Groupama Asset Managment Purchases New Holdings in Tapestry, Inc. $TPR

Groupama Asset Managment acquired a new position in Tapestry, Inc. (NYSE:TPR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 7,206 shares of the luxury accessories retailer’s stock, valued at approximately $816,000.

Several other large investors have also recently bought and sold shares of the company. Cambria Investment Management L.P. bought a new stake in shares of Tapestry during the third quarter worth $745,000. Connors Investor Services Inc. boosted its holdings in Tapestry by 3.0% in the third quarter. Connors Investor Services Inc. now owns 125,040 shares of the luxury accessories retailer’s stock valued at $14,157,000 after acquiring an additional 3,613 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Tapestry in the third quarter worth about $3,249,000. Achmea Investment Management B.V. acquired a new stake in Tapestry in the third quarter worth about $27,032,000. Finally, Centaurus Financial Inc. raised its holdings in Tapestry by 44.7% during the 3rd quarter. Centaurus Financial Inc. now owns 2,233 shares of the luxury accessories retailer’s stock worth $253,000 after purchasing an additional 690 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Tapestry Stock Down 1.6%

Shares of NYSE TPR opened at $140.55 on Friday. The stock has a market cap of $28.46 billion, a P/E ratio of 58.08, a P/E/G ratio of 1.71 and a beta of 1.55. The firm has a 50 day moving average price of $142.92 and a 200 day moving average price of $124.33. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63. Tapestry, Inc. has a 52-week low of $58.39 and a 52-week high of $161.97.

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

Tapestry Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s dividend payout ratio (DPR) is presently 66.12%.

Insider Activity

In other Tapestry news, Director Thomas Greco sold 14,245 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total value of $2,199,997.80. Following the completion of the sale, the director directly owned 21,302 shares in the company, valued at $3,289,880.88. This represents a 40.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Todd Kahn sold 39,815 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $151.34, for a total value of $6,025,602.10. Following the sale, the chief executive officer directly owned 120,578 shares in the company, valued at approximately $18,248,274.52. This represents a 24.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 164,956 shares of company stock valued at $25,297,262. Company insiders own 1.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on TPR shares. Argus set a $165.00 target price on shares of Tapestry in a research report on Thursday, March 12th. Sanford C. Bernstein reiterated an “outperform” rating and set a $170.00 price target on shares of Tapestry in a research report on Friday, February 6th. Citigroup boosted their price target on shares of Tapestry from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. TD Cowen restated a “buy” rating on shares of Tapestry in a report on Tuesday, February 10th. Finally, Barclays set a $179.00 price objective on shares of Tapestry and gave the company an “overweight” rating in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $151.06.

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.