Tapestry, Inc. $TPR Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its position in shares of Tapestry, Inc. (NYSE:TPR) by 19.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 34,967 shares of the luxury accessories retailer’s stock after purchasing an additional 5,743 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Tapestry were worth $4,468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TPR. Cloud Capital Management LLC acquired a new stake in Tapestry during the third quarter valued at approximately $26,000. Triumph Capital Management bought a new position in shares of Tapestry during the third quarter valued at approximately $29,000. Steph & Co. grew its holdings in shares of Tapestry by 128.7% during the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after purchasing an additional 130 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Tapestry during the fourth quarter valued at approximately $31,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Tapestry by 157.4% during the fourth quarter. Sound Income Strategies LLC now owns 314 shares of the luxury accessories retailer’s stock valued at $41,000 after purchasing an additional 192 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on TPR shares. Argus set a $165.00 target price on Tapestry in a report on Thursday, March 12th. Wall Street Zen lowered Tapestry from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. BNP Paribas Exane started coverage on Tapestry in a report on Friday, February 13th. They set an “outperform” rating and a $176.00 target price for the company. Telsey Advisory Group upped their target price on Tapestry to $150.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Finally, Wells Fargo & Company upped their target price on Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Two equities research 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 company’s stock. According to data from MarketBeat, Tapestry currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.06.

Tapestry Stock Performance

Shares of TPR stock opened at $150.55 on Wednesday. Tapestry, Inc. has a 12-month low of $63.35 and a 12-month high of $161.97. The firm has a market capitalization of $30.48 billion, a price-to-earnings ratio of 62.21, a price-to-earnings-growth ratio of 1.84 and a beta of 1.59. The business has a 50 day simple moving average of $148.51 and a 200 day simple moving average of $130.23. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10.

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

Tapestry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 6th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, March 6th. Tapestry’s dividend payout ratio is 66.12%.

Insiders Place Their Bets

In related news, Director Thomas Greco sold 14,245 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was 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 directly owned 21,302 shares of the company’s stock, valued at $3,289,880.88. This represents a 40.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total value of $7,556,881.65. Following the completion of the transaction, the chief executive officer directly owned 671,193 shares of the company’s stock, valued at $103,947,659.91. This trade represents a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 164,956 shares of company stock worth $25,297,262. 1.32% of the stock is 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.