Healthcare of Ontario Pension Plan Trust Fund Acquires 64,631 Shares of Tapestry, Inc. $TPR

Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Tapestry, Inc. (NYSE:TPR) by 230.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 92,721 shares of the luxury accessories retailer’s stock after acquiring an additional 64,631 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Tapestry were worth $13,084,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TPR. Woodline Partners LP grew its stake in shares of Tapestry by 25.0% in the first quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock worth $1,231,000 after purchasing an additional 3,495 shares during the last quarter. Acadian Asset Management LLC bought a new position in Tapestry during the 1st quarter worth $493,000. Sivia Capital Partners LLC acquired a new position in Tapestry during the 2nd quarter worth about $602,000. Arrowstreet Capital Limited Partnership acquired a new position in Tapestry during the 2nd quarter worth about $6,307,000. Finally, Brown Advisory Inc. grew its position in shares of Tapestry by 13.8% in the 2nd quarter. Brown Advisory Inc. now owns 3,630 shares of the luxury accessories retailer’s stock valued at $319,000 after buying an additional 439 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Insider Buying and Selling at Tapestry

In other Tapestry news, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total value of $2,738,371.14. Following the completion of the sale, the chief executive officer directly owned 123,258 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were 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 $86,701,954.26. This represents a 4.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TPR. Evercore set a $175.00 price target on Tapestry in a research note on Friday, May 8th. Citigroup increased their target price on shares of Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Morgan Stanley restated an “overweight” rating and set a $164.00 price target on shares of Tapestry in a report on Monday, July 6th. Zacks Research downgraded shares of Tapestry from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Tapestry in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Tapestry currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.06.

Tapestry Stock Up 3.4%

Shares of Tapestry stock opened at $147.52 on Tuesday. The stock’s 50-day moving average is $142.78 and its 200 day moving average is $142.69. Tapestry, Inc. has a one year low of $92.62 and a one year high of $161.97. The firm has a market cap of $29.80 billion, a price-to-earnings ratio of 47.28, a PEG ratio of 1.30 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 for the quarter, topping analysts’ consensus estimates of $1.30 by $0.36. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Equities research analysts anticipate that Tapestry, Inc. will post 6.97 EPS for the current year.

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 1.1%. Tapestry’s dividend payout ratio is currently 51.28%.

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.