Oddo BHF Asset Management Sas Purchases 5,261 Shares of Tapestry, Inc. $TPR

Oddo BHF Asset Management Sas grew its stake in Tapestry, Inc. (NYSE:TPR) by 12.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,286 shares of the luxury accessories retailer’s stock after acquiring an additional 5,261 shares during the period. Oddo BHF Asset Management Sas’ holdings in Tapestry were worth $6,170,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Acumen Wealth Advisors LLC bought a new position in shares of Tapestry in the 4th quarter valued at about $28,000. Steph & Co. grew its holdings in shares of Tapestry by 128.7% in the 4th 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 bought a new position in shares of Tapestry in the 4th quarter valued at about $31,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in shares of Tapestry in the 4th quarter valued at about $32,000. Finally, Triumph Capital Management bought a new position in shares of Tapestry in the 3rd quarter valued at about $29,000. Institutional investors own 90.77% of the company’s stock.

Insider Buying and Selling

In other news, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was 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 in the company, valued at $86,701,954.26. The trade was a 4.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 123,258 shares of the company’s stock, valued at approximately $17,258,585.16. This represents a 13.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TPR. Citigroup raised their price objective on Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings cut Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Raymond James Financial restated an “outperform” rating and issued a $165.00 price objective on shares of Tapestry in a report on Thursday, April 23rd. Sanford C. Bernstein restated an “outperform” rating and issued a $180.00 price objective on shares of Tapestry in a report on Tuesday, June 2nd. Finally, Evercore set a $175.00 price target on Tapestry in a research report on Friday, May 8th. Two 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.12.

Tapestry Price Performance

NYSE:TPR opened at $150.80 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. The stock’s 50 day moving average price is $142.43 and its two-hundred day moving average price is $138.13. The firm has a market capitalization of $30.47 billion, a price-to-earnings ratio of 48.33, a P/E/G ratio of 1.50 and a beta of 1.42. Tapestry, Inc. has a 12-month low of $80.35 and a 12-month high of $161.97.

Tapestry (NYSE:TPR) last released its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.36. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter 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. On average, analysts anticipate that Tapestry, Inc. will post 6.95 earnings per share for the current year.

Tapestry Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders 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 is Friday, June 5th. Tapestry’s payout ratio is currently 51.28%.

About Tapestry

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.