AG2R LA Mondiale Gestion D Actifs Purchases Shares of 10,732 Tapestry, Inc. $TPR

AG2R LA Mondiale Gestion D Actifs purchased a new stake in Tapestry, Inc. (NYSE:TPR) in the 4th quarter, HoldingsChannel reports. The fund purchased 10,732 shares of the luxury accessories retailer’s stock, valued at approximately $1,371,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TPR. Cloud Capital Management LLC bought a new stake in Tapestry in the third quarter valued at $26,000. Triumph Capital Management bought a new stake in shares of Tapestry during the third quarter worth about $29,000. Steph & Co. increased its position 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 acquiring an additional 130 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Tapestry during the fourth quarter worth about $31,000. Finally, Cornerstone Planning Group LLC increased its position 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 acquiring an additional 272 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Thomas Greco sold 14,245 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 21,302 shares in the company, valued at approximately $3,289,880.88. This represents a 40.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer owned 671,193 shares in the company, valued at $103,947,659.91. The trade was a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.32% of the company’s stock.

Tapestry Stock Down 1.2%

TPR opened at $131.75 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. The stock has a market cap of $26.62 billion, a price-to-earnings ratio of 42.23, a PEG ratio of 1.35 and a beta of 1.45. Tapestry, Inc. has a twelve month low of $76.29 and a twelve month high of $161.97. The company’s 50-day moving average price is $144.95 and its two-hundred day moving average price is $132.60.

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

Tapestry Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, June 5th. Tapestry’s dividend payout ratio is presently 51.28%.

Analyst Ratings Changes

Several equities research analysts have recently commented on TPR shares. TD Cowen reissued a “buy” rating on shares of Tapestry in a research report on Tuesday, February 10th. Argus set a $165.00 target price on shares of Tapestry in a research report on Thursday, March 12th. Sanford C. Bernstein reissued an “outperform” rating and set a $170.00 target price on shares of Tapestry in a research report on Friday, February 6th. BNP Paribas Exane started coverage on shares of Tapestry in a research report on Friday, February 13th. They set an “outperform” rating and a $176.00 target price for the company. Finally, Barclays set a $179.00 target price on shares of Tapestry and gave the stock an “overweight” rating in a research report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Tapestry presently has an average rating of “Moderate Buy” and a consensus price target of $160.67.

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.