5,447 Shares in Tapestry, Inc. $TPR Purchased by Reflection Asset Management

Reflection Asset Management acquired a new stake in Tapestry, Inc. (NYSE:TPR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,447 shares of the luxury accessories retailer’s stock, valued at approximately $696,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TPR. Fisher Asset Management LLC increased its holdings in shares of Tapestry by 21.7% during the 3rd quarter. Fisher Asset Management LLC now owns 608,266 shares of the luxury accessories retailer’s stock worth $68,868,000 after acquiring an additional 108,278 shares during the last quarter. DNB Asset Management AS increased its position 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 acquiring an additional 36,720 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of 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 during the period. Advisory Research Inc. increased its stake in Tapestry by 30.1% during the 3rd quarter. Advisory Research Inc. now owns 228,107 shares of the luxury accessories retailer’s stock worth $25,826,000 after acquiring an additional 52,747 shares during the period. Finally, TD Asset Management Inc increased its position in shares of Tapestry by 14.1% in 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 during the period. 90.77% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Joanne C. Crevoiserat sold 27,776 shares of the firm’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 sale, the chief executive officer directly owned 652,434 shares in the company, valued at $86,701,954.26. This trade represents a 4.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total value of $2,738,371.14. Following the completion of the sale, the chief executive officer directly owned 123,258 shares of the company’s stock, valued at $17,258,585.16. This trade represents a 13.69% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TPR has been the subject of several analyst reports. Robert W. Baird boosted their target price on shares of Tapestry from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Argus set a $165.00 price target on shares of Tapestry in a research report on Thursday, March 12th. UBS Group raised shares of Tapestry from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $142.00 to $187.00 in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Tapestry from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Tapestry in a report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $165.12.

Tapestry Stock Up 0.4%

NYSE:TPR opened at $144.07 on Friday. The firm’s 50 day simple moving average is $142.60 and its 200 day simple moving average is $138.94. 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, Inc. has a one year low of $83.26 and a one year high of $161.97. The company has a market cap of $29.11 billion, a PE ratio of 46.18, a P/E/G ratio of 1.46 and a beta of 1.42.

Tapestry (NYSE:TPR) last announced its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, topping the consensus estimate of $1.30 by $0.36. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the business earned $1.03 EPS. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, research analysts anticipate that Tapestry, Inc. will post 6.95 earnings per share for the current year.

Tapestry Announces Dividend

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

About Tapestry

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.