Fjarde AP Fonden Fourth Swedish National Pension Fund Decreases Stake in Tapestry, Inc. $TPR

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in Tapestry, Inc. (NYSE:TPR) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,300 shares of the luxury accessories retailer’s stock after selling 3,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Tapestry were worth $4,255,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its holdings in Tapestry by 21.7% during the third quarter. Fisher Asset Management LLC now owns 608,266 shares of the luxury accessories retailer’s stock worth $68,868,000 after purchasing an additional 108,278 shares in the last quarter. DNB Asset Management AS raised its holdings in Tapestry by 1,331.4% during the third quarter. DNB Asset Management AS now owns 39,478 shares of the luxury accessories retailer’s stock worth $4,470,000 after purchasing an additional 36,720 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Tapestry by 23.6% during the third quarter. Russell Investments Group Ltd. now owns 217,408 shares of the luxury accessories retailer’s stock worth $24,615,000 after purchasing an additional 41,556 shares in the last quarter. Advisory Research Inc. raised its holdings in Tapestry by 30.1% during the third quarter. Advisory Research Inc. now owns 228,107 shares of the luxury accessories retailer’s stock worth $25,826,000 after purchasing an additional 52,747 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in Tapestry by 14.1% during the third quarter. TD Asset Management Inc now owns 103,480 shares of the luxury accessories retailer’s stock worth $11,716,000 after purchasing an additional 12,825 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Tapestry Stock Performance

Shares of Tapestry stock opened at $140.85 on Tuesday. The firm’s fifty day simple moving average is $141.89 and its 200-day simple moving average is $136.69. The stock has a market capitalization of $28.46 billion, a price-to-earnings ratio of 45.15, a PEG ratio of 1.42 and a beta of 1.42. Tapestry, Inc. has a 12 month low of $78.25 and a 12 month high of $161.97. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27.

Tapestry (NYSE:TPR) last announced its earnings results 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 business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations 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 previous year, the company posted $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, equities analysts forecast that Tapestry, Inc. will post 6.95 earnings per share for the current year.

Tapestry Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, June 5th. Tapestry’s payout ratio is presently 51.28%.

Analyst Ratings Changes

A number of analysts have weighed in on TPR shares. Wall Street Zen raised shares of Tapestry from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings cut shares of Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. BTIG Research reissued a “buy” rating and set a $180.00 price objective on shares of Tapestry in a report on Friday, May 8th. Robert W. Baird raised their price objective on shares of Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, Raymond James Financial reissued an “outperform” rating and set a $165.00 price objective on shares of Tapestry in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.22.

Insiders Place Their Bets

In other news, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total value of $3,691,152.64. Following the transaction, the chief executive officer directly owned 652,434 shares of the company’s stock, valued at $86,701,954.26. The trade was a 4.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the completion of the transaction, the chief executive officer directly 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 SEC filing for this sale provides additional information. Insiders own 1.32% of the company’s stock.

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.