5,420 Shares in Tapestry, Inc. $TPR Purchased by Matauro LLC

Matauro LLC acquired a new stake in shares of Tapestry, Inc. (NYSE:TPR) in the fourth quarter, Holdings Channel reports. The firm acquired 5,420 shares of the luxury accessories retailer’s stock, valued at approximately $693,000.

Other large investors also recently added to or reduced their stakes in the company. Victory Financial Group LLC increased its position in shares of Tapestry by 41.8% during the fourth quarter. Victory Financial Group LLC now owns 11,572 shares of the luxury accessories retailer’s stock worth $1,479,000 after acquiring an additional 3,414 shares during the period. Nilsine Partners LLC boosted its holdings in shares of Tapestry by 23.2% in the fourth quarter. Nilsine Partners LLC now owns 3,051 shares of the luxury accessories retailer’s stock valued at $390,000 after purchasing an additional 574 shares during the period. Range Financial Group LLC boosted its holdings in shares of Tapestry by 3.0% in the fourth quarter. Range Financial Group LLC now owns 40,293 shares of the luxury accessories retailer’s stock valued at $5,148,000 after purchasing an additional 1,157 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Tapestry by 7.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 14,438 shares of the luxury accessories retailer’s stock worth $1,864,000 after purchasing an additional 963 shares in the last quarter. Finally, Northwest Wealth Management LLC grew its stake in Tapestry by 3.4% in the fourth quarter. Northwest Wealth Management LLC now owns 2,462 shares of the luxury accessories retailer’s stock worth $315,000 after purchasing an additional 82 shares in the last quarter. 90.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Anne Gates sold 6,498 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $153.79, for a total transaction of $999,327.42. Following the transaction, the director directly owned 22,698 shares of the company’s stock, valued at approximately $3,490,725.42. This represents a 22.26% decrease in their ownership of the stock. The sale 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 stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total value of $1,426,412.92. Following the sale, the insider owned 26,942 shares of the company’s stock, valued at approximately $4,192,714.04. This represents a 25.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 164,956 shares of company stock valued at $25,297,262 over the last quarter. Insiders own 1.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. BTIG Research lifted their target price on Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 6th. The Goldman Sachs Group set a $166.00 price target on Tapestry in a research report on Friday, February 6th. TD Cowen restated a “buy” rating on shares of Tapestry in a report on Tuesday, February 10th. Telsey Advisory Group upped their price objective on shares of Tapestry to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Finally, Argus set a $165.00 target price on shares of Tapestry in a report on Thursday, March 12th. 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $151.06.

Tapestry Price Performance

Shares of TPR stock opened at $144.42 on Thursday. The stock’s 50-day moving average is $144.51 and its 200 day moving average is $126.54. Tapestry, Inc. has a 1-year low of $58.39 and a 1-year high of $161.97. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. The company has a market cap of $29.24 billion, a P/E ratio of 59.68, a PEG ratio of 1.69 and a beta of 1.59.

Tapestry (NYSE:TPR) last released 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 net margin of 6.95% and a return on equity of 157.98%. 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 firm posted $2.00 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Research analysts predict 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 was paid on Monday, March 23rd. Investors of record on Friday, March 6th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Tapestry’s dividend payout ratio is presently 66.12%.

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.