Tapestry, Inc. $TPR Shares Acquired by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Tapestry, Inc. (NYSE:TPR) by 9.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 73,803 shares of the luxury accessories retailer’s stock after purchasing an additional 6,600 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Tapestry were worth $10,414,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Tapestry during the 4th quarter valued at approximately $8,109,000. Norges Bank bought a new position in Tapestry during the fourth quarter worth $345,349,000. Aberdeen Group plc boosted its holdings in Tapestry by 34.7% in the fourth quarter. Aberdeen Group plc now owns 47,573 shares of the luxury accessories retailer’s stock worth $6,078,000 after purchasing an additional 12,251 shares during the period. Keystone Investors PTE Ltd. boosted its holdings in Tapestry by 17.4% in the fourth quarter. Keystone Investors PTE Ltd. now owns 62,622 shares of the luxury accessories retailer’s stock worth $8,001,000 after purchasing an additional 9,303 shares during the period. Finally, SteelPeak Wealth LLC bought a new stake in Tapestry during the fourth quarter valued at $1,865,000. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tapestry

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the sale, the chief executive officer directly owned 652,434 shares in the company, valued at approximately $86,701,954.26. The trade was a 4.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the completion of the sale, the chief executive officer directly owned 123,258 shares of the company’s stock, valued at approximately $17,258,585.16. This represents a 13.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.32% of the company’s stock.

Tapestry Stock Down 0.7%

Shares of Tapestry stock opened at $135.22 on Wednesday. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27. Tapestry, Inc. has a 1-year low of $92.62 and a 1-year high of $161.97. The business’s fifty day moving average price is $141.16 and its two-hundred day moving average price is $141.88. The company has a market capitalization of $27.32 billion, a P/E ratio of 43.34, a PEG ratio of 1.25 and a beta of 1.43.

Tapestry (NYSE:TPR) last released its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.36. The company had revenue of $1.92 billion during 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 company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, research analysts forecast that Tapestry, Inc. will post 6.96 EPS for the current year.

Tapestry Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 1.2%. Tapestry’s dividend payout ratio is presently 51.28%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TPR. Weiss Ratings cut shares of Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. lifted their price target on shares of Tapestry from $200.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $164.00 price objective on shares of Tapestry in a research report on Monday, July 6th. Sanford C. Bernstein reiterated an “outperform” rating and set a $180.00 price objective on shares of Tapestry in a research note on Tuesday, June 2nd. Finally, Evercore set a $175.00 target price on shares of Tapestry in a report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Tapestry presently has an average rating of “Moderate Buy” and an average target price of $169.88.

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.