OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys Shares of 10,000 Tapestry, Inc. $TPR

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Tapestry, Inc. (NYSE:TPR) during the 4th quarter, Holdings Channel.com reports. The fund bought 10,000 shares of the luxury accessories retailer’s stock, valued at approximately $1,278,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its position in Tapestry by 2.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,682 shares of the luxury accessories retailer’s stock valued at $477,000 after acquiring an additional 73 shares in the last quarter. Northwest Wealth Management LLC boosted its position in shares of Tapestry by 3.4% in the 4th quarter. Northwest Wealth Management LLC now owns 2,462 shares of the luxury accessories retailer’s stock worth $315,000 after purchasing an additional 82 shares in the last quarter. Fulton Bank N.A. boosted its position in shares of Tapestry by 2.8% in the 4th quarter. Fulton Bank N.A. now owns 3,166 shares of the luxury accessories retailer’s stock worth $405,000 after purchasing an additional 87 shares in the last quarter. CVA Family Office LLC boosted its position in shares of Tapestry by 23.4% in the 4th quarter. CVA Family Office LLC now owns 469 shares of the luxury accessories retailer’s stock worth $60,000 after purchasing an additional 89 shares in the last quarter. Finally, Clark Financial Services Group Inc. BD boosted its position in shares of Tapestry by 1.8% in the 4th quarter. Clark Financial Services Group Inc. BD now owns 5,701 shares of the luxury accessories retailer’s stock worth $733,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TPR. Weiss Ratings cut Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. BTIG Research reissued a “buy” rating and issued a $180.00 price objective on shares of Tapestry in a research report on Wednesday, June 10th. Argus set a $165.00 price objective on Tapestry in a research report on Thursday, March 12th. Wall Street Zen raised Tapestry from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Robert W. Baird raised their price objective on Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.12.

Tapestry Stock Performance

Shares of TPR opened at $150.80 on Tuesday. The stock has a 50-day moving average of $142.43 and a two-hundred day moving average of $138.13. Tapestry, Inc. has a one year low of $80.35 and a one year high of $161.97. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.27 and a current ratio of 1.84. The stock has a market cap of $30.47 billion, a P/E ratio of 48.33, a P/E/G ratio of 1.50 and a beta of 1.42.

Tapestry (NYSE:TPR) last issued its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.36. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm’s revenue was up 21.2% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, research analysts predict that Tapestry, Inc. will post 6.95 EPS for the current year.

Tapestry Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Tapestry’s payout ratio is currently 51.28%.

Insider Transactions at Tapestry

In other Tapestry news, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the completion of the sale, the chief executive officer owned 123,258 shares of the company’s stock, valued at approximately $17,258,585.16. The trade was a 13.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total value of $3,691,152.64. Following the sale, the chief executive officer directly owned 652,434 shares of the company’s stock, valued at approximately $86,701,954.26. This represents a 4.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.32% of the company’s stock.

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.