TD Asset Management Inc Has $11.72 Million Stock Holdings in Tapestry, Inc. $TPR

TD Asset Management Inc grew its stake in shares of Tapestry, Inc. (NYSE:TPR) by 14.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,480 shares of the luxury accessories retailer’s stock after purchasing an additional 12,825 shares during the period. TD Asset Management Inc’s holdings in Tapestry were worth $11,716,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TPR. Great Diamond Partners LLC acquired a new position in Tapestry in the 3rd quarter worth approximately $2,395,000. Stevens Capital Partners purchased a new stake in shares of Tapestry in the third quarter valued at $8,880,000. Three Seasons Wealth LLC purchased a new stake in shares of Tapestry in the third quarter valued at $1,882,000. Fisher Asset Management LLC boosted its position in shares of Tapestry by 5,027.6% in the second quarter. Fisher Asset Management LLC now owns 499,988 shares of the luxury accessories retailer’s stock worth $43,904,000 after buying an additional 490,237 shares during the period. Finally, Abacus FCF Advisors LLC purchased a new position in shares of Tapestry during the third quarter valued at $17,332,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TPR. Guggenheim began coverage on Tapestry in a research report on Tuesday, December 9th. They set a “neutral” rating on the stock. Telsey Advisory Group increased their price target on shares of Tapestry to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Sanford C. Bernstein restated an “outperform” rating and set a $170.00 price target on shares of Tapestry in a report on Friday, February 6th. Jefferies Financial Group lowered shares of Tapestry from a “buy” rating to a “hold” rating and dropped their price objective for the company from $142.00 to $138.00 in a research note on Wednesday, January 14th. Finally, BNP Paribas Exane began coverage on shares of Tapestry in a research note on Friday, February 13th. They set an “outperform” rating and a $176.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.00.

Insider Activity

In other news, CFO Scott A. Roe sold 44,290 shares of Tapestry stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $152.62, for a total value of $6,759,539.80. Following the transaction, the chief financial officer directly owned 139,128 shares in the company, valued at approximately $21,233,715.36. The trade was a 24.15% 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, insider Denise Kulikowsky sold 9,166 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $155.62, for a total value of $1,426,412.92. Following the transaction, the insider directly owned 26,942 shares of the company’s stock, valued at $4,192,714.04. This represents a 25.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 165,539 shares of company stock worth $25,364,406. Insiders own 1.32% of the company’s stock.

Tapestry Stock Performance

TPR opened at $155.16 on Monday. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63. The company has a market cap of $31.41 billion, a PE ratio of 64.11, a price-to-earnings-growth ratio of 1.86 and a beta of 1.63. The stock has a 50-day moving average of $138.14 and a 200-day moving average of $119.78. Tapestry, Inc. has a 52-week low of $58.39 and a 52-week high of $161.97.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.49. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, equities research analysts forecast that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, March 6th. Tapestry’s dividend payout ratio (DPR) is 66.12%.

Tapestry declared that its board has approved a stock buyback plan on Thursday, November 6th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the luxury accessories retailer to purchase up to 4.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are 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.