Tapestry, Inc. $TPR Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Tapestry, Inc. (NYSE:TPR) by 6.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,897 shares of the luxury accessories retailer’s stock after acquiring an additional 4,127 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Tapestry were worth $7,900,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Woodline Partners LP raised its stake in Tapestry by 25.0% in the 1st quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock valued at $1,231,000 after purchasing an additional 3,495 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Tapestry in the 1st quarter valued at about $493,000. Sivia Capital Partners LLC acquired a new stake in shares of Tapestry during the 2nd quarter worth about $602,000. KBC Group NV boosted its stake in shares of Tapestry by 72.5% during the 2nd quarter. KBC Group NV now owns 16,829 shares of the luxury accessories retailer’s stock worth $1,478,000 after purchasing an additional 7,072 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Tapestry by 7.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 50,937 shares of the luxury accessories retailer’s stock worth $4,473,000 after buying an additional 3,595 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Joanne C. Crevoiserat sold 48,795 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 671,193 shares in the company, valued at approximately $103,947,659.91. This trade represents a 6.78% 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 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 transaction of $1,426,412.92. Following the completion of the transaction, the insider owned 26,942 shares in the company, valued at $4,192,714.04. The trade was a 25.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 164,956 shares of company stock worth $25,297,262. 1.32% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TPR. TD Cowen reissued a “buy” rating on shares of Tapestry in a research report on Tuesday, February 10th. Jefferies Financial Group lowered shares of Tapestry from a “buy” rating to a “hold” rating and decreased their target price for the stock from $142.00 to $138.00 in a research report on Wednesday, January 14th. Telsey Advisory Group raised their price objective on Tapestry to $150.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Evercore upped their target price on Tapestry from $129.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Finally, The Goldman Sachs Group set a $166.00 price target on Tapestry in a report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Tapestry presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.06.

Tapestry Trading Down 0.2%

TPR stock opened at $141.82 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32. The company has a market cap of $28.71 billion, a price-to-earnings ratio of 58.60, a PEG ratio of 1.71 and a beta of 1.55. The business has a fifty day simple moving average of $142.23 and a 200-day simple moving average of $123.53. Tapestry, Inc. has a 52 week low of $58.39 and a 52 week high of $161.97.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share 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 for the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter last year, the firm earned $2.00 earnings per share. The firm’s revenue for the quarter 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, equities research analysts expect that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. 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.