J. Safra Sarasin Holding AG Trims Stake in Tapestry, Inc. $TPR

J. Safra Sarasin Holding AG lessened its stake in shares of Tapestry, Inc. (NYSE:TPR) by 62.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,744 shares of the luxury accessories retailer’s stock after selling 11,170 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Tapestry were worth $862,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Woodline Partners LP boosted its stake in shares of Tapestry by 25.0% during the first quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock valued at $1,231,000 after acquiring an additional 3,495 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Tapestry in the 1st quarter valued at about $493,000. Sivia Capital Partners LLC purchased a new position in Tapestry in the 2nd quarter valued at about $602,000. XTX Topco Ltd lifted its holdings in Tapestry by 9.7% in the 2nd quarter. XTX Topco Ltd now owns 3,920 shares of the luxury accessories retailer’s stock valued at $344,000 after purchasing an additional 348 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Tapestry during the 2nd quarter worth about $45,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Tapestry Trading Up 2.3%

NYSE TPR opened at $144.42 on Thursday. The company has a market cap of $29.24 billion, a P/E ratio of 59.68, a P/E/G ratio of 1.69 and a beta of 1.59. Tapestry, Inc. has a 12 month low of $58.39 and a 12 month high of $161.97. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. The company has a 50-day moving average of $144.51 and a 200-day moving average of $126.54.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $2.29 billion. During the same period last year, the company earned $2.00 earnings per share. 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, equities analysts predict that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Announces Dividend

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

Insider Activity at Tapestry

In other news, Director Anne Gates sold 6,498 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $153.79, for a total transaction of $999,327.42. Following the completion of the sale, the director directly owned 22,698 shares in the company, valued at $3,490,725.42. This represents a 22.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total value of $7,556,881.65. Following the completion of the transaction, the chief executive officer directly owned 671,193 shares in the company, valued at $103,947,659.91. This trade represents a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 164,956 shares of company stock worth $25,297,262. 1.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TPR shares. Guggenheim assumed coverage on shares of Tapestry in a report on Tuesday, December 9th. They set a “neutral” rating for the company. Argus set a $165.00 target price on shares of Tapestry in a research report on Thursday, March 12th. Robert W. Baird set a $160.00 target price on shares of Tapestry in a research note on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tapestry in a report on Wednesday, January 21st. Finally, Wall Street Zen raised Tapestry from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.06.

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.