Nippon Life Global Investors Americas Inc. Has $6 Million Stock Holdings in Tapestry, Inc. $TPR

Nippon Life Global Investors Americas Inc. lifted its position in shares of Tapestry, Inc. (NYSE:TPR) by 822.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 52,960 shares of the luxury accessories retailer’s stock after buying an additional 47,220 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Tapestry were worth $5,996,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. First PREMIER Bank bought a new stake in Tapestry during the 2nd quarter worth approximately $25,000. Vestor Capital LLC acquired a new position in shares of Tapestry during the second quarter worth $27,000. CVA Family Office LLC grew its stake in shares of Tapestry by 224.8% in the second quarter. CVA Family Office LLC now owns 380 shares of the luxury accessories retailer’s stock worth $33,000 after purchasing an additional 263 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Tapestry in the second quarter valued at approximately $37,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Tapestry in the 2nd quarter worth approximately $39,000. Institutional investors own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TPR. Wells Fargo & Company boosted their price objective on Tapestry from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Evercore ISI raised their price objective on Tapestry from $125.00 to $129.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Wall Street Zen cut shares of Tapestry from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. BTIG Research assumed coverage on Tapestry in a report on Tuesday, October 14th. They set a “buy” rating and a $140.00 price objective for the company. Finally, UBS Group upped their price target on Tapestry from $105.00 to $123.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $126.05.

Insider Activity at Tapestry

In other news, insider Denise Kulikowsky sold 583 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $115.17, for a total value of $67,144.11. Following the transaction, the insider owned 19,285 shares in the company, valued at $2,221,053.45. This represents a 2.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Joanne C. Crevoiserat sold 31,735 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $105.31, for a total value of $3,342,012.85. Following the sale, the chief executive officer directly owned 667,233 shares of the company’s stock, valued at $70,266,307.23. This represents a 4.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 115,485 shares of company stock worth $12,034,058 over the last quarter. 1.32% of the stock is currently owned by company insiders.

Tapestry Stock Performance

Tapestry stock opened at $130.89 on Friday. Tapestry, Inc. has a 1-year low of $58.39 and a 1-year high of $136.04. The firm’s 50 day simple moving average is $119.56 and its 200 day simple moving average is $111.46. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 5.95. The firm has a market capitalization of $26.79 billion, a PE ratio of 116.86, a price-to-earnings-growth ratio of 2.69 and a beta of 1.63.

Tapestry (NYSE:TPR) last posted its quarterly earnings data on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.13. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the company posted $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. As a group, analysts expect that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.60 annualized dividend and a yield of 1.2%. Tapestry’s dividend payout ratio (DPR) is currently 142.86%.

Tapestry announced that its board has authorized a stock buyback plan on Thursday, November 6th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the luxury accessories retailer to reacquire up to 4.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Tapestry Company 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.