter worth $8,880,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Tapestry Stock Performance

TPR opened at $144.42 on Thursday. Tapestry, Inc. has a 1-year low of $58.39 and a 1-year high of $161.97. The stock has a market cap of $29.24 billion, a P/E ratio of 59.68, a P/E/G ratio of 1.69 and a beta of 1.59. The stock’s 50 day simple moving average is $144.51 and its 200 day simple moving average is $126.54. 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 (NYSE:TPR) last issued its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.49. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.Tapestry’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, equities analysts anticipate that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 6th were given a $0.40 dividend. The ex-dividend date was Friday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Tapestry’s payout ratio is currently 66.12%.

Insiders Place Their Bets

In other Tapestry news, Director Thomas Greco sold 14,245 shares of Tapestry stock in a transaction dated 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 completion of the transaction, the director owned 21,302 shares in the company, valued at approximately $3,289,880.88. The trade was a 40.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 671,193 shares in the company, valued at $103,947,659.91. This trade represents a 6.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 164,956 shares of company stock worth $25,297,262. 1.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TPR has been the topic of several analyst reports. Jefferies Financial Group downgraded shares of Tapestry from a “buy” rating to a “hold” rating and lowered their target price for the company from $142.00 to $138.00 in a report on Wednesday, January 14th. Telsey Advisory Group lifted their price objective on Tapestry to $150.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Sanford C. Bernstein reiterated an “outperform” rating and set a $170.00 target price on shares of Tapestry in a research report on Friday, February 6th. BTIG Research lifted their price target on Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, Citigroup raised their target price on Tapestry from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Tapestry presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.06.

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.