Mitsubishi UFJ Trust & Banking Corp Acquires 125,403 Shares of Tapestry, Inc. $TPR

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Tapestry, Inc. (NYSE:TPR) by 58.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 341,486 shares of the luxury accessories retailer’s stock after purchasing an additional 125,403 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Tapestry were worth $43,632,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new stake in Tapestry during the 3rd quarter valued at approximately $26,000. Triumph Capital Management bought a new stake in Tapestry during the 3rd quarter valued at approximately $29,000. Steph & Co. raised its stake in Tapestry by 128.7% during the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after purchasing an additional 130 shares during the period. Flagship Harbor Advisors LLC bought a new stake in Tapestry during the 4th quarter valued at approximately $31,000. Finally, Sound Income Strategies LLC raised its stake in Tapestry by 157.4% during the 4th quarter. Sound Income Strategies LLC now owns 314 shares of the luxury accessories retailer’s stock valued at $41,000 after purchasing an additional 192 shares during the period. Institutional investors own 90.77% of the company’s stock.

Tapestry Trading Down 1.8%

Shares of TPR stock opened at $143.82 on Wednesday. Tapestry, Inc. has a 1 year low of $67.22 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 stock’s 50 day simple moving average is $147.73 and its two-hundred day simple moving average is $131.35. The company has a market cap of $29.12 billion, a PE ratio of 59.43, a price-to-earnings-growth ratio of 1.76 and a beta of 1.59.

Tapestry (NYSE:TPR) last issued its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the business posted $2.00 earnings per share. The company’s quarterly revenue 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 predict that Tapestry, Inc. will post 6.45 earnings per share for the current year.

Tapestry Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 6th were given a dividend of $0.40 per share. The ex-dividend date 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 66.12%.

Insider Transactions at Tapestry

In other news, Director Thomas Greco sold 14,245 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total value of $2,199,997.80. Following the sale, the director directly owned 21,302 shares in the company, valued at approximately $3,289,880.88. This represents a 40.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Manesh Dadlani sold 2,147 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $153.47, for a total value of $329,500.09. Following the completion of the sale, the vice president owned 18,475 shares in the company, valued at approximately $2,835,358.25. The trade was a 10.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 164,956 shares of company stock valued at $25,297,262. Company insiders own 1.32% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on TPR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Tapestry in a research note on Wednesday, January 21st. Wells Fargo & Company increased their price target on Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $170.00 price target on shares of Tapestry in a research note on Friday, February 6th. Argus set a $165.00 price target on Tapestry in a research note on Thursday, March 12th. Finally, Citigroup increased their price target on Tapestry from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tapestry has an average rating of “Moderate Buy” and a consensus price target of $153.33.

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.