Nippon Life Global Investors Americas Inc. Buys 47,220 Shares of Tapestry, Inc. $TPR

Nippon Life Global Investors Americas Inc. increased its stake in shares of Tapestry, Inc. (NYSE:TPR) by 822.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,960 shares of the luxury accessories retailer’s stock after buying an additional 47,220 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Tapestry were worth $5,996,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Woodline Partners LP lifted its position in Tapestry by 25.0% in the 1st quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock valued at $1,231,000 after acquiring an additional 3,495 shares in the last quarter. Acadian Asset Management LLC bought a new position in Tapestry in the first quarter valued at $493,000. Sivia Capital Partners LLC acquired a new stake in Tapestry in the 2nd quarter valued at $602,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Tapestry by 10.0% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,414 shares of the luxury accessories retailer’s stock worth $475,000 after buying an additional 494 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Tapestry by 15.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 108,533 shares of the luxury accessories retailer’s stock worth $9,790,000 after buying an additional 14,328 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TPR shares. Barclays upped their target price on Tapestry from $154.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Robert W. Baird set a $140.00 price objective on Tapestry in a report on Wednesday, December 17th. BTIG Research started coverage on shares of Tapestry in a research note on Tuesday, October 14th. They issued a “buy” rating and a $140.00 target price for the company. Wall Street Zen downgraded Tapestry from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 price objective on shares of Tapestry in a research report on Wednesday, December 17th. Sixteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $126.05.

Insider Buying and Selling at Tapestry

In other news, CFO Scott A. Roe sold 18,794 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $104.85, for a total value of $1,970,550.90. Following the completion of the transaction, the chief financial officer owned 148,149 shares of the company’s stock, valued at approximately $15,533,422.65. This represents a 11.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd Kahn sold 10,344 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $107.00, for a total transaction of $1,106,808.00. Following the completion of the sale, the chief executive officer owned 131,815 shares in the company, valued at approximately $14,104,205. The trade was a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 115,485 shares of company stock worth $12,034,058 over the last quarter. 1.32% of the stock is currently owned by company insiders.

Tapestry Stock Performance

NYSE:TPR opened at $130.89 on Friday. The company has a market cap of $26.79 billion, a price-to-earnings ratio of 116.86, a PEG ratio of 2.69 and a beta of 1.63. The stock has a fifty day moving average price of $119.56 and a 200-day moving average price of $111.46. Tapestry, Inc. has a fifty-two week low of $58.39 and a fifty-two week high of $136.04. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.93 and a current ratio of 1.52.

Tapestry (NYSE:TPR) last issued its quarterly earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.13. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.63 billion. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. As a group, equities analysts anticipate that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, December 5th. Tapestry’s dividend payout ratio (DPR) is currently 142.86%.

Tapestry announced that its board has authorized a stock buyback plan on Thursday, November 6th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the luxury accessories retailer to reacquire up to 4.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

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.