Hsbc Holdings PLC Has $49.40 Million Stock Holdings in Tapestry, Inc. $TPR

Hsbc Holdings PLC grew its position in shares of Tapestry, Inc. (NYSE:TPR) by 13.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 386,483 shares of the luxury accessories retailer’s stock after acquiring an additional 44,755 shares during the period. Hsbc Holdings PLC’s holdings in Tapestry were worth $49,403,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Acumen Wealth Advisors LLC acquired a new position in shares of Tapestry during the fourth quarter worth approximately $28,000. Triumph Capital Management bought a new stake in Tapestry in the third quarter valued at $29,000. Steph & Co. lifted its holdings in Tapestry by 128.7% during the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after purchasing an additional 130 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in Tapestry during the 4th quarter worth approximately $31,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of Tapestry in the fourth quarter valued at $32,000. 90.77% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’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 transaction, the chief executive officer owned 652,434 shares in the company, valued at $86,701,954.26. The trade was a 4.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of the company’s stock in a transaction on 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 completion of 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 SEC filing for this sale provides additional information. Company insiders own 1.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TPR shares. Argus set a $165.00 target price on shares of Tapestry in a research note on Thursday, March 12th. BTIG Research reiterated a “buy” rating and set a $180.00 price objective on shares of Tapestry in a report on Wednesday, June 10th. Citigroup upped their target price on Tapestry from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Robert W. Baird boosted their price objective on shares of Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, UBS Group increased their price target on Tapestry from $187.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. 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’s stock. Based on data from MarketBeat.com, Tapestry presently has a consensus rating of “Moderate Buy” and an average target price of $167.65.

Tapestry Stock Performance

Shares of Tapestry stock opened at $144.19 on Monday. Tapestry, Inc. has a twelve month low of $86.68 and a twelve month high of $161.97. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. The stock has a market cap of $29.13 billion, a price-to-earnings ratio of 46.22, a P/E/G ratio of 1.34 and a beta of 1.43. The company’s fifty day moving average is $141.69 and its 200 day moving average is $141.17.

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

Tapestry Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, June 5th. Tapestry’s payout ratio is currently 51.28%.

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.