Railway Pension Investments Ltd Acquires Shares of 310,800 Tapestry, Inc. $TPR

Railway Pension Investments Ltd acquired a new stake in shares of Tapestry, Inc. (NYSE:TPR) in the 4th quarter, Holdings Channel reports. The firm acquired 310,800 shares of the luxury accessories retailer’s stock, valued at approximately $39,711,000.

Several other institutional investors have also bought and sold shares of TPR. Norges Bank purchased a new stake in shares of Tapestry in the fourth quarter valued at $345,349,000. State Street Corp raised its stake in shares of Tapestry by 19.3% in the third quarter. State Street Corp now owns 9,229,777 shares of the luxury accessories retailer’s stock valued at $1,044,995,000 after acquiring an additional 1,494,193 shares during the period. Voloridge Investment Management LLC raised its stake in shares of Tapestry by 160.5% in the third quarter. Voloridge Investment Management LLC now owns 1,886,518 shares of the luxury accessories retailer’s stock valued at $213,592,000 after acquiring an additional 1,162,442 shares during the period. Two Sigma Investments LP raised its stake in shares of Tapestry by 426.8% in the third quarter. Two Sigma Investments LP now owns 1,122,520 shares of the luxury accessories retailer’s stock valued at $127,092,000 after acquiring an additional 909,433 shares during the period. Finally, Barclays PLC raised its stake in shares of Tapestry by 191.9% in the third quarter. Barclays PLC now owns 1,297,394 shares of the luxury accessories retailer’s stock valued at $146,891,000 after acquiring an additional 852,908 shares during the period. Institutional investors own 90.77% of the company’s stock.

Tapestry Trading Up 0.0%

TPR stock opened at $145.40 on Friday. The company has a market capitalization 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, Inc. has a 12 month low of $76.92 and a 12 month high of $161.97. The firm’s 50-day moving average is $142.31 and its 200 day moving average is $134.90. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27.

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

Tapestry Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, June 5th. Tapestry’s dividend payout ratio (DPR) is currently 51.28%.

Insider Activity

In related news, CEO Todd Kahn sold 19,557 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were 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 of the company’s stock, valued at $17,258,585.16. This trade represents a 13.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the completion of the transaction, the chief executive officer directly owned 652,434 shares in the company, valued at $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. Company insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TPR. BTIG Research reissued a “buy” rating and issued a $180.00 target price on shares of Tapestry in a research note on Friday, May 8th. Barclays set a $179.00 target price on shares of Tapestry and gave the company an “overweight” rating in a research note on Friday, February 6th. UBS Group raised shares of Tapestry from a “neutral” rating to a “buy” rating and increased their target price for the company from $142.00 to $187.00 in a research note on Friday, May 8th. Wall Street Zen raised shares of Tapestry from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Robert W. Baird increased their target price on shares of Tapestry from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.67.

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.