175,300 Shares in Tapestry, Inc. $TPR Acquired by Andra AP fonden

Andra AP fonden acquired a new stake in Tapestry, Inc. (NYSE:TPR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 175,300 shares of the luxury accessories retailer’s stock, valued at approximately $19,847,000. Andra AP fonden owned about 0.09% of Tapestry as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TPR. Cloud Capital Management LLC bought a new position in shares of Tapestry in the third quarter worth about $26,000. Vestor Capital LLC bought a new stake in Tapestry during the 2nd quarter valued at about $27,000. Johnson Financial Group Inc. purchased a new stake in Tapestry in the 2nd quarter valued at about $39,000. Elevation Point Wealth Partners LLC purchased a new stake in Tapestry in the 2nd quarter valued at about $45,000. Finally, CYBER HORNET ETFs LLC bought a new position in Tapestry in the 2nd quarter worth about $52,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Todd Kahn sold 39,815 shares of Tapestry stock in a transaction on Monday, February 9th. The shares were sold at an average price of $151.34, for a total transaction of $6,025,602.10. Following the completion of the sale, the chief executive officer directly owned 120,578 shares in the company, valued at approximately $18,248,274.52. The trade was a 24.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Denise Kulikowsky sold 9,166 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the sale, the insider directly owned 26,942 shares in the company, valued at $4,192,714.04. This trade represents a 25.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 165,539 shares of company stock valued at $25,364,406. Corporate insiders own 1.32% of the company’s stock.

Tapestry Stock Performance

Shares of TPR opened at $155.16 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. The firm has a market cap of $31.41 billion, a PE ratio of 64.11, a P/E/G ratio of 1.92 and a beta of 1.63. Tapestry, Inc. has a 12 month low of $58.39 and a 12 month high of $161.97. The stock has a fifty day moving average price of $138.14 and a 200-day moving average price of $119.67.

Tapestry (NYSE:TPR) last issued its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the company earned $2.00 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Equities research analysts predict that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry declared that its Board of Directors has authorized a stock buyback program on Thursday, November 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the luxury accessories retailer to buy up to 4.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Tapestry Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. Tapestry’s dividend payout ratio is presently 66.12%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Morgan Stanley lifted their price target on shares of Tapestry from $124.00 to $126.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. lifted their target price on Tapestry from $147.00 to $148.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Citigroup increased their price target on Tapestry from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. The Goldman Sachs Group set a $166.00 price target on Tapestry in a research note on Friday, February 6th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $141.00 price objective on shares of Tapestry in a research note on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.00.

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.