Tapestry, Inc. $TPR Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its holdings in Tapestry, Inc. (NYSE:TPR) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 285,822 shares of the luxury accessories retailer’s stock after selling 12,525 shares during the period. Natixis Advisors LLC’s holdings in Tapestry were worth $36,519,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TPR. Fisher Asset Management LLC grew its position in Tapestry by 21.7% in the 3rd quarter. Fisher Asset Management LLC now owns 608,266 shares of the luxury accessories retailer’s stock worth $68,868,000 after purchasing an additional 108,278 shares during the last quarter. DNB Asset Management AS boosted its stake in Tapestry by 1,331.4% during the 3rd quarter. DNB Asset Management AS now owns 39,478 shares of the luxury accessories retailer’s stock valued at $4,470,000 after purchasing an additional 36,720 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Tapestry by 23.6% during the third quarter. Russell Investments Group Ltd. now owns 217,408 shares of the luxury accessories retailer’s stock worth $24,615,000 after acquiring an additional 41,556 shares during the period. Advisory Research Inc. grew its stake in shares of Tapestry by 30.1% in the 3rd quarter. Advisory Research Inc. now owns 228,107 shares of the luxury accessories retailer’s stock worth $25,826,000 after purchasing an additional 52,747 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC grew its position in Tapestry by 420.8% in the third quarter. Counterpoint Mutual Funds LLC now owns 24,233 shares of the luxury accessories retailer’s stock worth $2,744,000 after buying an additional 19,580 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays set a $179.00 price objective on Tapestry and gave the stock an “overweight” rating in a report on Friday, February 6th. The Goldman Sachs Group set a $166.00 price target on shares of Tapestry in a research note on Friday, February 6th. JPMorgan Chase & Co. raised their price objective on shares of Tapestry from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $180.00 price target on shares of Tapestry in a research report on Tuesday. Finally, Evercore set a $175.00 price objective on shares of Tapestry in a report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.22.

Insiders Place Their Bets

In related news, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total value of $2,738,371.14. Following the completion of the transaction, the chief executive officer directly owned 123,258 shares of the company’s stock, valued at $17,258,585.16. The trade was a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the completion of the sale, the chief executive officer owned 652,434 shares of the company’s stock, valued at $86,701,954.26. The trade was a 4.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.32% of the company’s stock.

Tapestry Trading Up 0.5%

TPR stock opened at $139.38 on Thursday. The business’s 50 day moving average is $142.09 and its 200-day moving average is $135.88. Tapestry, Inc. has a 1-year low of $77.79 and a 1-year high of $161.97. The firm has a market cap of $28.16 billion, a P/E ratio of 44.67, a P/E/G ratio of 1.41 and a beta of 1.42. The company has a current ratio of 1.84, a quick ratio of 1.27 and a debt-to-equity ratio of 3.48.

Tapestry (NYSE:TPR) last issued its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) 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 return on equity of 229.70% and a net margin of 8.44%.The business’s revenue was up 21.2% on a year-over-year basis. During the same period last year, the business earned $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Equities analysts anticipate that Tapestry, Inc. will post 6.95 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, June 5th. Tapestry’s dividend payout ratio (DPR) is currently 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.