Tapestry, Inc. $TPR Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in Tapestry, Inc. (NYSE:TPR) by 85.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 122,978 shares of the luxury accessories retailer’s stock after selling 717,303 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of Tapestry worth $13,924,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Tapestry by 2.4% in the second quarter. Vanguard Group Inc. now owns 25,902,930 shares of the luxury accessories retailer’s stock valued at $2,274,536,000 after buying an additional 606,686 shares during the period. Geode Capital Management LLC grew its holdings in Tapestry by 3.0% during the second quarter. Geode Capital Management LLC now owns 5,500,858 shares of the luxury accessories retailer’s stock worth $482,125,000 after acquiring an additional 158,782 shares during the period. SRS Investment Management LLC raised its position in Tapestry by 12.4% in the second quarter. SRS Investment Management LLC now owns 5,332,824 shares of the luxury accessories retailer’s stock worth $468,275,000 after acquiring an additional 589,000 shares in the last quarter. Schroder Investment Management Group lifted its holdings in Tapestry by 1,661.6% in the 2nd quarter. Schroder Investment Management Group now owns 4,002,818 shares of the luxury accessories retailer’s stock valued at $351,487,000 after acquiring an additional 3,775,593 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Tapestry by 36.0% during the 2nd quarter. AQR Capital Management LLC now owns 3,546,969 shares of the luxury accessories retailer’s stock valued at $311,388,000 after purchasing an additional 939,227 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

Insider Transactions at Tapestry

In other Tapestry news, VP Manesh Dadlani sold 2,147 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $153.47, for a total transaction of $329,500.09. Following the completion of the sale, the vice president directly owned 18,475 shares in the company, valued at approximately $2,835,358.25. This trade represents a 10.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anne Gates sold 6,498 shares of Tapestry 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 transaction, the director directly owned 22,698 shares in the company, valued at approximately $3,490,725.42. This trade represents a 22.26% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 164,956 shares of company stock worth $25,297,262. 1.32% of the stock is currently owned by company insiders.

Tapestry Stock Up 1.9%

Shares of NYSE:TPR opened at $148.20 on Wednesday. The firm has a 50 day simple moving average of $141.06 and a 200 day simple moving average of $122.34. Tapestry, Inc. has a 52 week low of $58.39 and a 52 week high of $161.97. 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 company has a market cap of $30.00 billion, a PE ratio of 61.24, a price-to-earnings-growth ratio of 1.74 and a beta of 1.55.

Tapestry (NYSE:TPR) last announced its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.49. The company 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 company’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, research analysts expect that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Citigroup boosted their target price on shares of Tapestry from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Wall Street Zen cut Tapestry from a “strong-buy” rating to a “buy” rating in a report on Sunday. BTIG Research increased their price objective on Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Guggenheim assumed coverage on Tapestry in a report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Finally, Barclays set a $179.00 target price on Tapestry and gave the stock an “overweight” rating in a research 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 given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

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.