B. Metzler seel. Sohn & Co. AG Takes $616,000 Position in Tapestry, Inc. $TPR

B. Metzler seel. Sohn & Co. AG bought a new position in Tapestry, Inc. (NYSE:TPR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,445 shares of the luxury accessories retailer’s stock, valued at approximately $616,000.

A number of other large investors have also bought and sold shares of the business. Cloud Capital Management LLC bought a new position in shares of Tapestry in the third quarter valued at about $26,000. Vestor Capital LLC bought a new stake in Tapestry during the 2nd quarter worth about $27,000. Johnson Financial Group Inc. bought a new stake in Tapestry during the 2nd quarter worth about $39,000. Elevation Point Wealth Partners LLC acquired a new stake in Tapestry in the 2nd quarter valued at about $45,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in Tapestry in the 2nd quarter valued at about $52,000. 90.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TPR has been the topic of several research analyst reports. UBS Group reissued a “neutral” rating and set a $141.00 price target on shares of Tapestry in a research note on Monday, February 9th. Argus upgraded shares of Tapestry to a “strong-buy” rating in a research report on Friday, January 16th. Telsey Advisory Group upped their price objective on Tapestry to $150.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. BNP Paribas Exane started coverage on Tapestry in a research report on Friday, February 13th. They issued an “outperform” rating and a $176.00 price objective on the stock. Finally, Wells Fargo & Company lifted their target price on Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Tapestry has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

Insider Buying and Selling at Tapestry

In related news, Director Anne Gates sold 6,498 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $153.79, for a total transaction of $999,327.42. Following the completion of the sale, the director directly owned 22,698 shares of the company’s stock, valued at approximately $3,490,725.42. This represents a 22.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Manesh Dadlani sold 2,147 shares of the firm’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 transaction of $329,500.09. Following the sale, the vice president owned 18,475 shares in the company, valued at $2,835,358.25. This trade represents a 10.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 164,956 shares of company stock worth $25,297,262 in the last quarter. Company insiders own 1.32% of the company’s stock.

Tapestry Stock Down 2.0%

Shares of NYSE:TPR opened at $145.33 on Thursday. The company has a 50 day moving average price of $141.41 and a two-hundred day moving average price of $122.50. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63. The company has a market capitalization of $29.42 billion, a PE ratio of 60.05, a PEG ratio of 1.78 and a beta of 1.55. Tapestry, Inc. has a 52 week low of $58.39 and a 52 week high of $161.97.

Tapestry (NYSE:TPR) last announced its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, topping 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 company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the firm posted $2.00 earnings per share. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Analysts forecast that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be given a $0.40 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Tapestry’s payout ratio is currently 66.12%.

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.