Banque Cantonale Vaudoise Purchases 13,667 Shares of Tapestry, Inc. $TPR

Banque Cantonale Vaudoise raised its position in shares of Tapestry, Inc. (NYSE:TPR) by 2,564.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,200 shares of the luxury accessories retailer’s stock after purchasing an additional 13,667 shares during the period. Banque Cantonale Vaudoise’s holdings in Tapestry were worth $1,814,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TPR. Cloud Capital Management LLC bought a new position in shares of Tapestry in the 3rd quarter worth $26,000. Triumph Capital Management bought a new position in shares of Tapestry in the 3rd quarter worth $29,000. Steph & Co. raised its position in shares of Tapestry by 128.7% in the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock worth $30,000 after acquiring an additional 130 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Tapestry during the 4th quarter worth $31,000. Finally, Cornerstone Planning Group LLC grew its stake in Tapestry by 2,720.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 282 shares of the luxury accessories retailer’s stock worth $36,000 after buying an additional 272 shares during the last quarter. 90.77% of the stock is owned by institutional investors.

Tapestry Stock Up 2.7%

Shares of TPR stock opened at $139.45 on Friday. Tapestry, Inc. has a 1-year low of $76.29 and a 1-year high of $161.97. The stock’s fifty day moving average price is $142.47 and its 200 day moving average price is $133.57. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27. The company has a market cap of $28.17 billion, a price-to-earnings ratio of 44.69, a price-to-earnings-growth ratio of 1.38 and a beta of 1.45.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.36. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, research analysts expect that Tapestry, Inc. will post 6.95 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, June 5th. Tapestry’s payout ratio is presently 51.28%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TPR. JPMorgan Chase & Co. boosted their target price on Tapestry from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. TD Cowen restated a “buy” rating on shares of Tapestry in a research note on Tuesday, February 10th. BTIG Research restated a “buy” rating and set a $180.00 target price on shares of Tapestry in a research note on Friday, May 8th. Wall Street Zen upgraded Tapestry from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Robert W. Baird boosted their target price on Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $160.67.

Insiders Place Their Bets

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the sale, the chief executive officer owned 652,434 shares in the company, valued at approximately $86,701,954.26. The trade was a 4.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.