Aware Super Pty Ltd as trustee of Aware Super Invests $27.97 Million in Tapestry, Inc. $TPR

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Tapestry, Inc. (NYSE:TPR) in the 1st quarter, Holdings Channel reports. The firm acquired 198,189 shares of the luxury accessories retailer’s stock, valued at approximately $27,966,000.

Other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. increased its position in Tapestry by 50.5% in the 1st quarter. D.A. Davidson & CO. now owns 5,343 shares of the luxury accessories retailer’s stock valued at $754,000 after buying an additional 1,792 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Tapestry by 12.9% in the first quarter. Illinois Municipal Retirement Fund now owns 114,384 shares of the luxury accessories retailer’s stock worth $16,141,000 after acquiring an additional 13,033 shares in the last quarter. Three Seasons Wealth LLC acquired a new stake in Tapestry in the first quarter valued at approximately $657,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Tapestry by 9.8% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 73,803 shares of the luxury accessories retailer’s stock valued at $10,414,000 after acquiring an additional 6,600 shares during the period. Finally, Sigma Planning Corp bought a new stake in shares of Tapestry during the first quarter valued at approximately $897,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Transactions at Tapestry

In related news, CEO Todd Kahn sold 19,557 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were 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 trade represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total transaction 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Tapestry from $200.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Raymond James Financial reissued an “outperform” rating and issued a $165.00 price target on shares of Tapestry in a research report on Thursday, April 23rd. Evercore set a $175.00 price target on shares of Tapestry in a research note on Friday, May 8th. UBS Group upped their price objective on shares of Tapestry from $187.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $164.00 price objective on shares of Tapestry in a research note on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $170.06.

Tapestry Trading Up 2.9%

Shares of Tapestry stock opened at $144.29 on Friday. The company has a market capitalization of $29.15 billion, a P/E ratio of 46.25, a price-to-earnings-growth ratio of 1.29 and a beta of 1.43. The stock has a fifty day simple moving average of $141.27 and a 200 day simple moving average of $142.05. Tapestry, Inc. has a 12-month low of $92.62 and a 12-month high of $161.97. 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 (NYSE:TPR) last issued its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, beating the consensus estimate 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%.The business’s revenue was up 21.2% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, sell-side analysts anticipate that Tapestry, Inc. will post 6.96 earnings per share for the current fiscal year.

Tapestry Announces Dividend

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

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.