TD Waterhouse Canada Inc. Has $22.76 Million Position in Tapestry, Inc. $TPR

TD Waterhouse Canada Inc. increased its position in shares of Tapestry, Inc. (NYSE:TPR) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 178,148 shares of the luxury accessories retailer’s stock after purchasing an additional 5,365 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Tapestry were worth $22,755,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Fisher Asset Management LLC raised its holdings in Tapestry by 21.7% in the 3rd quarter. Fisher Asset Management LLC now owns 608,266 shares of the luxury accessories retailer’s stock valued at $68,868,000 after acquiring an additional 108,278 shares in the last quarter. DNB Asset Management AS raised its holdings in Tapestry by 1,331.4% in the 3rd quarter. DNB Asset Management AS now owns 39,478 shares of the luxury accessories retailer’s stock valued at $4,470,000 after acquiring an additional 36,720 shares in the last quarter. Great Diamond Partners LLC acquired a new position in Tapestry in the 3rd quarter valued at $2,395,000. Three Seasons Wealth LLC acquired a new position in Tapestry in the 3rd quarter valued at $1,882,000. Finally, Stevens Capital Partners acquired a new position in Tapestry in the 3rd quarter valued at $8,880,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on TPR. The Goldman Sachs Group set a $166.00 price objective on Tapestry in a report on Friday, February 6th. Wall Street Zen cut Tapestry from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Barclays set a $179.00 price objective on Tapestry and gave the company an “overweight” rating in a report on Friday, February 6th. Argus set a $165.00 price objective on Tapestry in a report on Thursday, March 12th. Finally, UBS Group reiterated a “neutral” rating and issued a $141.00 price target on shares of Tapestry in a research note on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Tapestry currently has an average rating of “Moderate Buy” and a consensus target price of $151.06.

Insider Buying and Selling

In related news, Director Thomas Greco sold 14,245 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total transaction of $2,199,997.80. Following the sale, the director owned 21,302 shares in the company, valued at $3,289,880.88. The trade was a 40.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the business’s 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 sale, the chief executive officer owned 671,193 shares in the company, valued at $103,947,659.91. This represents a 6.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 164,956 shares of company stock worth $25,297,262. 1.32% of the stock is owned by company insiders.

Tapestry Trading Down 1.4%

Shares of TPR opened at $153.63 on Tuesday. Tapestry, Inc. has a 52-week low of $61.60 and a 52-week high of $161.97. The business’s fifty day moving average is $148.55 and its 200-day moving average is $129.97. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63. The firm has a market cap of $31.10 billion, a price-to-earnings ratio of 63.48, a PEG ratio of 1.87 and a beta of 1.59.

Tapestry (NYSE:TPR) last issued its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the company posted $2.00 EPS. 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. Equities analysts anticipate that Tapestry, Inc. will post 6.45 EPS for the current fiscal year.

Tapestry Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 6th were paid a $0.40 dividend. The ex-dividend date was Friday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. Tapestry’s dividend payout ratio (DPR) is presently 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.