SG Americas Securities LLC Purchases 367,755 Shares of Tapestry, Inc. $TPR

SG Americas Securities LLC increased its position in Tapestry, Inc. (NYSE:TPR) by 985.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 405,087 shares of the luxury accessories retailer’s stock after buying an additional 367,755 shares during the period. SG Americas Securities LLC owned 0.20% of Tapestry worth $51,758,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Woodline Partners LP increased its stake in Tapestry by 25.0% in the 1st quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock worth $1,231,000 after acquiring an additional 3,495 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Tapestry during the 1st quarter worth approximately $493,000. Sivia Capital Partners LLC bought a new position in shares of Tapestry during the 2nd quarter valued at approximately $602,000. Rockefeller Capital Management L.P. purchased a new position in shares of Tapestry in the second quarter valued at $981,000. Finally, DNB Asset Management AS purchased a new position in shares of Tapestry in the second quarter valued at $242,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TPR. Barclays set a $179.00 price target on shares of Tapestry and gave the company an “overweight” rating in a research note on Friday, February 6th. Telsey Advisory Group lifted their price objective on shares of Tapestry to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Zacks Research upgraded shares of Tapestry from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Wall Street Zen downgraded shares of Tapestry from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group set a $166.00 price target on Tapestry in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Tapestry presently has an average rating of “Moderate Buy” and a consensus target price of $151.06.

Tapestry Stock Down 0.3%

NYSE TPR opened at $143.93 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32. The company has a fifty day moving average of $143.32 and a two-hundred day moving average of $125.18. The firm has a market capitalization of $29.14 billion, a price-to-earnings ratio of 59.48, a PEG ratio of 1.73 and a beta of 1.55. Tapestry, Inc. has a 52 week low of $58.39 and a 52 week high of $161.97.

Tapestry (NYSE:TPR) last announced its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.49. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.00 earnings per share. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 6th were 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 of this dividend was Friday, March 6th. Tapestry’s dividend payout ratio is 66.12%.

Insider Buying and Selling

In other Tapestry news, Director Anne Gates sold 6,498 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $153.79, for a total value of $999,327.42. Following the completion of the sale, the director owned 22,698 shares of the company’s stock, valued at $3,490,725.42. This trade represents a 22.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas Greco sold 14,245 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $154.44, for a total value of $2,199,997.80. Following the transaction, the director owned 21,302 shares of the company’s stock, valued at $3,289,880.88. This trade represents a 40.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 164,956 shares of company stock worth $25,297,262 over the last three months. 1.32% of the stock is currently owned by company insiders.

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.