OFI Invest Asset Management Acquires Shares of 5,114 Tapestry, Inc. $TPR

OFI Invest Asset Management acquired a new stake in shares of Tapestry, Inc. (NYSE:TPR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,114 shares of the luxury accessories retailer’s stock, valued at approximately $618,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Tapestry by 19.3% during the 3rd quarter. State Street Corp now owns 9,229,777 shares of the luxury accessories retailer’s stock valued at $1,044,995,000 after purchasing an additional 1,494,193 shares during the last quarter. SRS Investment Management LLC boosted its holdings in shares of Tapestry by 12.4% during the 2nd quarter. SRS Investment Management LLC now owns 5,332,824 shares of the luxury accessories retailer’s stock valued at $468,275,000 after purchasing an additional 589,000 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of Tapestry by 21.1% during the 3rd quarter. Schroder Investment Management Group now owns 4,849,371 shares of the luxury accessories retailer’s stock valued at $549,046,000 after purchasing an additional 846,553 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Tapestry by 21.4% during the 3rd quarter. AQR Capital Management LLC now owns 4,307,615 shares of the luxury accessories retailer’s stock valued at $487,708,000 after purchasing an additional 760,646 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Tapestry by 7.6% during the 3rd quarter. Northern Trust Corp now owns 2,870,821 shares of the luxury accessories retailer’s stock valued at $325,034,000 after purchasing an additional 203,520 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Tapestry Stock Up 1.4%

Shares of NYSE TPR opened at $152.73 on Friday. The firm’s 50-day moving average price is $146.57 and its 200-day moving average price is $127.83. 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 stock has a market capitalization of $30.92 billion, a price-to-earnings ratio of 63.11, a P/E/G ratio of 1.81 and a beta of 1.59. Tapestry, Inc. has a 12-month low of $61.60 and a 12-month high of $161.97.

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

Tapestry Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 6th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.60 annualized dividend and a yield of 1.0%. Tapestry’s dividend payout ratio (DPR) is presently 66.12%.

Analyst Upgrades and Downgrades

Several research firms have commented on TPR. Weiss Ratings reissued a “hold (c)” rating on shares of Tapestry in a report on Wednesday, January 21st. Robert W. Baird set a $160.00 price objective on shares of Tapestry in a report on Friday, February 6th. UBS Group restated a “neutral” rating and set a $141.00 target price on shares of Tapestry in a research report on Monday, February 9th. Telsey Advisory Group upped their target price on shares of Tapestry to $150.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Finally, BTIG Research upped their target price on shares of Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Two investment 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.06.

Insiders Place Their Bets

In other Tapestry news, Director Thomas Greco sold 14,245 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $154.44, for a total value of $2,199,997.80. Following the completion of the sale, the director owned 21,302 shares of the company’s stock, valued at $3,289,880.88. This trade represents a 40.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anne Gates sold 6,498 shares of the firm’s stock in a transaction dated 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. The trade was a 22.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 164,956 shares of company stock valued at $25,297,262 over the last quarter. Corporate insiders own 1.32% of the company’s stock.

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.