Kepler Cheuvreux Suisse SA Acquires New Stake in Tapestry, Inc. $TPR

Kepler Cheuvreux Suisse SA acquired a new stake in Tapestry, Inc. (NYSE:TPR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 26,601 shares of the luxury accessories retailer’s stock, valued at approximately $3,754,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Praxis Investment Management Inc. increased its stake in Tapestry by 8.2% in the first quarter. Praxis Investment Management Inc. now owns 5,992 shares of the luxury accessories retailer’s stock worth $846,000 after purchasing an additional 452 shares during the period. Wealthstar Advisors LLC purchased a new stake in shares of Tapestry during the first quarter valued at $1,071,000. QRG Capital Management Inc. grew its holdings in shares of Tapestry by 30.1% in the first quarter. QRG Capital Management Inc. now owns 11,600 shares of the luxury accessories retailer’s stock worth $1,637,000 after purchasing an additional 2,686 shares during the last quarter. HB Wealth Management LLC grew its holdings in shares of Tapestry by 8.0% in the first quarter. HB Wealth Management LLC now owns 12,793 shares of the luxury accessories retailer’s stock worth $1,805,000 after purchasing an additional 948 shares during the last quarter. Finally, Baer Investment Advisory LLC purchased a new position in Tapestry in the 1st quarter worth about $1,058,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Tapestry Stock Performance

TPR stock opened at $144.19 on Friday. Tapestry, Inc. has a 1-year low of $86.68 and a 1-year high of $161.97. The business has a 50-day moving average price of $141.69 and a 200 day moving average price of $141.05. The company has a market capitalization of $29.13 billion, a P/E ratio of 46.22, a PEG ratio of 1.34 and a beta of 1.43. 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 issued its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.36. The company 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 firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, equities research analysts forecast that Tapestry, Inc. will post 6.95 EPS for the current fiscal year.

Tapestry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is currently 51.28%.

Analyst Ratings Changes

Several equities research analysts have issued reports on TPR shares. Evercore set a $175.00 price objective on shares of Tapestry in a research report on Friday, May 8th. Weiss Ratings lowered shares of Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Robert W. Baird lifted their price target on shares of Tapestry from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Argus set a $165.00 price target on Tapestry in a report on Thursday, March 12th. Finally, JPMorgan Chase & Co. increased their price objective on Tapestry from $200.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Two investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $167.65.

Insider Buying and Selling

In related news, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total value of $2,738,371.14. Following the sale, the chief executive officer owned 123,258 shares of the company’s stock, valued at approximately $17,258,585.16. This 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 company insiders.

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.