Tapestry, Inc. $TPR Stock Holdings Decreased by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its position in shares of Tapestry, Inc. (NYSE:TPR) by 12.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,897,432 shares of the luxury accessories retailer’s stock after selling 399,752 shares during the quarter. Ameriprise Financial Inc. owned 1.42% of Tapestry worth $328,050,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Schroder Investment Management Group boosted its position in shares of Tapestry by 1,661.6% in the second quarter. Schroder Investment Management Group now owns 4,002,818 shares of the luxury accessories retailer’s stock worth $351,487,000 after buying an additional 3,775,593 shares during the period. Norges Bank purchased a new position in shares of Tapestry during the second quarter valued at $227,248,000. Massachusetts Financial Services Co. MA raised its position in Tapestry by 250.6% during the third 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 during the period. AQR Capital Management LLC raised its position in Tapestry by 36.0% during the second quarter. AQR Capital Management LLC now owns 3,546,969 shares of the luxury accessories retailer’s stock valued at $311,388,000 after buying an additional 939,227 shares during the period. Finally, Marshall Wace LLP lifted its stake in Tapestry by 2,547.4% in the 2nd quarter. Marshall Wace LLP now owns 955,667 shares of the luxury accessories retailer’s stock worth $83,917,000 after acquiring an additional 919,569 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Insider Buying and Selling

In related news, VP Manesh Dadlani sold 2,147 shares of the 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 completion of the sale, the vice president owned 18,475 shares in the company, valued at $2,835,358.25. This represents a 10.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Denise Kulikowsky sold 9,166 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total value of $1,426,412.92. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 164,956 shares of company stock valued at $25,297,262 in the last quarter. Insiders own 1.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. TD Cowen restated a “buy” rating on shares of Tapestry in a research report on Tuesday, February 10th. Zacks Research upgraded Tapestry from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. BTIG Research increased their price target on shares of Tapestry from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. UBS Group restated a “neutral” rating and set a $141.00 price target on shares of Tapestry in a report on Monday, February 9th. Finally, Wells Fargo & Company boosted their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $151.06.

Tapestry Trading Down 0.2%

NYSE:TPR opened at $141.82 on Tuesday. The company’s 50 day moving average is $142.23 and its 200-day moving average is $123.53. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32. Tapestry, Inc. has a 12 month low of $58.39 and a 12 month high of $161.97. The firm has a market cap of $28.71 billion, a price-to-earnings ratio of 58.60, a P/E/G ratio of 1.71 and a beta of 1.55.

Tapestry (NYSE:TPR) last posted its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.49. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The business 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 firm earned $2.00 EPS. Tapestry’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. Equities analysts anticipate that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be issued 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 is Friday, March 6th. Tapestry’s dividend payout ratio is 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.