Tapestry, Inc. $TPR Stock Holdings Boosted by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Tapestry, Inc. (NYSE:TPR) by 9.8% during the 1st quarter, Holdings Channel reports. The firm owned 73,803 shares of the luxury accessories retailer’s stock after purchasing an additional 6,600 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Tapestry were worth $10,414,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sigma Planning Corp acquired a new position in Tapestry during the first quarter worth about $897,000. Hillsdale Investment Management Inc. lifted its holdings in Tapestry by 9.0% in the 1st quarter. Hillsdale Investment Management Inc. now owns 10,900 shares of the luxury accessories retailer’s stock valued at $1,538,000 after acquiring an additional 900 shares during the last quarter. Hartford Funds Management Co LLC acquired a new stake in Tapestry in the 1st quarter valued at about $296,000. Calamos Advisors LLC bought a new position in shares of Tapestry during the 1st quarter valued at about $3,238,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of Tapestry by 36.0% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,595 shares of the luxury accessories retailer’s stock valued at $507,000 after purchasing an additional 952 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TPR. BTIG Research reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Tapestry in a research note on Wednesday, June 10th. JPMorgan Chase & Co. increased their target price on shares of Tapestry from $200.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Raymond James Financial restated an “outperform” rating and set a $165.00 target price on shares of Tapestry in a report on Thursday, April 23rd. UBS Group lifted their price target on shares of Tapestry from $187.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, Evercore set a $175.00 price target on Tapestry in a report on Friday, May 8th. 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $169.88.

Tapestry Stock Performance

TPR stock opened at $135.22 on Wednesday. The firm has a 50 day simple moving average of $141.16 and a 200 day simple moving average of $141.88. Tapestry, Inc. has a 52 week low of $92.62 and a 52 week high of $161.97. The stock has a market cap of $27.32 billion, a P/E ratio of 43.34, a P/E/G ratio of 1.25 and a beta of 1.43. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.27 and a current ratio of 1.84.

Tapestry (NYSE:TPR) last released its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.36. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the business earned $1.03 EPS. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Research analysts anticipate that Tapestry, Inc. will post 6.96 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. Tapestry’s dividend payout ratio is 51.28%.

Insider Buying and Selling at Tapestry

In other Tapestry news, CEO Todd Kahn sold 19,557 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total value of $2,738,371.14. Following the transaction, the chief executive officer owned 123,258 shares in the company, valued at $17,258,585.16. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 652,434 shares in the company, valued at approximately $86,701,954.26. The trade was a 4.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is currently owned by company insiders.

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.