13,500 Shares in Tapestry, Inc. $TPR Bought by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of Tapestry, Inc. (NYSE:TPR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,500 shares of the luxury accessories retailer’s stock, valued at approximately $1,528,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cloud Capital Management LLC acquired a new stake in Tapestry during the 3rd quarter worth about $26,000. Vestor Capital LLC acquired a new position in shares of Tapestry in the second quarter worth about $27,000. Johnson Financial Group Inc. acquired a new position in shares of Tapestry in the second quarter worth about $39,000. SJS Investment Consulting Inc. increased its position in shares of Tapestry by 2,171.4% in the third quarter. SJS Investment Consulting Inc. now owns 477 shares of the luxury accessories retailer’s stock worth $54,000 after acquiring an additional 456 shares in the last quarter. Finally, Whittier Trust Co. increased its position in shares of Tapestry by 53.2% in the third quarter. Whittier Trust Co. now owns 478 shares of the luxury accessories retailer’s stock worth $55,000 after acquiring an additional 166 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analyst Ratings Changes

TPR has been the subject of several research analyst reports. Jefferies Financial Group downgraded shares of Tapestry from a “buy” rating to a “hold” rating and reduced their price target for the company from $142.00 to $138.00 in a research report on Wednesday, January 14th. The Goldman Sachs Group set a $166.00 price objective on shares of Tapestry in a research report on Friday, February 6th. JPMorgan Chase & Co. boosted their target price on shares of Tapestry from $147.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Robert W. Baird set a $160.00 target price on Tapestry in a report on Friday, February 6th. Finally, Argus raised Tapestry to a “strong-buy” rating in a research report on Friday, January 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

Tapestry Stock Down 3.7%

TPR opened at $144.10 on Friday. The firm has a market cap of $29.17 billion, a P/E ratio of 59.55, a price-to-earnings-growth ratio of 1.73 and a beta of 1.55. 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 business has a 50 day moving average price of $140.38 and a 200 day moving average price of $121.50. Tapestry, Inc. has a twelve month low of $58.39 and a twelve month high of $161.97.

Tapestry (NYSE:TPR) last announced its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, beating the consensus estimate of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the company posted $2.00 earnings per share. The company’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. Research analysts forecast that Tapestry, Inc. will post 4.91 EPS for the current 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 paid a $0.40 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is presently 66.12%.

Insider Transactions at Tapestry

In other Tapestry news, insider Denise Kulikowsky sold 9,166 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the completion of the transaction, the insider owned 26,942 shares of the company’s stock, valued at $4,192,714.04. The trade was a 25.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $154.87, for a total transaction of $7,556,881.65. Following the sale, the chief executive officer 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 disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 164,956 shares of company stock worth $25,297,262. Corporate insiders own 1.32% of the company’s stock.

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.