74,147 Shares in Tapestry, Inc. $TPR Purchased by Groupe la Francaise

Groupe la Francaise purchased a new stake in Tapestry, Inc. (NYSE:TPR) during the 1st quarter, Holdings Channel.com reports. The fund purchased 74,147 shares of the luxury accessories retailer’s stock, valued at approximately $10,430,000.

A number of other hedge funds also recently added to or reduced their stakes in TPR. Western Wealth Management LLC purchased a new stake in shares of Tapestry during the first quarter worth approximately $128,000. Bank of America Corp DE grew its position in Tapestry by 9.3% in the 1st quarter. Bank of America Corp DE now owns 5,041,935 shares of the luxury accessories retailer’s stock valued at $711,467,000 after buying an additional 429,338 shares during the last quarter. Edgestream Partners L.P. grew its position in Tapestry by 84.0% in the 1st quarter. Edgestream Partners L.P. now owns 52,528 shares of the luxury accessories retailer’s stock valued at $7,412,000 after buying an additional 23,975 shares during the last quarter. Janus Henderson Group PLC increased its stake in Tapestry by 28.8% in the 1st quarter. Janus Henderson Group PLC now owns 123,038 shares of the luxury accessories retailer’s stock valued at $17,362,000 after buying an additional 27,540 shares during the period. Finally, Oddo BHF Asset Management Sas increased its stake in Tapestry by 3.3% in the 1st quarter. Oddo BHF Asset Management Sas now owns 49,861 shares of the luxury accessories retailer’s stock valued at $7,036,000 after buying an additional 1,575 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Tapestry Price Performance

Shares of NYSE TPR opened at $152.34 on Friday. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.27 and a current ratio of 1.84. Tapestry, Inc. has a one year low of $92.62 and a one year high of $161.97. The firm has a market capitalization of $30.78 billion, a P/E ratio of 48.83, a PEG ratio of 1.37 and a beta of 1.43. The company’s fifty day moving average is $143.71 and its two-hundred day moving average is $143.07.

Tapestry (NYSE:TPR) last announced its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.30 by $0.36. The firm had revenue of $1.92 billion during 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 business’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Analysts forecast that Tapestry, Inc. will post 6.97 EPS for the current fiscal year.

Tapestry Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently commented on TPR shares. Sanford C. Bernstein restated an “outperform” rating and issued a $180.00 target price on shares of Tapestry in a research note on Tuesday, June 2nd. UBS Group boosted their price target on shares of Tapestry from $187.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Weiss Ratings cut shares of Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Barclays raised their price objective on shares of Tapestry from $179.00 to $182.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Zacks Research lowered Tapestry from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Tapestry has an average rating of “Moderate Buy” and a consensus target price of $173.50.

Insider Buying and Selling

In other news, CEO Todd Kahn sold 19,557 shares of the business’s 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 sale, the chief executive officer owned 123,258 shares of the company’s stock, valued at $17,258,585.16. The trade was a 13.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total value of $3,691,152.64. Following the sale, the chief executive officer directly owned 652,434 shares in the company, valued at $86,701,954.26. This trade represents a 4.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is currently owned by company insiders.

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.