5,051 Shares in Tapestry, Inc. $TPR Bought by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Tapestry, Inc. (NYSE:TPR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,051 shares of the luxury accessories retailer’s stock, valued at approximately $739,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TPR. Abacus FCF Advisors LLC purchased a new stake in shares of Tapestry during the second quarter valued at about $11,476,000. Johnson Financial Group Inc. purchased a new position in shares of Tapestry in the 2nd quarter worth approximately $73,000. Tocqueville Asset Management L.P. purchased a new position in shares of Tapestry in the 2nd quarter worth approximately $269,000. NewEdge Wealth LLC bought a new position in shares of Tapestry during the 2nd quarter worth approximately $232,000. Finally, Empirical Asset Management LLC bought a new position in shares of Tapestry during the 2nd quarter worth approximately $539,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Tapestry Price Performance

Shares of NYSE:TPR opened at $129.38 on Friday. Tapestry, Inc. has a twelve month low of $93.00 and a twelve month high of $164.80. The company has a current ratio of 1.75, a quick ratio of 1.25 and a debt-to-equity ratio of 3.44. The company has a market cap of $25.80 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 1.67 and a beta of 1.43. The company’s 50 day moving average is $145.46 and its 200 day moving average is $144.86.

Tapestry (NYSE:TPR) last announced its quarterly earnings data on Thursday, August 13th. The luxury accessories retailer reported $1.32 EPS for the quarter, beating the consensus estimate of $1.28 by $0.04. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Tapestry had a net margin of 19.09% and a return on equity of 254.95%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.04 EPS. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. On average, sell-side analysts forecast that Tapestry, Inc. will post 7.94 EPS for the current year.

Tapestry Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Friday, September 4th will be given a dividend of $0.4625 per share. This is a boost from Tapestry’s previous quarterly dividend of $0.40. This represents a $1.85 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, September 4th. Tapestry’s payout ratio is presently 21.95%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Raymond James Financial restated an “outperform” rating and issued a $165.00 target price on shares of Tapestry in a research note on Thursday, April 23rd. Robert W. Baird upped their price target on Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Barclays increased their price objective on Tapestry from $182.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, August 14th. Weiss Ratings upgraded Tapestry from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. Finally, Zacks Research downgraded Tapestry from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Two equities research 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $175.12.

Insider Buying and Selling at Tapestry

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,761 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $132.47, for a total value of $3,677,499.67. Following the sale, the chief executive officer directly owned 666,149 shares of the company’s stock, valued at approximately $88,244,758.03. This represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of the 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 sale, the chief executive officer directly owned 123,258 shares in the company, valued at $17,258,585.16. This represents a 13.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.32% of the stock is currently owned by corporate insiders.

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.