Generali Asset Management SPA SGR Lowers Stake in Tapestry, Inc. $TPR

Generali Asset Management SPA SGR reduced its position in shares of Tapestry, Inc. (NYSE:TPR) by 18.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,154 shares of the luxury accessories retailer’s stock after selling 3,844 shares during the period. Generali Asset Management SPA SGR’s holdings in Tapestry were worth $2,192,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cloud Capital Management LLC purchased a new position in shares of Tapestry during the third quarter worth $26,000. Triumph Capital Management purchased a new position in shares of Tapestry during 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 worth $30,000 after buying an additional 130 shares during the period. Flagship Harbor Advisors LLC purchased a new position in shares of Tapestry during the fourth quarter worth $31,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of Tapestry by 2,720.0% during the fourth 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 period. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TPR shares. Jefferies Financial Group lowered Tapestry from a “buy” rating to a “hold” rating and lowered their price target for the stock from $142.00 to $138.00 in a research report on Wednesday, January 14th. Weiss Ratings upgraded Tapestry from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. BNP Paribas Exane started coverage on Tapestry in a research report on Friday, February 13th. They set an “outperform” rating and a $176.00 price target for the company. JPMorgan Chase & Co. raised their price target on Tapestry from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, TD Cowen reiterated a “buy” rating on shares of Tapestry in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $160.67.

Key Stories Impacting Tapestry

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Tapestry beat fiscal third-quarter expectations, posting EPS of $1.66 on revenue of $1.92 billion, and also raised full-year guidance, which points to improving business momentum. Business Wire release
• Positive Sentiment: JPMorgan raised its price target on TPR to $200 from $190 and kept an overweight rating, signaling confidence in further upside from current levels. Benzinga report
• Positive Sentiment: BTIG reaffirmed a buy rating and set a $180 target, adding to the list of analysts turning more constructive after the earnings update. Benzinga report
• Neutral Sentiment: Tapestry announced a quarterly dividend of $0.40 per share, which supports shareholder returns but is not a major near-term catalyst. Earnings transcript
• Negative Sentiment: Despite the earnings beat, shares were pressured by concerns about tariffs and weaker performance at Kate Spade, suggesting investors are focusing on margin and brand-mix risks. Zacks article

Tapestry Stock Up 2.2%

Shares of NYSE TPR opened at $133.43 on Friday. The stock has a market cap of $27.01 billion, a P/E ratio of 42.77, a PEG ratio of 1.49 and a beta of 1.45. The company has a current ratio of 1.84, a quick ratio of 1.10 and a debt-to-equity ratio of 3.48. Tapestry, Inc. has a 12-month low of $76.29 and a 12-month high of $161.97. The business’s fifty day simple moving average is $146.44 and its 200-day simple moving average is $132.25.

Tapestry (NYSE:TPR) last announced its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) 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 analysts’ expectations of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the firm earned $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, equities analysts predict that Tapestry, Inc. will post 6.95 EPS for the current fiscal year.

Tapestry Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, June 5th. Tapestry’s dividend payout ratio (DPR) is presently 66.12%.

Insiders Place Their Bets

In other news, Director Thomas Greco sold 14,245 shares of the stock in a transaction 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 trade represents a 40.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $154.87, for a total value of $7,556,881.65. Following the completion of the transaction, the chief executive officer directly owned 671,193 shares in the company, valued at $103,947,659.91. This trade represents a 6.78% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 164,956 shares of company stock valued at $25,297,262. 1.32% of the stock is owned by company insiders.

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.