Universal Beteiligungs und Servicegesellschaft mbH Has $38.68 Million Stock Position in Tapestry, Inc. $TPR

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Tapestry, Inc. (NYSE:TPR) by 2.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 301,028 shares of the luxury accessories retailer’s stock after selling 8,980 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Tapestry were worth $38,684,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new position in Tapestry in the third quarter valued at approximately $26,000. Triumph Capital Management acquired a new position in Tapestry in the third quarter valued at approximately $29,000. Steph & Co. lifted its stake in Tapestry by 128.7% in 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 period. Flagship Harbor Advisors LLC acquired a new position in Tapestry in the fourth quarter valued at approximately $31,000. Finally, Sound Income Strategies LLC lifted its stake in Tapestry by 157.4% in the fourth quarter. Sound Income Strategies LLC now owns 314 shares of the luxury accessories retailer’s stock valued at $41,000 after buying an additional 192 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TPR shares. Evercore boosted their price target on Tapestry from $129.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Barclays set a $179.00 price target on Tapestry and gave the company an “overweight” rating in a research note on Friday, February 6th. The Goldman Sachs Group set a $166.00 price target on Tapestry in a research note on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Tapestry in a research note on Wednesday, January 21st. Finally, BTIG Research boosted their price target on Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Tapestry presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.06.

Tapestry Trading Up 0.2%

NYSE TPR opened at $146.46 on Friday. Tapestry, Inc. has a 12 month low of $66.64 and a 12 month high of $161.97. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. The business has a fifty day simple moving average of $148.22 and a 200 day simple moving average of $130.45. The firm has a market capitalization of $29.65 billion, a P/E ratio of 60.52, a PEG ratio of 1.75 and a beta of 1.59.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, topping the consensus estimate of $2.20 by $0.49. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The firm’s revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, analysts predict that Tapestry, Inc. will post 6.45 EPS for the current fiscal year.

Tapestry Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 6th were given a dividend of $0.40 per share. The ex-dividend date was Friday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Tapestry’s payout ratio is currently 66.12%.

Insider Buying and Selling at Tapestry

In other Tapestry news, CEO Todd Kahn sold 39,815 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $151.34, for a total transaction of $6,025,602.10. Following the sale, the chief executive officer owned 120,578 shares of the company’s stock, valued at approximately $18,248,274.52. This trade represents a 24.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas Greco sold 14,245 shares of Tapestry stock in a transaction dated 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 completion of the transaction, the director owned 21,302 shares of the company’s stock, valued at approximately $3,289,880.88. This represents a 40.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 164,956 shares of company stock valued at $25,297,262 in the last ninety days. Corporate insiders own 1.32% of the company’s stock.

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.