Eurizon Capital SGR S.p.A. Takes Position in Tapestry, Inc. $TPR

Eurizon Capital SGR S.p.A. purchased a new stake in Tapestry, Inc. (NYSE:TPR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 63,422 shares of the luxury accessories retailer’s stock, valued at approximately $8,109,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TPR. State Street Corp increased its stake in shares of Tapestry by 19.3% in the 3rd quarter. State Street Corp now owns 9,229,777 shares of the luxury accessories retailer’s stock valued at $1,044,995,000 after purchasing an additional 1,494,193 shares during the last quarter. Voloridge Investment Management LLC increased its stake in shares of Tapestry by 160.5% in the 3rd quarter. Voloridge Investment Management LLC now owns 1,886,518 shares of the luxury accessories retailer’s stock valued at $213,592,000 after purchasing an additional 1,162,442 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of Tapestry by 426.8% in the 3rd quarter. Two Sigma Investments LP now owns 1,122,520 shares of the luxury accessories retailer’s stock valued at $127,092,000 after purchasing an additional 909,433 shares during the last quarter. Barclays PLC increased its stake in shares of Tapestry by 191.9% in the 3rd quarter. Barclays PLC now owns 1,297,394 shares of the luxury accessories retailer’s stock valued at $146,891,000 after purchasing an additional 852,908 shares during the last quarter. Finally, Schroder Investment Management Group boosted its holdings in shares of Tapestry by 21.1% during the 3rd quarter. Schroder Investment Management Group now owns 4,849,371 shares of the luxury accessories retailer’s stock valued at $549,046,000 after acquiring an additional 846,553 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TPR shares. Weiss Ratings downgraded Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Telsey Advisory Group raised their price objective on Tapestry to $150.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. UBS Group raised Tapestry from a “neutral” rating to a “buy” rating and raised their price objective for the company from $142.00 to $187.00 in a report on Friday, May 8th. Barclays set a $179.00 price objective on Tapestry and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. raised their price objective on Tapestry from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.67.

Insider Activity

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the transaction, the chief executive officer directly owned 652,434 shares of the company’s stock, valued at approximately $86,701,954.26. The trade was a 4.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total value of $2,738,371.14. Following the transaction, the chief executive officer directly owned 123,258 shares in the company, valued at $17,258,585.16. The trade was a 13.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.32% of the stock is currently owned by insiders.

Tapestry Stock Down 0.0%

Shares of TPR opened at $145.40 on Monday. The company has a market capitalization of $29.38 billion, a PE ratio of 46.60, a PEG ratio of 1.48 and a beta of 1.42. Tapestry, Inc. has a 12 month low of $76.92 and a 12 month high of $161.97. The stock’s 50-day moving average price is $142.31 and its two-hundred day moving average price is $135.10. The company has a current ratio of 1.84, a quick ratio of 1.27 and a debt-to-equity ratio of 3.48.

Tapestry (NYSE:TPR) last announced its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, topping the consensus estimate of $1.30 by $0.36. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, analysts anticipate that Tapestry, Inc. will post 6.95 EPS for the current year.

Tapestry Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 1.1%. Tapestry’s payout ratio is presently 51.28%.

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.