Keybank National Association OH Lowers Stock Position in Tapestry, Inc. $TPR

Keybank National Association OH reduced its position in shares of Tapestry, Inc. (NYSE:TPR) by 11.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,721 shares of the luxury accessories retailer’s stock after selling 5,345 shares during the period. Keybank National Association OH’s holdings in Tapestry were worth $5,203,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Wealthfront Advisers LLC increased its stake in Tapestry by 0.4% in the 4th quarter. Wealthfront Advisers LLC now owns 49,425 shares of the luxury accessories retailer’s stock valued at $6,315,000 after buying an additional 187 shares during the last quarter. Certuity LLC purchased a new position in shares of Tapestry in the 4th quarter worth approximately $268,000. Torren Management LLC bought a new position in shares of Tapestry in the fourth quarter valued at approximately $61,000. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Tapestry by 58.0% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 341,486 shares of the luxury accessories retailer’s stock valued at $43,632,000 after acquiring an additional 125,403 shares during the last quarter. Finally, M&T Bank Corp increased its position in shares of Tapestry by 6.2% during the fourth quarter. M&T Bank Corp now owns 33,598 shares of the luxury accessories retailer’s stock valued at $4,294,000 after acquiring an additional 1,959 shares during the last quarter. 90.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TPR shares. BTIG Research boosted their price objective on Tapestry from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Citigroup raised their target price on Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday. Argus set a $165.00 target price on Tapestry in a research note on Thursday, March 12th. The Goldman Sachs Group set a $166.00 price target on shares of Tapestry in a research report on Friday, February 6th. Finally, Evercore raised their price objective on shares of Tapestry from $129.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Tapestry presently has an average rating of “Moderate Buy” and an average price target of $153.89.

Insider Transactions at Tapestry

In other news, Director Thomas Greco sold 14,245 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $154.44, for a total value of $2,199,997.80. Following the sale, the director owned 21,302 shares of the company’s stock, valued at $3,289,880.88. The trade was a 40.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Denise Kulikowsky sold 9,166 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the sale, the insider owned 26,942 shares in the company, valued at $4,192,714.04. The trade was a 25.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 164,956 shares of company stock valued at $25,297,262. 1.32% of the stock is currently owned by insiders.

Tapestry Stock Performance

Shares of TPR opened at $144.98 on Friday. Tapestry, Inc. has a 1 year low of $70.40 and a 1 year high of $161.97. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. The stock’s fifty day moving average price is $147.31 and its two-hundred day moving average price is $131.52. The firm has a market cap of $29.35 billion, a PE ratio of 59.91, a PEG ratio of 1.70 and a beta of 1.59.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the company earned $2.00 EPS. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, equities research analysts forecast that Tapestry, Inc. will post 6.45 EPS for the current year.

Tapestry Dividend Announcement

The firm also recently announced 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 1.1%. 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.