Danske Bank A S Sells 36,691 Shares of Tapestry, Inc. $TPR

Danske Bank A S lowered its position in Tapestry, Inc. (NYSE:TPR) by 21.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 134,500 shares of the luxury accessories retailer’s stock after selling 36,691 shares during the period. Danske Bank A S’s holdings in Tapestry were worth $17,185,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Steph & Co. increased its position in shares of Tapestry by 128.7% in the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after buying an additional 130 shares in the last quarter. Cloud Capital Management LLC bought a new stake in shares of Tapestry in the 3rd quarter valued at $26,000. Flagship Harbor Advisors LLC bought a new stake in shares of Tapestry in the 4th quarter valued at $31,000. Triumph Capital Management bought a new stake in shares of Tapestry in the 3rd quarter valued at $29,000. Finally, Sound Income Strategies LLC increased its position in shares of Tapestry by 157.4% in the 4th quarter. Sound Income Strategies LLC now owns 314 shares of the luxury accessories retailer’s stock valued at $41,000 after buying an additional 192 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Insider Buying and Selling at Tapestry

In other news, CFO Scott A. Roe sold 44,290 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $152.62, for a total transaction of $6,759,539.80. Following the completion of the transaction, the chief financial officer directly owned 139,128 shares in the company, valued at $21,233,715.36. This represents a 24.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total transaction of $7,556,881.65. Following the transaction, the chief executive officer owned 671,193 shares of the company’s stock, valued at approximately $103,947,659.91. This represents a 6.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 164,956 shares of company stock valued at $25,297,262 in the last 90 days. 1.32% of the stock is currently owned by corporate insiders.

Tapestry Stock Up 0.1%

NYSE:TPR opened at $142.83 on Monday. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63. The company has a market cap of $28.92 billion, a PE ratio of 59.02, a PEG ratio of 1.71 and a beta of 1.45. Tapestry, Inc. has a 52-week low of $70.81 and a 52-week high of $161.97. The stock has a 50-day simple moving average of $147.31 and a 200 day simple moving average of $131.75.

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 analysts’ consensus estimates of $2.20 by $0.49. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.Tapestry’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the company earned $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, sell-side analysts expect that Tapestry, Inc. will post 6.46 EPS for the current fiscal year.

Tapestry Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 6th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is presently 66.12%.

Wall Street Analyst Weigh In

A number of analysts recently commented on TPR shares. Weiss Ratings restated a “hold (c)” rating on shares of Tapestry in a research report on Wednesday, January 21st. Telsey Advisory Group upped their price objective on shares of Tapestry to $150.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Wells Fargo & Company upped 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. TD Cowen restated a “buy” rating on shares of Tapestry in a research report on Tuesday, February 10th. Finally, Wall Street Zen lowered shares of Tapestry from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Tapestry currently has an average rating of “Moderate Buy” and an average target price of $153.89.

About Tapestry

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.