Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in Tapestry, Inc. $TPR

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Tapestry, Inc. (NYSE:TPR) by 93.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 307,664 shares of the luxury accessories retailer’s stock after acquiring an additional 148,336 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tapestry were worth $39,310,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwest Wealth Management LLC raised its holdings in shares of Tapestry by 3.4% in the 4th quarter. Northwest Wealth Management LLC now owns 2,462 shares of the luxury accessories retailer’s stock worth $315,000 after purchasing an additional 82 shares during the period. Fulton Bank N.A. grew its holdings in shares of Tapestry by 2.8% during the 4th quarter. Fulton Bank N.A. now owns 3,166 shares of the luxury accessories retailer’s stock worth $405,000 after purchasing an additional 87 shares during the period. CVA Family Office LLC grew its holdings in shares of Tapestry by 23.4% during the 4th quarter. CVA Family Office LLC now owns 469 shares of the luxury accessories retailer’s stock worth $60,000 after purchasing an additional 89 shares during the period. Clark Financial Services Group Inc. BD increased its position in Tapestry by 1.8% during the 4th quarter. Clark Financial Services Group Inc. BD now owns 5,701 shares of the luxury accessories retailer’s stock worth $733,000 after purchasing an additional 103 shares in the last quarter. Finally, Essex Financial Services Inc. raised its holdings in Tapestry by 3.5% in the third quarter. Essex Financial Services Inc. now owns 3,324 shares of the luxury accessories retailer’s stock valued at $376,000 after buying an additional 113 shares during the period. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Tapestry Stock Down 1.4%

Shares of NYSE:TPR opened at $153.63 on Tuesday. The company has a market capitalization of $31.10 billion, a price-to-earnings ratio of 63.48, a price-to-earnings-growth ratio of 1.87 and a beta of 1.59. The company has a 50 day moving average of $148.55 and a two-hundred day moving average of $129.97. Tapestry, Inc. has a 52-week low of $61.60 and a 52-week high of $161.97. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.49. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, analysts forecast that Tapestry, Inc. will post 6.45 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 6th were issued a $0.40 dividend. The ex-dividend date was Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. Tapestry’s payout ratio is currently 66.12%.

Insider Buying and Selling

In other news, insider Denise Kulikowsky sold 9,166 shares of Tapestry stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the sale, the insider directly owned 26,942 shares of the company’s stock, valued at approximately $4,192,714.04. The trade was a 25.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Scott A. Roe sold 44,290 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $152.62, for a total value of $6,759,539.80. Following the completion of the transaction, the chief financial officer owned 139,128 shares in the company, valued at approximately $21,233,715.36. This trade represents a 24.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 164,956 shares of company stock worth $25,297,262 over the last quarter. Company insiders own 1.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TPR. BNP Paribas Exane initiated coverage on shares of Tapestry in a research report on Friday, February 13th. They set an “outperform” rating and a $176.00 price target on the stock. Wells Fargo & Company raised their target price on shares of Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. BTIG Research lifted their target price on shares of Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tapestry in a research report on Wednesday, January 21st. Finally, UBS Group reiterated a “neutral” rating and issued a $141.00 price target on shares of Tapestry in a report on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Tapestry currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.06.

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.