Tapestry, Inc. $TPR Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its position in Tapestry, Inc. (NYSE:TPR) by 105.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,169 shares of the luxury accessories retailer’s stock after purchasing an additional 131,242 shares during the period. Teacher Retirement System of Texas’ holdings in Tapestry were worth $32,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TPR. Woodline Partners LP increased its position in shares of Tapestry by 25.0% in the first quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock valued at $1,231,000 after buying an additional 3,495 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Tapestry in the first quarter valued at approximately $493,000. Sivia Capital Partners LLC purchased a new stake in shares of Tapestry in the second quarter valued at approximately $602,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Tapestry in the second quarter valued at approximately $6,307,000. Finally, Brown Advisory Inc. increased its position in shares of Tapestry by 13.8% in the second quarter. Brown Advisory Inc. now owns 3,630 shares of the luxury accessories retailer’s stock valued at $319,000 after buying an additional 439 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Tapestry Stock Performance

Shares of Tapestry stock opened at $146.46 on Friday. Tapestry, Inc. has a one year low of $66.64 and a one year high of $161.97. The company has a market cap of $29.65 billion, a price-to-earnings ratio of 60.52, a PEG ratio of 1.75 and a beta of 1.59. 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 business’s 50 day moving average price is $148.22 and its 200 day moving average price is $130.45.

Tapestry (NYSE:TPR) last announced its quarterly earnings data 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. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the business posted $2.00 earnings per share. The firm’s revenue was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, research analysts predict that Tapestry, Inc. will post 6.45 EPS for the current year.

Tapestry Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 6th were given a dividend of $0.40 per share. The ex-dividend date was Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is presently 66.12%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TPR. TD Cowen restated a “buy” rating on shares of Tapestry in a research report on Tuesday, February 10th. Wall Street Zen cut Tapestry from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Evercore boosted their price objective on Tapestry from $129.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, February 3rd. UBS Group boosted their price objective on Tapestry from $141.00 to $142.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Robert W. Baird set a $160.00 price objective on Tapestry in a research report on Friday, February 6th. 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $153.06.

Insider Activity

In related news, insider Denise Kulikowsky sold 9,166 shares of Tapestry stock in a transaction that occurred on 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 transaction, the insider owned 26,942 shares in the company, valued at approximately $4,192,714.04. This trade represents a 25.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of Tapestry stock in a transaction that occurred 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 in the company, valued at approximately $103,947,659.91. The trade was a 6.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 164,956 shares of company stock valued at $25,297,262 in the last 90 days. 1.32% of the stock is owned by insiders.

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.