Achmea Investment Management B.V. Buys New Shares in Tapestry, Inc. $TPR

Achmea Investment Management B.V. purchased a new position in Tapestry, Inc. (NYSE:TPR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 238,761 shares of the luxury accessories retailer’s stock, valued at approximately $27,032,000. Achmea Investment Management B.V. owned about 0.12% of Tapestry as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TPR. Centaurus Financial Inc. lifted its stake in shares of Tapestry by 44.7% in the 3rd quarter. Centaurus Financial Inc. now owns 2,233 shares of the luxury accessories retailer’s stock valued at $253,000 after acquiring an additional 690 shares during the last quarter. Caerus Investment Advisors LLC purchased a new position in Tapestry in the 3rd quarter worth approximately $572,000. Captrust Financial Advisors increased its stake in Tapestry by 10.3% in the 3rd quarter. Captrust Financial Advisors now owns 38,184 shares of the luxury accessories retailer’s stock worth $4,323,000 after purchasing an additional 3,570 shares during the period. Coldstream Capital Management Inc. lifted its position in Tapestry by 1.9% in the third quarter. Coldstream Capital Management Inc. now owns 7,652 shares of the luxury accessories retailer’s stock valued at $866,000 after purchasing an additional 146 shares during the last quarter. Finally, Danske Bank A S bought a new stake in Tapestry in the third quarter valued at approximately $19,382,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TPR has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Tapestry from a “buy” rating to a “strong-buy” rating in a report on Monday. UBS Group reiterated a “neutral” rating and set a $141.00 price target on shares of Tapestry in a report on Monday, February 9th. Wells Fargo & Company increased their price target on shares of Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Telsey Advisory Group raised their price target on shares of Tapestry to $150.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Finally, Argus set a $165.00 price objective on shares of Tapestry in a research note on Thursday, March 12th. Two investment 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. According to MarketBeat.com, Tapestry currently has an average rating of “Moderate Buy” and an average target price of $151.06.

Insiders Place Their Bets

In other news, CEO Joanne C. Crevoiserat sold 48,795 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $154.87, for a total value of $7,556,881.65. Following the sale, the chief executive officer directly owned 671,193 shares in the company, valued at $103,947,659.91. The trade was a 6.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Denise Kulikowsky sold 9,166 shares of the company’s stock in a transaction dated 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 owned 26,942 shares in the company, valued at $4,192,714.04. This represents a 25.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 164,956 shares of company stock worth $25,297,262. Insiders own 1.32% of the company’s stock.

Tapestry Stock Performance

NYSE TPR opened at $143.27 on Wednesday. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. Tapestry, Inc. has a 1-year low of $58.39 and a 1-year high of $161.97. The business has a 50 day simple moving average of $142.43 and a two-hundred day simple moving average of $123.82. The stock has a market capitalization of $29.01 billion, a PE ratio of 59.20, a P/E/G ratio of 1.70 and a beta of 1.55.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the company earned $2.00 EPS. The company’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. On average, research analysts predict that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry Dividend Announcement

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

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.