Lombard Odier Asset Management Europe Ltd Sells 5,405,000 Shares of Tapestry, Inc. $TPR

Lombard Odier Asset Management Europe Ltd reduced its stake in Tapestry, Inc. (NYSE:TPR) by 99.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,000 shares of the luxury accessories retailer’s stock after selling 5,405,000 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Tapestry were worth $2,811,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Acumen Wealth Advisors LLC purchased a new stake in shares of Tapestry in the fourth quarter worth $28,000. Triumph Capital Management purchased a new stake in shares of Tapestry in the third quarter worth $29,000. Steph & Co. boosted its position in shares of Tapestry by 128.7% during the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after buying an additional 130 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Tapestry during the fourth quarter valued at $31,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in shares of Tapestry during the fourth quarter valued at $32,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TPR shares. Evercore set a $175.00 price target on Tapestry in a report on Friday, May 8th. Raymond James Financial reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Tapestry in a research note on Thursday, April 23rd. Weiss Ratings downgraded Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. UBS Group raised Tapestry from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $142.00 to $187.00 in a research note on Friday, May 8th. Finally, Robert W. Baird boosted their target price on Tapestry from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.12.

Tapestry Stock Performance

NYSE TPR opened at $149.39 on Wednesday. The company has a market cap of $30.18 billion, a P/E ratio of 47.88, a P/E/G ratio of 1.53 and a beta of 1.42. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.27 and a current ratio of 1.84. The business’s 50 day moving average price is $142.60 and its 200-day moving average price is $138.40. Tapestry, Inc. has a fifty-two week low of $82.53 and a fifty-two week high of $161.97.

Tapestry (NYSE:TPR) last announced its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.30 by $0.36. The company 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%.Tapestry’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Sell-side analysts predict that Tapestry, Inc. will post 6.95 earnings per share for the current year.

Tapestry Dividend Announcement

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

Insider Buying and Selling at Tapestry

In other Tapestry news, CEO Todd Kahn sold 19,557 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total value of $2,738,371.14. Following the transaction, the chief executive officer owned 123,258 shares of the company’s stock, valued at $17,258,585.16. This represents a 13.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total value of $3,691,152.64. Following the completion of the transaction, the chief executive officer directly owned 652,434 shares in the company, valued at $86,701,954.26. This trade represents a 4.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.32% of the company’s stock.

About Tapestry

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.