TD Asset Management Inc Has $9.71 Million Holdings in Tapestry, Inc. $TPR

TD Asset Management Inc decreased its position in shares of Tapestry, Inc. (NYSE:TPR) by 26.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,959 shares of the luxury accessories retailer’s stock after selling 27,521 shares during the quarter. TD Asset Management Inc’s holdings in Tapestry were worth $9,705,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Triumph Capital Management bought a new stake in shares of Tapestry during the 3rd quarter valued at $29,000. Steph & Co. lifted its stake in shares of Tapestry by 128.7% in the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after purchasing an additional 130 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of Tapestry in the 4th quarter valued at $31,000. Cornerstone Planning Group LLC lifted its stake in shares of Tapestry by 2,720.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 282 shares of the luxury accessories retailer’s stock valued at $36,000 after purchasing an additional 272 shares during the period. Finally, Sound Income Strategies LLC lifted its stake in shares of Tapestry by 157.4% in the 4th quarter. Sound Income Strategies LLC now owns 314 shares of the luxury accessories retailer’s stock valued at $41,000 after purchasing an additional 192 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Activity

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

Tapestry Price Performance

Shares of NYSE TPR opened at $145.42 on Wednesday. The stock has a market capitalization of $29.38 billion, a price-to-earnings ratio of 46.61, a PEG ratio of 1.43 and a beta of 1.42. The business has a 50-day moving average of $142.02 and a 200-day moving average of $136.98. 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 fifty-two week low of $78.59 and a fifty-two week high of $161.97.

Tapestry (NYSE:TPR) last announced 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 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%.Tapestry’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, sell-side analysts predict that Tapestry, Inc. will post 6.95 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be issued a $0.40 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is presently 51.28%.

Wall Street Analysts Forecast Growth

TPR has been the topic of a number of analyst reports. Raymond James Financial reissued an “outperform” rating and issued a $165.00 price target on shares of Tapestry in a research note on Thursday, April 23rd. BTIG Research reaffirmed a “buy” rating and set a $180.00 price objective on shares of Tapestry in a research note on Friday, May 8th. Robert W. Baird lifted their target price on Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. UBS Group raised Tapestry from a “neutral” rating to a “buy” rating and boosted their target price for the company from $142.00 to $187.00 in a research note on Friday, May 8th. Finally, BNP Paribas Exane assumed coverage on Tapestry in a research note on Friday, February 13th. They issued an “outperform” rating and a $176.00 target price for the company. Two 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $161.22.

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.