Tapestry, Inc. $TPR Shares Sold by Candriam S.C.A.

Candriam S.C.A. trimmed its holdings in Tapestry, Inc. (NYSE:TPR) by 12.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 228,712 shares of the luxury accessories retailer’s stock after selling 32,122 shares during the period. Candriam S.C.A. owned 0.11% of Tapestry worth $25,895,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cloud Capital Management LLC purchased a new position in shares of Tapestry during the 3rd quarter worth approximately $26,000. Vestor Capital LLC acquired a new stake in Tapestry during the 2nd quarter valued at $27,000. CVA Family Office LLC increased its position in Tapestry by 224.8% during the second quarter. CVA Family Office LLC now owns 380 shares of the luxury accessories retailer’s stock worth $33,000 after buying an additional 263 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Tapestry during the second quarter worth $37,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Tapestry in the second quarter worth $39,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Activity

In other news, CFO Scott A. Roe sold 18,794 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $104.85, for a total value of $1,970,550.90. Following the completion of the sale, the chief financial officer directly owned 148,149 shares in the company, valued at approximately $15,533,422.65. The trade was a 11.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 31,735 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $105.31, for a total transaction of $3,342,012.85. Following the sale, the chief executive officer directly owned 667,233 shares in the company, valued at $70,266,307.23. This trade represents a 4.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 115,485 shares of company stock worth $12,034,058 over the last ninety days. Insiders own 1.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on TPR. Morgan Stanley lifted their price objective on Tapestry from $124.00 to $126.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Evercore raised their price target on shares of Tapestry from $129.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Jefferies Financial Group lowered shares of Tapestry from a “buy” rating to a “hold” rating and cut their price objective for the company from $142.00 to $138.00 in a research report on Wednesday, January 14th. Guggenheim assumed coverage on shares of Tapestry in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. Finally, The Goldman Sachs Group set a $166.00 target price on shares of Tapestry in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $143.33.

Tapestry Price Performance

TPR opened at $154.61 on Tuesday. Tapestry, Inc. has a 52-week low of $58.39 and a 52-week high of $155.23. The company has a 50 day moving average of $128.27 and a two-hundred day moving average of $115.33. The company has a market cap of $31.30 billion, a P/E ratio of 63.89, a P/E/G ratio of 2.28 and a beta of 1.63. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the firm earned $2.00 earnings per share. The company’s revenue for the quarter 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 expect that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry announced that its board has authorized a share buyback program on Thursday, November 6th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the luxury accessories retailer to buy up to 4.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Tapestry Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 annualized dividend and a yield of 1.0%. 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.