Swiss National Bank Raises Stock Holdings in Tapestry, Inc. $TPR

Swiss National Bank grew its position in Tapestry, Inc. (NYSE:TPR) by 51.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 598,679 shares of the luxury accessories retailer’s stock after acquiring an additional 203,079 shares during the quarter. Swiss National Bank’s holdings in Tapestry were worth $67,782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of TPR. Cloud Capital Management LLC acquired a new position in shares of Tapestry in the 3rd quarter valued at $26,000. Vestor Capital LLC acquired a new stake in Tapestry during the 2nd quarter worth $27,000. Johnson Financial Group Inc. purchased a new position in Tapestry during the 2nd quarter worth $39,000. Elevation Point Wealth Partners LLC purchased a new position in Tapestry during the 2nd quarter worth $45,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Tapestry in the second quarter valued at $52,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Tapestry news, CEO Joanne C. Crevoiserat sold 48,795 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $103,947,659.91. The trade was a 6.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Manesh Dadlani sold 2,147 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $153.47, for a total value of $329,500.09. Following the transaction, the vice president directly owned 18,475 shares of the company’s stock, valued at approximately $2,835,358.25. This trade represents a 10.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 164,956 shares of company stock worth $25,297,262 in the last three months. Company insiders own 1.32% of the company’s stock.

Tapestry Stock Down 2.0%

Shares of Tapestry stock opened at $145.33 on Thursday. Tapestry, Inc. has a one year low of $58.39 and a one year high of $161.97. The company has a market cap of $29.42 billion, a P/E ratio of 60.05, a PEG ratio of 1.78 and a beta of 1.55. 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 firm has a fifty day moving average of $141.41 and a two-hundred day moving average of $122.50.

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

Tapestry Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. BTIG Research upped their target price on shares of Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 6th. Telsey Advisory Group raised their price target on Tapestry to $150.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Argus upgraded Tapestry to a “strong-buy” rating in a research report on Friday, January 16th. Wells Fargo & Company upped their price objective on Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Tapestry in a research report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

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.