Vise Technologies Inc. Boosts Position in Tapestry, Inc. $TPR

Vise Technologies Inc. raised its position in Tapestry, Inc. (NYSE:TPR) by 73.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,724 shares of the luxury accessories retailer’s stock after buying an additional 3,686 shares during the quarter. Vise Technologies Inc.’s holdings in Tapestry were worth $1,115,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TPR. Norges Bank purchased a new stake in Tapestry in the fourth quarter valued at approximately $345,349,000. State Street Corp lifted its stake in 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 buying an additional 1,494,193 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in 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 buying an additional 1,162,442 shares during the last quarter. Two Sigma Investments LP lifted its stake in 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 buying an additional 909,433 shares during the last quarter. Finally, Barclays PLC lifted its stake in 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 buying an additional 852,908 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on TPR. TD Cowen reiterated a “buy” rating on shares of Tapestry in a research note on Tuesday, February 10th. Argus set a $165.00 price objective on Tapestry in a research note on Thursday, March 12th. Wall Street Zen upgraded Tapestry from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. boosted their price objective on Tapestry from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, Zacks Research upgraded Tapestry from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $161.22.

Tapestry Price Performance

Tapestry stock opened at $140.85 on Tuesday. Tapestry, Inc. has a 12 month low of $78.25 and a 12 month high of $161.97. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27. The business has a 50 day simple moving average of $141.89 and a 200-day simple moving average of $136.69. The stock has a market capitalization of $28.46 billion, a PE ratio of 45.15, a price-to-earnings-growth ratio of 1.42 and a beta of 1.42.

Tapestry (NYSE:TPR) last released 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. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The company’s quarterly 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. Equities analysts predict that Tapestry, Inc. will post 6.95 earnings per share for the current year.

Tapestry Dividend Announcement

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

Insider Activity at Tapestry

In other news, CEO Todd Kahn sold 19,557 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $17,258,585.16. This represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the company’s stock in a transaction that occurred on 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 owned 652,434 shares of the company’s stock, valued at $86,701,954.26. This trade 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. 1.32% of the stock is owned by corporate insiders.

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.