Schroder Investment Management Group Grows Stock Holdings in Tapestry, Inc. $TPR

Schroder Investment Management Group increased its position in Tapestry, Inc. (NYSE:TPR) by 21.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,849,371 shares of the luxury accessories retailer’s stock after buying an additional 846,553 shares during the quarter. Schroder Investment Management Group’s holdings in Tapestry were worth $549,046,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Advisor Group LLC boosted its stake in shares of Tapestry by 35.7% in the third quarter. Private Advisor Group LLC now owns 8,002 shares of the luxury accessories retailer’s stock worth $906,000 after acquiring an additional 2,106 shares during the period. Jefferies Financial Group Inc. bought a new stake in Tapestry during the 3rd quarter valued at approximately $14,243,000. B. Metzler seel. Sohn & Co. AG purchased a new position in Tapestry in the 3rd quarter worth approximately $616,000. Vinva Investment Management Ltd purchased a new position in Tapestry in the 3rd quarter worth approximately $22,551,000. Finally, CreativeOne Wealth LLC bought a new position in Tapestry in the 3rd quarter worth approximately $205,000. 90.77% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Joanne C. Crevoiserat sold 48,795 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $154.87, for a total transaction of $7,556,881.65. Following the transaction, the chief executive officer directly owned 671,193 shares in the company, valued at approximately $103,947,659.91. This represents a 6.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas Greco sold 14,245 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total transaction of $2,199,997.80. Following the completion of the sale, the director directly owned 21,302 shares in the company, valued at $3,289,880.88. This trade represents a 40.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 164,956 shares of company stock worth $25,297,262 in the last 90 days. Company insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Tapestry from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. UBS Group reiterated a “neutral” rating and issued a $141.00 price target on shares of Tapestry in a report on Monday, February 9th. BTIG Research boosted their price target on shares of Tapestry from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Wall Street Zen downgraded shares of Tapestry from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, Telsey Advisory Group raised their price objective on Tapestry to $150.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.00.

Tapestry Trading Down 3.7%

TPR opened at $144.10 on Monday. The firm has a market cap of $29.17 billion, a P/E ratio of 59.55, a P/E/G ratio of 1.73 and a beta of 1.55. Tapestry, Inc. has a 12 month low of $58.39 and a 12 month high of $161.97. The stock has a 50-day moving average of $140.38 and a 200 day moving average of $121.66. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32.

Tapestry (NYSE:TPR) last announced its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the previous year, the business earned $2.00 EPS. The company’s quarterly revenue was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, research analysts forecast that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Tapestry’s dividend payout ratio is currently 66.12%.

Tapestry 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.