Thrivent Financial for Lutherans Buys 74,261 Shares of Tapestry, Inc. $TPR

Thrivent Financial for Lutherans lifted its stake in shares of Tapestry, Inc. (NYSE:TPR) by 181.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 115,227 shares of the luxury accessories retailer’s stock after purchasing an additional 74,261 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Tapestry were worth $14,726,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TPR. Steph & Co. increased its holdings in Tapestry by 128.7% in the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock worth $30,000 after purchasing an additional 130 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in shares of Tapestry during the third quarter valued at about $26,000. Flagship Harbor Advisors LLC bought a new stake in shares of Tapestry during the fourth quarter worth about $31,000. Triumph Capital Management acquired a new position in shares of Tapestry in the third quarter valued at approximately $29,000. Finally, Cornerstone Planning Group LLC raised its holdings in Tapestry by 2,720.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 282 shares of the luxury accessories retailer’s stock valued at $36,000 after buying an additional 272 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors.

Tapestry Stock Performance

Shares of TPR opened at $131.28 on Tuesday. Tapestry, Inc. has a one year low of $76.29 and a one year high of $161.97. The company has a market cap of $26.52 billion, a PE ratio of 42.08, a P/E/G ratio of 1.31 and a beta of 1.45. The stock has a 50-day moving average of $143.08 and a 200-day moving average of $133.06. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27.

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

Tapestry Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, June 5th. Tapestry’s payout ratio is presently 51.28%.

Analysts Set New Price Targets

Several research firms have recently issued reports on TPR. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $170.00 price target on shares of Tapestry in a research note on Friday, February 6th. TD Cowen reissued a “buy” rating on shares of Tapestry in a research note on Tuesday, February 10th. UBS Group upgraded Tapestry from a “neutral” rating to a “buy” rating and increased their price objective for the company from $142.00 to $187.00 in a report on Friday, May 8th. Wells Fargo & Company raised their target price on Tapestry from $142.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $165.00 target price on shares of Tapestry in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock 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 48,795 shares of the business’s 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 transaction, the chief executive officer owned 671,193 shares of the company’s stock, valued at approximately $103,947,659.91. The trade was a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.32% of the stock is currently owned by corporate insiders.

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.