Groupama Asset Managment Makes New Investment in Tapestry, Inc. $TPR

Groupama Asset Managment purchased a new stake in Tapestry, Inc. (NYSE:TPR) during the third quarter, HoldingsChannel.com reports. The fund purchased 7,206 shares of the luxury accessories retailer’s stock, valued at approximately $816,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cloud Capital Management LLC acquired a new stake in shares of Tapestry during the third quarter worth $26,000. Vestor Capital LLC bought a new position in Tapestry during the 2nd quarter worth about $27,000. Triumph Capital Management bought a new position in Tapestry during the 3rd quarter worth about $29,000. Johnson Financial Group Inc. acquired a new stake in shares of Tapestry in the 2nd quarter valued at about $39,000. Finally, Larson Financial Group LLC raised its stake in shares of Tapestry by 210.4% in the 3rd quarter. Larson Financial Group LLC now owns 388 shares of the luxury accessories retailer’s stock valued at $44,000 after purchasing an additional 263 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analysts Set New Price Targets

TPR has been the subject of several recent research reports. Guggenheim began coverage on Tapestry in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. The Goldman Sachs Group set a $166.00 target price on Tapestry in a research report on Friday, February 6th. BNP Paribas Exane started coverage on Tapestry in a research note on Friday, February 13th. They issued an “outperform” rating and a $176.00 target price on the stock. Argus set a $165.00 price target on Tapestry in a research report on Thursday, March 12th. Finally, Wells Fargo & Company raised their price target on shares of Tapestry from $142.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. 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, the stock has an average rating of “Moderate Buy” and an average target price of $151.06.

Insider Buying and Selling

In related news, CEO Joanne C. Crevoiserat sold 48,795 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total value of $7,556,881.65. Following the sale, the chief executive officer owned 671,193 shares in the company, valued at approximately $103,947,659.91. This represents a 6.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Denise Kulikowsky sold 9,166 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total value of $1,426,412.92. Following the sale, the insider directly 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 164,956 shares of company stock valued at $25,297,262. Insiders own 1.32% of the company’s stock.

Tapestry Stock Performance

Shares of TPR opened at $140.55 on Friday. The company has a market cap of $28.46 billion, a PE ratio of 58.08, a price-to-earnings-growth ratio of 1.71 and a beta of 1.55. The firm has a 50-day moving average of $142.92 and a 200-day moving average of $124.33. Tapestry, Inc. has a one year low of $58.39 and a one year high of $161.97. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.29 billion. During the same period in the prior year, the firm earned $2.00 EPS. Tapestry’s quarterly revenue was up 14.0% compared to the same quarter last year. 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 year.

Tapestry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders 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 presently 66.12%.

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.