C Partners Holding GmbH Has $53.75 Million Holdings in Tapestry, Inc. $TPR

C Partners Holding GmbH raised its stake in Tapestry, Inc. (NYSE:TPR) by 12.7% in the 4th quarter, HoldingsChannel reports. The firm owned 420,653 shares of the luxury accessories retailer’s stock after acquiring an additional 47,242 shares during the quarter. Tapestry makes up 14.5% of C Partners Holding GmbH’s portfolio, making the stock its 5th biggest position. C Partners Holding GmbH’s holdings in Tapestry were worth $53,747,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its position in shares of Tapestry by 3.8% during the fourth quarter. State Street Corp now owns 9,578,111 shares of the luxury accessories retailer’s stock worth $1,223,795,000 after acquiring an additional 348,334 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Tapestry by 92.8% during the fourth quarter. Schroder Investment Management Group now owns 9,350,221 shares of the luxury accessories retailer’s stock worth $1,194,678,000 after acquiring an additional 4,500,850 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Tapestry by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 5,912,917 shares of the luxury accessories retailer’s stock worth $753,482,000 after acquiring an additional 203,764 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Tapestry by 21.4% during the third quarter. AQR Capital Management LLC now owns 4,307,615 shares of the luxury accessories retailer’s stock worth $487,708,000 after acquiring an additional 760,646 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Tapestry by 8.9% during the fourth quarter. Morgan Stanley now owns 3,327,212 shares of the luxury accessories retailer’s stock worth $425,118,000 after acquiring an additional 270,973 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

Tapestry Stock Down 1.1%

Tapestry stock opened at $149.39 on Wednesday. Tapestry, Inc. has a fifty-two week low of $82.53 and a fifty-two week high of $161.97. The stock has a market cap of $30.18 billion, a PE ratio of 47.88, a price-to-earnings-growth ratio of 1.53 and a beta of 1.42. The firm’s 50-day simple moving average is $142.60 and its 200 day simple moving average is $138.40. 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 (NYSE:TPR) last released its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.36. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the previous year, the company earned $1.03 earnings per share. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Research analysts predict that Tapestry, Inc. will post 6.95 EPS for the current fiscal year.

Tapestry Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 1.1%. Tapestry’s payout ratio is 51.28%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TPR shares. Argus set a $165.00 target price on shares of Tapestry in a research report on Thursday, March 12th. JPMorgan Chase & Co. boosted their target price on shares of Tapestry from $200.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. BTIG Research reissued a “buy” rating and set a $180.00 target price on shares of Tapestry in a research report on Wednesday, June 10th. Citigroup boosted their target price on shares of Tapestry from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, UBS Group raised shares of Tapestry from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $142.00 to $187.00 in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $165.12.

Insider Activity

In related news, CEO Todd Kahn sold 19,557 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the transaction, the chief executive officer directly owned 123,258 shares in the company, valued at approximately $17,258,585.16. The trade was a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the transaction, the chief executive officer owned 652,434 shares in the company, valued at approximately $86,701,954.26. This trade represents a 4.08% decrease in their ownership of the stock. 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 insiders.

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.