Tapestry, Inc. $TPR Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its holdings in Tapestry, Inc. (NYSE:TPR) by 39.1% during the 4th quarter, HoldingsChannel reports. The fund owned 493,524 shares of the luxury accessories retailer’s stock after selling 317,176 shares during the quarter. BNP Paribas Financial Markets’ holdings in Tapestry were worth $63,058,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. AdvisorShares Investments LLC acquired a new position in shares of Tapestry in the fourth quarter worth about $479,000. Norges Bank bought a new stake in Tapestry in the fourth quarter valued at about $345,349,000. Eurizon Capital SGR S.p.A. bought a new stake in Tapestry in the fourth quarter valued at about $8,109,000. Fideuram Asset Management Ireland dac bought a new stake in Tapestry in the fourth quarter valued at about $877,000. Finally, Fiducient Advisors LLC bought a new stake in Tapestry in the fourth quarter valued at about $635,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Buying and Selling

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,776 shares of the company’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 completion of the sale, the chief executive officer directly owned 652,434 shares in the company, valued at $86,701,954.26. This represents a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of the company’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 value of $2,738,371.14. Following the completion of the sale, the chief executive officer owned 123,258 shares of the company’s stock, valued at $17,258,585.16. This trade represents a 13.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TPR shares. Citigroup boosted their price objective on Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. TD Cowen reaffirmed a “buy” rating on shares of Tapestry in a report on Tuesday, February 10th. 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. Argus set a $165.00 target price on Tapestry in a report on Thursday, March 12th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $160.67.

Tapestry Stock Performance

TPR opened at $138.76 on Tuesday. The company has a market capitalization of $28.04 billion, a price-to-earnings ratio of 44.48, a price-to-earnings-growth ratio of 1.48 and a beta of 1.45. 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, Inc. has a 1-year low of $76.92 and a 1-year high of $161.97. The business has a 50 day moving average price of $142.23 and a two-hundred day moving average price of $135.36.

Tapestry (NYSE:TPR) last released 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. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 earnings per share. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, June 5th. Tapestry’s dividend payout ratio is 51.28%.

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.