Tapestry, Inc. $TPR Stock Holdings Trimmed by Candriam S.C.A.

Candriam S.C.A. lowered its stake in Tapestry, Inc. (NYSE:TPR) by 12.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 228,712 shares of the luxury accessories retailer’s stock after selling 32,122 shares during the quarter. Candriam S.C.A.’s holdings in Tapestry were worth $25,895,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Tapestry by 2.4% in the second quarter. Vanguard Group Inc. now owns 25,902,930 shares of the luxury accessories retailer’s stock valued at $2,274,536,000 after acquiring an additional 606,686 shares in the last quarter. Geode Capital Management LLC lifted its position in Tapestry by 3.0% in the second quarter. Geode Capital Management LLC now owns 5,500,858 shares of the luxury accessories retailer’s stock worth $482,125,000 after purchasing an additional 158,782 shares during the period. SRS Investment Management LLC boosted its stake in Tapestry by 12.4% during the 2nd quarter. SRS Investment Management LLC now owns 5,332,824 shares of the luxury accessories retailer’s stock valued at $468,275,000 after purchasing an additional 589,000 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Tapestry by 1,661.6% during the 2nd quarter. Schroder Investment Management Group now owns 4,002,818 shares of the luxury accessories retailer’s stock valued at $351,487,000 after purchasing an additional 3,775,593 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Tapestry by 36.0% during the 2nd quarter. AQR Capital Management LLC now owns 3,546,969 shares of the luxury accessories retailer’s stock valued at $311,388,000 after purchasing an additional 939,227 shares during the period. Institutional investors own 90.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. BTIG Research upped their price target on shares of Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a report on Friday. Argus raised shares of Tapestry to a “strong-buy” rating in a research note on Friday, January 16th. Telsey Advisory Group lifted their price target on shares of Tapestry to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Wall Street Zen downgraded Tapestry from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Evercore raised their price objective on Tapestry from $129.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Tapestry currently has a consensus rating of “Moderate Buy” and an average target price of $143.33.

Tapestry Stock Up 1.7%

TPR stock opened at $154.61 on Tuesday. The company has a 50 day moving average of $128.27 and a two-hundred day moving average of $115.33. The company has a market cap of $31.30 billion, a price-to-earnings ratio of 63.89, a PEG ratio of 2.28 and a beta of 1.63. Tapestry, Inc. has a 12-month low of $58.39 and a 12-month high of $155.23. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.49. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The firm’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, equities analysts anticipate that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, March 6th. Tapestry’s dividend payout ratio (DPR) is 66.12%.

Tapestry declared that its board has approved a share repurchase program on Thursday, November 6th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the luxury accessories retailer to repurchase up to 4.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other news, insider Denise Kulikowsky sold 583 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $115.17, for a total value of $67,144.11. Following the sale, the insider directly owned 19,285 shares of the company’s stock, valued at approximately $2,221,053.45. This trade represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Todd Kahn sold 29,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $102.83, for a total value of $2,982,070.00. Following the completion of the sale, the chief executive officer directly owned 86,736 shares in the company, valued at $8,919,062.88. This trade represents a 25.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 115,485 shares of company stock worth $12,034,058. Insiders own 1.32% of the company’s stock.

Tapestry Company 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.