Schroder Investment Management Group Purchases 846,553 Shares of Tapestry, Inc. $TPR

Schroder Investment Management Group raised its position in shares of Tapestry, Inc. (NYSE:TPR) by 21.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,849,371 shares of the luxury accessories retailer’s stock after purchasing an additional 846,553 shares during the quarter. Schroder Investment Management Group owned 2.37% of Tapestry worth $549,046,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC increased its holdings in shares of Tapestry by 21.7% in the 3rd 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 in the last quarter. DNB Asset Management AS boosted its position in shares of Tapestry by 1,331.4% during the third 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 last quarter. Great Diamond Partners LLC purchased a new stake in shares of Tapestry during the third quarter valued at $2,395,000. Three Seasons Wealth LLC bought a new stake in Tapestry in the 3rd quarter worth about $1,882,000. Finally, Stevens Capital Partners purchased a new position in Tapestry in the 3rd quarter worth about $8,880,000. Institutional investors own 90.77% of the company’s stock.

Tapestry Stock Performance

TPR opened at $144.10 on Monday. The company’s 50 day moving average is $140.38 and its 200 day moving average is $121.66. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. The company has a market cap of $29.17 billion, a price-to-earnings ratio of 59.55, a PEG ratio of 1.73 and a beta of 1.55. Tapestry, Inc. has a 12-month low of $58.39 and a 12-month high of $161.97.

Tapestry (NYSE:TPR) last announced its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.49. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The firm’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, equities research analysts predict that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 6th. This represents a $1.60 annualized dividend and a yield of 1.1%. Tapestry’s payout ratio is 66.12%.

Insider Activity at Tapestry

In other Tapestry news, CFO Scott A. Roe sold 44,290 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $152.62, for a total transaction of $6,759,539.80. Following the completion of the sale, the chief financial officer owned 139,128 shares of the company’s stock, valued at approximately $21,233,715.36. The trade was a 24.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Denise Kulikowsky sold 9,166 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $155.62, for a total value of $1,426,412.92. Following the completion of the transaction, the insider directly owned 26,942 shares in the company, valued at $4,192,714.04. This trade represents a 25.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 164,956 shares of company stock valued at $25,297,262 in the last ninety days. Corporate insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $170.00 target price on shares of Tapestry in a research note on Friday, February 6th. Wall Street Zen cut shares of Tapestry from a “strong-buy” rating to a “buy” rating in a report on Sunday. Zacks Research upgraded shares of Tapestry from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Citigroup raised their target price on shares of Tapestry from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $141.00 target price on shares of Tapestry in a research report on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Tapestry has an average rating of “Moderate Buy” and a consensus price target of $147.00.

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.