Erste Asset Management GmbH Has $126.98 Million Stock Position in Tapestry, Inc. $TPR

Erste Asset Management GmbH lifted its holdings in shares of Tapestry, Inc. (NYSE:TPR) by 2.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 993,400 shares of the luxury accessories retailer’s stock after buying an additional 20,000 shares during the period. Tapestry comprises about 1.1% of Erste Asset Management GmbH’s portfolio, making the stock its 21st biggest holding. Erste Asset Management GmbH’s holdings in Tapestry were worth $126,983,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Brandywine Global Investment Management LLC bought a new stake in Tapestry during the 4th quarter worth $18,165,000. O Shaughnessy Asset Management LLC grew its position in Tapestry by 13.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 866,405 shares of the luxury accessories retailer’s stock worth $110,701,000 after acquiring an additional 100,518 shares during the last quarter. Syon Capital LLC grew its position in Tapestry by 16.1% during the 4th quarter. Syon Capital LLC now owns 6,175 shares of the luxury accessories retailer’s stock worth $789,000 after acquiring an additional 856 shares during the last quarter. Cookson Peirce & Co. Inc. grew its position in Tapestry by 3.8% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 12,535 shares of the luxury accessories retailer’s stock worth $1,602,000 after acquiring an additional 463 shares during the last quarter. Finally, Havemeyer Place LP bought a new stake in Tapestry during the 4th quarter worth $2,012,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. BTIG Research restated a “buy” rating and set a $180.00 price objective on shares of Tapestry in a research report on Friday, May 8th. Sanford C. Bernstein restated an “outperform” rating and set a $180.00 price objective on shares of Tapestry in a research report on Tuesday, June 2nd. UBS Group upgraded Tapestry from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $142.00 to $187.00 in a research report on Friday, May 8th. Citigroup upped their price target on Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. upped their price target on Tapestry from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $161.22.

Tapestry Trading Down 0.1%

NYSE TPR opened at $139.95 on Monday. The business’s 50-day moving average price is $141.90 and its two-hundred day moving average price is $136.42. Tapestry, Inc. has a 12 month low of $77.86 and a 12 month high of $161.97. The firm has a market capitalization of $28.28 billion, a PE ratio of 44.86, a price-to-earnings-growth ratio of 1.42 and a beta of 1.42. The company has a current ratio of 1.84, a quick ratio of 1.27 and a debt-to-equity ratio of 3.48.

Tapestry (NYSE:TPR) last announced 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. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the firm earned $1.03 earnings per share. Tapestry’s quarterly revenue was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, analysts expect that Tapestry, Inc. will post 6.95 EPS for the current year.

Tapestry Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, June 5th. Tapestry’s dividend payout ratio (DPR) is currently 51.28%.

Insider Transactions at Tapestry

In other news, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total value of $3,691,152.64. Following the transaction, the chief executive officer directly owned 652,434 shares of the company’s stock, valued at $86,701,954.26. The trade was a 4.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total value of $2,738,371.14. Following the completion of the transaction, 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. The SEC filing for this sale provides additional information. 1.32% of the stock is owned by 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.