Tapestry, Inc. $TPR Shares Bought by Swiss National Bank

Swiss National Bank raised its holdings in Tapestry, Inc. (NYSE:TPR) by 51.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 598,679 shares of the luxury accessories retailer’s stock after buying an additional 203,079 shares during the period. Swiss National Bank owned approximately 0.29% of Tapestry worth $67,782,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cloud Capital Management LLC acquired a new stake in shares of Tapestry in the third quarter valued at $26,000. Vestor Capital LLC purchased a new stake in Tapestry during the 2nd quarter worth about $27,000. Johnson Financial Group Inc. purchased a new stake in Tapestry during the 2nd quarter worth about $39,000. Elevation Point Wealth Partners LLC acquired a new stake in Tapestry in the 2nd quarter valued at about $45,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Tapestry in the 2nd quarter valued at about $52,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TPR. 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. Barclays set a $179.00 price target on shares of Tapestry and gave the stock an “overweight” rating in a research note on Friday, February 6th. Zacks Research upgraded shares of Tapestry from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Citigroup raised their price objective on shares of Tapestry from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Jefferies Financial Group cut shares of Tapestry from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $142.00 to $138.00 in a research report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.00.

Tapestry Price Performance

TPR stock opened at $145.33 on Thursday. The business has a 50 day moving average price of $141.41 and a 200 day moving average price of $122.50. The stock has a market cap of $29.42 billion, a price-to-earnings ratio of 60.05, a PEG ratio of 1.78 and a beta of 1.55. Tapestry, Inc. has a fifty-two week low of $58.39 and a fifty-two week high of $161.97. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32.

Tapestry (NYSE:TPR) last announced its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, beating the consensus estimate of $2.20 by $0.49. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the firm posted $2.00 earnings per share. The firm’s revenue was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Equities research analysts anticipate that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s dividend payout ratio (DPR) is 66.12%.

Insider Activity

In related news, Director Anne Gates sold 6,498 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $153.79, for a total value of $999,327.42. Following the completion of the sale, the director directly owned 22,698 shares of the company’s stock, valued at $3,490,725.42. The trade was a 22.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Denise Kulikowsky sold 9,166 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the completion of the transaction, the insider owned 26,942 shares of the company’s stock, valued at $4,192,714.04. This represents a 25.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 164,956 shares of company stock worth $25,297,262 over the last three months. Company insiders own 1.32% of the company’s stock.

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.