Swiss Life Asset Management Ltd Grows Stake in Tapestry, Inc. $TPR

Swiss Life Asset Management Ltd raised its holdings in Tapestry, Inc. (NYSE:TPR) by 881.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 52,734 shares of the luxury accessories retailer’s stock after buying an additional 47,361 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Tapestry were worth $5,971,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Essex Financial Services Inc. raised its holdings in shares of Tapestry by 3.5% during the third quarter. Essex Financial Services Inc. now owns 3,324 shares of the luxury accessories retailer’s stock valued at $376,000 after acquiring an additional 113 shares in the last quarter. Blue Trust Inc. boosted its holdings in Tapestry by 19.7% in the third quarter. Blue Trust Inc. now owns 741 shares of the luxury accessories retailer’s stock valued at $84,000 after acquiring an additional 122 shares in the last quarter. Wedmont Private Capital boosted its holdings in Tapestry by 3.3% in the third quarter. Wedmont Private Capital now owns 4,352 shares of the luxury accessories retailer’s stock valued at $502,000 after acquiring an additional 139 shares in the last quarter. 44 Wealth Management LLC increased its position in Tapestry by 0.8% during the 2nd quarter. 44 Wealth Management LLC now owns 19,018 shares of the luxury accessories retailer’s stock valued at $1,670,000 after purchasing an additional 142 shares during the period. Finally, Coldstream Capital Management Inc. increased its position in Tapestry by 1.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,652 shares of the luxury accessories retailer’s stock valued at $866,000 after purchasing an additional 146 shares during the period. 90.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Denise Kulikowsky sold 9,166 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $155.62, for a total value of $1,426,412.92. Following the sale, the insider directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Todd Kahn sold 39,815 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $151.34, for a total value of $6,025,602.10. Following the completion of the sale, the chief executive officer owned 120,578 shares in the company, valued at $18,248,274.52. The trade was a 24.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 164,956 shares of company stock valued at $25,297,262. 1.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TPR shares. Evercore raised their target price on shares of Tapestry from $129.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Zacks Research upgraded shares of Tapestry from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. BNP Paribas Exane began coverage on shares of Tapestry in a research note on Friday, February 13th. They issued an “outperform” rating and a $176.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Tapestry in a report on Wednesday, January 21st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Tapestry in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Tapestry currently has an average rating of “Moderate Buy” and an average target price of $151.06.

Tapestry Stock Performance

Shares of TPR stock opened at $140.55 on Friday. The company’s fifty day moving average price is $142.92 and its 200-day moving average price is $124.48. The stock has a market cap of $28.46 billion, a PE ratio of 58.08, a price-to-earnings-growth ratio of 1.69 and a beta of 1.55. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. Tapestry, Inc. has a 12 month low of $58.39 and a 12 month high of $161.97.

Tapestry (NYSE:TPR) last issued its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the business earned $2.00 EPS. Tapestry’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. On average, equities analysts expect that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is currently 66.12%.

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.