Handelsbanken Fonder AB Grows Stake in Tapestry, Inc. $TPR

Handelsbanken Fonder AB raised its stake in Tapestry, Inc. (NYSE:TPR) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,046 shares of the luxury accessories retailer’s stock after acquiring an additional 6,300 shares during the period. Handelsbanken Fonder AB’s holdings in Tapestry were worth $7,672,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TPR. Cloud Capital Management LLC purchased a new stake in shares of Tapestry in the third quarter worth $26,000. Triumph Capital Management purchased a new stake in shares of Tapestry during the third quarter valued at $29,000. Steph & Co. boosted its position in shares of Tapestry by 128.7% during the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after buying an additional 130 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Tapestry during the fourth quarter valued at $31,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of Tapestry by 2,720.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 282 shares of the luxury accessories retailer’s stock valued at $36,000 after buying an additional 272 shares during the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Tapestry Stock Down 0.3%

TPR stock opened at $138.65 on Friday. Tapestry, Inc. has a fifty-two week low of $76.29 and a fifty-two week high of $161.97. The business’s 50-day moving average is $142.33 and its two-hundred day moving average is $133.61. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.27 and a current ratio of 1.84. The company has a market cap of $28.01 billion, a price-to-earnings ratio of 44.44, a P/E/G ratio of 1.41 and a beta of 1.45.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.36. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the company earned $1.03 earnings per share. Tapestry’s revenue was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, analysts forecast that Tapestry, Inc. will post 6.95 earnings per share for the current year.

Tapestry Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Tapestry’s dividend payout ratio (DPR) is 51.28%.

Insider Activity at Tapestry

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 transaction, the chief executive officer owned 652,434 shares of the company’s stock, valued at $86,701,954.26. This trade represents a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TPR shares. UBS Group raised Tapestry from a “neutral” rating to a “buy” rating and increased their price objective for the company from $142.00 to $187.00 in a research report on Friday, May 8th. Barclays set a $179.00 price objective on Tapestry and gave the company an “overweight” rating in a research report on Friday, February 6th. Argus set a $165.00 price objective on Tapestry in a research report on Thursday, March 12th. Weiss Ratings cut Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. Finally, Wells Fargo & Company increased their price objective on Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $160.67.

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.