Natixis Advisors LLC Has $33.78 Million Stock Position in Tapestry, Inc. $TPR

Natixis Advisors LLC boosted its position in shares of Tapestry, Inc. (NYSE:TPR) by 9.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 298,347 shares of the luxury accessories retailer’s stock after purchasing an additional 26,633 shares during the period. Natixis Advisors LLC owned about 0.15% of Tapestry worth $33,779,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TPR. Woodline Partners LP raised its stake in shares of Tapestry by 25.0% in the first quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock valued at $1,231,000 after acquiring an additional 3,495 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Tapestry in the 1st quarter worth approximately $493,000. Sivia Capital Partners LLC bought a new stake in Tapestry during the 2nd quarter worth approximately $602,000. Resona Asset Management Co. Ltd. increased its holdings in Tapestry by 15.5% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 2,219 shares of the luxury accessories retailer’s stock valued at $193,000 after purchasing an additional 297 shares in the last quarter. Finally, Savant Capital LLC increased its holdings in Tapestry by 46.5% during the 2nd quarter. Savant Capital LLC now owns 29,391 shares of the luxury accessories retailer’s stock valued at $2,581,000 after purchasing an additional 9,326 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Joanne C. Crevoiserat sold 48,795 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $154.87, for a total value of $7,556,881.65. Following the transaction, the chief executive officer owned 671,193 shares of the company’s stock, valued at approximately $103,947,659.91. This trade represents a 6.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anne Gates sold 6,498 shares of Tapestry stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $153.79, for a total transaction of $999,327.42. Following the sale, the director owned 22,698 shares of the company’s stock, valued at approximately $3,490,725.42. This represents a 22.26% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 164,956 shares of company stock worth $25,297,262. Corporate insiders own 1.32% of the company’s stock.

Wall Street Analyst Weigh In

TPR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Tapestry from $147.00 to $148.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Guggenheim started coverage on Tapestry in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company. The Goldman Sachs Group set a $166.00 price target on Tapestry in a report on Friday, February 6th. BNP Paribas Exane assumed coverage on shares of Tapestry in a research report on Friday, February 13th. They set an “outperform” rating and a $176.00 price target on the stock. Finally, Citigroup increased their price objective on shares of Tapestry from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $147.00.

Tapestry Stock Up 1.9%

Shares of TPR opened at $148.20 on Wednesday. The firm has a market capitalization of $30.00 billion, a price-to-earnings ratio of 61.24, a PEG ratio of 1.74 and a beta of 1.55. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63. The business’s fifty day moving average price is $141.06 and its two-hundred day moving average price is $122.34. Tapestry, Inc. has a 52 week low of $58.39 and a 52 week high of $161.97.

Tapestry (NYSE:TPR) last released its 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 return on equity of 157.98% and a net margin of 6.95%.The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the firm earned $2.00 EPS. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, analysts predict that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Dividend Announcement

The company also recently disclosed 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 yield of 1.1%. The ex-dividend date is Friday, March 6th. Tapestry’s dividend payout ratio (DPR) is presently 66.12%.

About Tapestry

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.