PKO Investment Management Joint Stock Co Cuts Stock Position in Tapestry, Inc. $TPR

PKO Investment Management Joint Stock Co trimmed its holdings in Tapestry, Inc. (NYSE:TPR) by 23.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 13,000 shares of the luxury accessories retailer’s stock after selling 4,000 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Tapestry were worth $1,661,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. State Street Corp grew its position in shares of Tapestry by 19.3% during the third quarter. State Street Corp now owns 9,229,777 shares of the luxury accessories retailer’s stock worth $1,044,995,000 after purchasing an additional 1,494,193 shares in the last quarter. Schroder Investment Management Group lifted its holdings in Tapestry by 21.1% in the 3rd quarter. Schroder Investment Management Group now owns 4,849,371 shares of the luxury accessories retailer’s stock worth $549,046,000 after purchasing an additional 846,553 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Tapestry by 21.4% in the 3rd quarter. AQR Capital Management LLC now owns 4,307,615 shares of the luxury accessories retailer’s stock worth $487,708,000 after purchasing an additional 760,646 shares in the last quarter. Northern Trust Corp boosted its stake in Tapestry by 7.6% in the 3rd quarter. Northern Trust Corp now owns 2,870,821 shares of the luxury accessories retailer’s stock worth $325,034,000 after purchasing an additional 203,520 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Tapestry by 250.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,449,170 shares of the luxury accessories retailer’s stock valued at $277,295,000 after buying an additional 1,750,566 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Tapestry from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Jefferies Financial Group cut shares of Tapestry from a “buy” rating to a “hold” rating and cut their target price for the company from $142.00 to $138.00 in a research note on Wednesday, January 14th. Barclays set a $179.00 price target on shares of Tapestry and gave the company an “overweight” rating in a report on Friday, February 6th. Robert W. Baird boosted their price target on shares of Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Citigroup increased their price objective on shares of Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.89.

Tapestry Stock Down 1.5%

Shares of TPR opened at $142.83 on Friday. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. The stock has a market capitalization of $28.92 billion, a price-to-earnings ratio of 59.02, a price-to-earnings-growth ratio of 1.71 and a beta of 1.46. Tapestry, Inc. has a 1 year low of $70.81 and a 1 year high of $161.97. The business’s 50 day simple moving average is $147.31 and its 200-day simple moving average is $131.64.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.49. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.29 billion. Tapestry’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the firm posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, equities analysts expect that Tapestry, Inc. will post 6.46 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 6th were issued a $0.40 dividend. The ex-dividend date was Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Tapestry’s payout ratio is 66.12%.

Insider Transactions at Tapestry

In related news, insider Denise Kulikowsky sold 9,166 shares of Tapestry stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $155.62, for a total value of $1,426,412.92. Following the completion of the transaction, the insider owned 26,942 shares in the company, valued at approximately $4,192,714.04. This trade represents a 25.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Manesh Dadlani sold 2,147 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $153.47, for a total value of $329,500.09. Following the sale, the vice president directly owned 18,475 shares in the company, valued at $2,835,358.25. The trade was a 10.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 164,956 shares of company stock worth $25,297,262. 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.