United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases 42,376 Shares of Tapestry, Inc. $TPR

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its position in shares of Tapestry, Inc. (NYSE:TPR) by 313.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,876 shares of the luxury accessories retailer’s stock after buying an additional 42,376 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Tapestry were worth $7,139,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TPR. State Street Corp increased its position in Tapestry by 19.3% during the 3rd quarter. State Street Corp now owns 9,229,777 shares of the luxury accessories retailer’s stock worth $1,044,995,000 after buying an additional 1,494,193 shares during the period. Voloridge Investment Management LLC increased its position in Tapestry by 160.5% during the 3rd quarter. Voloridge Investment Management LLC now owns 1,886,518 shares of the luxury accessories retailer’s stock worth $213,592,000 after buying an additional 1,162,442 shares during the period. Two Sigma Investments LP increased its position in Tapestry by 426.8% during the 3rd quarter. Two Sigma Investments LP now owns 1,122,520 shares of the luxury accessories retailer’s stock worth $127,092,000 after buying an additional 909,433 shares during the period. Barclays PLC increased its position in Tapestry by 191.9% during the 3rd quarter. Barclays PLC now owns 1,297,394 shares of the luxury accessories retailer’s stock worth $146,891,000 after buying an additional 852,908 shares during the period. Finally, Schroder Investment Management Group increased its position in 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 worth $549,046,000 after buying an additional 846,553 shares during the period. Institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TPR shares. JPMorgan Chase & Co. raised their price target on Tapestry from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. BNP Paribas Exane started coverage on Tapestry in a research report on Friday, February 13th. They issued an “outperform” rating and a $176.00 price target on the stock. Evercore set a $175.00 price target on Tapestry in a research report on Friday, May 8th. Wells Fargo & Company raised their price target on Tapestry from $142.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Finally, The Goldman Sachs Group set a $166.00 price target on Tapestry in a research report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Tapestry currently has an average rating of “Moderate Buy” and a consensus target price of $160.67.

Tapestry Stock Performance

Tapestry stock opened at $145.40 on Friday. Tapestry, Inc. has a 12-month low of $76.92 and a 12-month high of $161.97. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. The business’s 50-day moving average price is $142.31 and its two-hundred day moving average price is $134.90. The stock has a market cap of $29.38 billion, a PE ratio of 46.60, a P/E/G ratio of 1.48 and a beta of 1.45.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the business posted $1.03 earnings per share. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, analysts expect that Tapestry, Inc. will post 6.95 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, June 5th. 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 value of $2,738,371.14. Following the transaction, the chief executive officer owned 123,258 shares in the company, valued at $17,258,585.16. The trade was a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total value of $3,691,152.64. Following the completion of the transaction, the chief executive officer owned 652,434 shares in the company, valued at approximately $86,701,954.26. This represents a 4.08% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.