Tapestry, Inc. $TPR Shares Purchased by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG raised its position in shares of Tapestry, Inc. (NYSE:TPR) by 157.6% in the first quarter, Holdings Channel.com reports. The fund owned 17,372 shares of the luxury accessories retailer’s stock after buying an additional 10,628 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Tapestry were worth $2,449,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TPR. Acumen Wealth Advisors LLC acquired a new position in shares of Tapestry in the 4th quarter valued at about $28,000. Triumph Capital Management acquired a new stake in Tapestry during the 3rd quarter worth approximately $29,000. Steph & Co. increased its position in Tapestry by 128.7% during 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. Flagship Harbor Advisors LLC purchased a new position in Tapestry in the fourth quarter valued at approximately $31,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Tapestry during the fourth quarter valued at approximately $32,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TPR shares. Wall Street Zen upgraded shares of Tapestry from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. BTIG Research restated a “buy” rating and set a $180.00 target price on shares of Tapestry in a report on Wednesday, June 10th. UBS Group upped their price target on shares of Tapestry from $187.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Raymond James Financial reiterated an “outperform” rating and issued a $165.00 price target on shares of Tapestry in a report on Thursday, April 23rd. Finally, Citigroup raised their price objective on Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Two equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $169.88.

Insider Buying and Selling

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

Tapestry Stock Performance

Tapestry stock opened at $136.00 on Tuesday. Tapestry, Inc. has a 12-month low of $92.62 and a 12-month high of $161.97. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27. The company has a market capitalization of $27.48 billion, a price-to-earnings ratio of 43.59, a price-to-earnings-growth ratio of 1.29 and a beta of 1.43. The firm’s fifty day moving average price is $141.29 and its 200 day moving average price is $141.84.

Tapestry (NYSE:TPR) last posted 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. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, research analysts forecast that Tapestry, Inc. will post 6.96 EPS for the current fiscal year.

Tapestry Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, June 5th. Tapestry’s dividend payout ratio (DPR) is 51.28%.

Tapestry Company 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.