Mitsubishi UFJ Asset Management Co. Ltd. Grows Stake in Tapestry, Inc. $TPR

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Tapestry, Inc. (NYSE:TPR) by 5.9% during the 4th quarter, HoldingsChannel reports. The firm owned 432,136 shares of the luxury accessories retailer’s stock after buying an additional 24,265 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Tapestry were worth $55,776,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TPR. Massachusetts Financial Services Co. MA increased its holdings in Tapestry by 250.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,449,170 shares of the luxury accessories retailer’s stock worth $277,295,000 after purchasing an additional 1,750,566 shares during the period. State Street Corp increased its holdings in Tapestry by 19.3% during the 3rd quarter. State Street Corp now owns 9,229,777 shares of the luxury accessories retailer’s stock worth $1,044,995,000 after purchasing an additional 1,494,193 shares during the period. Voloridge Investment Management LLC increased its holdings in Tapestry by 160.5% during the 3rd quarter. Voloridge Investment Management LLC now owns 1,886,518 shares of the luxury accessories retailer’s stock worth $213,592,000 after purchasing an additional 1,162,442 shares during the period. Two Sigma Investments LP increased its holdings in shares of Tapestry by 426.8% in the 3rd quarter. Two Sigma Investments LP now owns 1,122,520 shares of the luxury accessories retailer’s stock valued at $127,092,000 after acquiring an additional 909,433 shares during the period. Finally, Barclays PLC increased its holdings in shares of Tapestry by 191.9% in the 3rd quarter. Barclays PLC now owns 1,297,394 shares of the luxury accessories retailer’s stock valued at $146,891,000 after acquiring an additional 852,908 shares during the period. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wall Street Zen upgraded Tapestry from a “buy” rating to a “strong-buy” rating in a report on Saturday. TD Cowen reiterated a “buy” rating on shares of Tapestry in a report on Tuesday, February 10th. Barclays set a $179.00 price target on Tapestry and gave the company an “overweight” rating in a report on Friday, February 6th. Telsey Advisory Group lifted their price target on Tapestry to $150.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Finally, The Goldman Sachs Group set a $166.00 price target on Tapestry in a report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Tapestry presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.67.

More Tapestry News

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Tapestry beat fiscal third-quarter expectations, posting EPS of $1.66 on revenue of $1.92 billion, and also raised full-year guidance, which points to improving business momentum. Business Wire release
• Positive Sentiment: JPMorgan raised its price target on TPR to $200 from $190 and kept an overweight rating, signaling confidence in further upside from current levels. Benzinga report
• Positive Sentiment: BTIG reaffirmed a buy rating and set a $180 target, adding to the list of analysts turning more constructive after the earnings update. Benzinga report
• Neutral Sentiment: Tapestry announced a quarterly dividend of $0.40 per share, which supports shareholder returns but is not a major near-term catalyst. Earnings transcript
• Negative Sentiment: Despite the earnings beat, shares were pressured by concerns about tariffs and weaker performance at Kate Spade, suggesting investors are focusing on margin and brand-mix risks. Zacks article

Tapestry Stock Up 2.2%

Tapestry stock opened at $133.43 on Friday. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.10 and a current ratio of 1.84. The business’s 50-day simple moving average is $146.44 and its two-hundred day simple moving average is $132.25. The company has a market cap of $27.01 billion, a PE ratio of 42.77, a PEG ratio of 1.45 and a beta of 1.45. Tapestry, Inc. has a fifty-two week low of $76.29 and a fifty-two week high of $161.97.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.35. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Equities analysts anticipate that Tapestry, Inc. will post 6.95 EPS for the current year.

Tapestry Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, June 5th. Tapestry’s payout ratio is presently 66.12%.

Insider Buying and Selling at Tapestry

In other Tapestry news, VP Manesh Dadlani sold 2,147 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $153.47, for a total transaction of $329,500.09. Following the sale, the vice president owned 18,475 shares in the company, valued at approximately $2,835,358.25. The trade was a 10.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Greco sold 14,245 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $154.44, for a total value of $2,199,997.80. Following the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 164,956 shares of company stock worth $25,297,262. 1.32% of the stock is owned by corporate insiders.

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.