Hsbc Holdings PLC Has $49.40 Million Holdings in Tapestry, Inc. $TPR

Hsbc Holdings PLC grew its holdings in Tapestry, Inc. (NYSE:TPR) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 386,483 shares of the luxury accessories retailer’s stock after purchasing an additional 44,755 shares during the quarter. Hsbc Holdings PLC’s holdings in Tapestry were worth $49,403,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Acumen Wealth Advisors LLC bought a new stake in shares of Tapestry during the 4th quarter valued at $28,000. Triumph Capital Management bought a new position in Tapestry during the third quarter worth about $29,000. Steph & Co. boosted its stake in Tapestry by 128.7% during the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock worth $30,000 after acquiring an additional 130 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Tapestry during the 4th quarter worth $31,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in Tapestry during the fourth quarter worth about $32,000. 90.77% of the stock is owned by institutional investors.

Tapestry Stock Performance

TPR opened at $150.46 on Wednesday. The business’s 50-day moving average price is $142.54 and its two-hundred day moving average price is $139.68. Tapestry, Inc. has a 1 year low of $84.12 and a 1 year high of $161.97. The company has a market capitalization of $30.40 billion, a price-to-earnings ratio of 48.22, a P/E/G ratio of 1.51 and a beta of 1.42. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27.

Tapestry (NYSE:TPR) last posted its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, topping the consensus estimate 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%.Tapestry’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Equities analysts expect that Tapestry, Inc. will post 6.95 EPS for the current fiscal year.

Tapestry Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Tapestry’s dividend payout ratio is 51.28%.

Insider Buying and Selling

In other news, CEO Joanne C. Crevoiserat sold 27,776 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 652,434 shares of the company’s stock, valued at $86,701,954.26. This trade represents a 4.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 Tapestry stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the completion of the sale, the chief executive officer owned 123,258 shares in the company, valued at $17,258,585.16. This trade represents a 13.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TPR shares. JPMorgan Chase & Co. increased their price target on Tapestry from $200.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. UBS Group boosted their price objective on Tapestry from $187.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday. Evercore set a $175.00 target price on Tapestry in a research note on Friday, May 8th. Robert W. Baird raised their target price on shares of Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $180.00 price target on shares of Tapestry in a research note on Wednesday, June 10th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $167.65.

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.