Vinva Investment Management Ltd Takes $22.55 Million Position in Tapestry, Inc. $TPR

Vinva Investment Management Ltd purchased a new position in shares of Tapestry, Inc. (NYSE:TPR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 200,900 shares of the luxury accessories retailer’s stock, valued at approximately $22,551,000. Vinva Investment Management Ltd owned about 0.10% of Tapestry at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TPR. Fisher Asset Management LLC lifted its position in Tapestry by 21.7% in the third quarter. Fisher Asset Management LLC now owns 608,266 shares of the luxury accessories retailer’s stock valued at $68,868,000 after purchasing an additional 108,278 shares during the period. DNB Asset Management AS increased its position in Tapestry by 1,331.4% during the 3rd quarter. DNB Asset Management AS now owns 39,478 shares of the luxury accessories retailer’s stock worth $4,470,000 after purchasing an additional 36,720 shares during the period. Great Diamond Partners LLC acquired a new position in Tapestry during the 3rd quarter worth approximately $2,395,000. Three Seasons Wealth LLC purchased a new position in shares of Tapestry during the 3rd quarter worth approximately $1,882,000. Finally, Stevens Capital Partners purchased a new position in shares of Tapestry during the 3rd quarter worth approximately $8,880,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Tapestry Price Performance

Shares of NYSE:TPR opened at $144.10 on Friday. The firm has a market capitalization of $29.17 billion, a price-to-earnings ratio of 59.55, a price-to-earnings-growth ratio of 1.73 and a beta of 1.55. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. The business’s 50 day simple moving average is $140.38 and its 200-day simple moving average is $121.50. Tapestry, Inc. has a 12 month low of $58.39 and a 12 month high of $161.97.

Tapestry (NYSE:TPR) last issued its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.49. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.Tapestry’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, equities analysts forecast that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Announces Dividend

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

Insider Buying and Selling at Tapestry

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

Analyst Ratings Changes

A number of analysts recently weighed in on TPR shares. BTIG Research lifted their price target on Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $170.00 price objective on shares of Tapestry in a research report on Friday, February 6th. Citigroup raised their target price on Tapestry from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, February 6th. Guggenheim assumed coverage on shares of Tapestry in a research report on Tuesday, December 9th. They set a “neutral” rating on the stock. Finally, Telsey Advisory Group upped their price target on shares of Tapestry to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $147.00.

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.