Tapestry, Inc. $TPR Shares Acquired by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. lifted its position in shares of Tapestry, Inc. (NYSE:TPR) by 17.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,622 shares of the luxury accessories retailer’s stock after purchasing an additional 9,303 shares during the period. Keystone Investors PTE Ltd.’s holdings in Tapestry were worth $8,001,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TPR. Steph & Co. raised its holdings in Tapestry by 128.7% in the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after acquiring an additional 130 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Tapestry in the fourth quarter valued at $31,000. Triumph Capital Management acquired a new stake in Tapestry in the third quarter valued at $29,000. Cornerstone Planning Group LLC raised its holdings in Tapestry by 2,720.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 282 shares of the luxury accessories retailer’s stock valued at $36,000 after acquiring an additional 272 shares in the last quarter. Finally, HM Payson & Co. raised its holdings in Tapestry by 125.8% in the fourth quarter. HM Payson & Co. now owns 289 shares of the luxury accessories retailer’s stock valued at $37,000 after acquiring an additional 161 shares in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Robert W. Baird upped their price target on shares of Tapestry from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Citigroup upped their price target on shares of Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings cut shares of Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. BTIG Research reaffirmed a “buy” rating and issued a $180.00 price target on shares of Tapestry in a report on Wednesday. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $180.00 price target on shares of Tapestry in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Tapestry has an average rating of “Moderate Buy” and a consensus target price of $165.12.

Tapestry Stock Up 1.5%

Shares of NYSE:TPR opened at $147.58 on Friday. The stock has a market capitalization of $29.82 billion, a price-to-earnings ratio of 47.30, a price-to-earnings-growth ratio of 1.48 and a beta of 1.42. Tapestry, Inc. has a 1-year low of $78.59 and a 1-year high of $161.97. The company’s fifty day moving average is $142.25 and its two-hundred day moving average is $137.60. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.27 and a current ratio of 1.84.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.36. The company had revenue of $1.92 billion for 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 was up 21.2% compared to the same quarter last year. During the same period in the prior year, the company 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 EPS for the current year.

Tapestry Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders 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 dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, June 5th. Tapestry’s dividend payout ratio is 51.28%.

Insiders Place Their Bets

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,776 shares of the stock in a transaction on 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 sale, the chief executive officer directly owned 652,434 shares of the company’s stock, valued at approximately $86,701,954.26. This represents a 4.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer owned 123,258 shares of the company’s stock, valued at $17,258,585.16. This represents a 13.69% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.32% of the stock is currently owned by corporate insiders.

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.