MUFG Securities EMEA plc Acquires 4,406 Shares of Tapestry, Inc. $TPR

MUFG Securities EMEA plc raised its holdings in shares of Tapestry, Inc. (NYSE:TPR) by 110.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,390 shares of the luxury accessories retailer’s stock after buying an additional 4,406 shares during the quarter. MUFG Securities EMEA plc’s holdings in Tapestry were worth $1,072,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Triumph Capital Management bought a new position in Tapestry during the third quarter valued at $29,000. Steph & Co. lifted its position in 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 purchasing an additional 130 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Tapestry in the 4th quarter worth about $31,000. Cornerstone Planning Group LLC lifted its holdings in shares of Tapestry by 2,720.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 282 shares of the luxury accessories retailer’s stock worth $36,000 after acquiring an additional 272 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in shares of Tapestry by 157.4% in the 4th quarter. Sound Income Strategies LLC now owns 314 shares of the luxury accessories retailer’s stock worth $41,000 after acquiring an additional 192 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Tapestry Trading Down 0.1%

NYSE:TPR opened at $138.64 on Wednesday. Tapestry, Inc. has a one year low of $77.79 and a one year high of $161.97. 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 firm has a market cap of $28.01 billion, a P/E ratio of 44.44, a P/E/G ratio of 1.41 and a beta of 1.42. The firm has a 50-day simple moving average of $142.23 and a 200-day simple moving average of $135.36.

Tapestry (NYSE:TPR) last issued its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.36. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the firm earned $1.03 EPS. The company’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. Equities analysts anticipate that Tapestry, Inc. will post 6.95 EPS for the current fiscal year.

Tapestry Announces Dividend

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

Insider Buying and Selling

In other news, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which is accessible 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 that occurred on Tuesday, May 26th. The stock was 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 approximately $17,258,585.16. The trade was a 13.69% decrease in their position. The SEC filing for this sale provides additional information. 1.32% of the stock is owned by insiders.

Analyst Ratings Changes

TPR has been the subject of several analyst reports. Wall Street Zen upgraded shares of Tapestry from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. BNP Paribas Exane initiated coverage on shares of Tapestry in a report on Friday, February 13th. They issued an “outperform” rating and a $176.00 target price for the company. Argus set a $165.00 target price on shares of Tapestry in a report on Thursday, March 12th. Citigroup raised their target price on shares of Tapestry from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $180.00 price objective on shares of Tapestry in a report on Tuesday. Two 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.22.

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.