Canada Post Corp Registered Pension Plan Raises Holdings in Tapestry, Inc. $TPR

Canada Post Corp Registered Pension Plan boosted its stake in shares of Tapestry, Inc. (NYSE:TPR) by 65.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,597 shares of the luxury accessories retailer’s stock after purchasing an additional 3,812 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Tapestry were worth $1,226,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Steph & Co. increased its holdings in Tapestry by 128.7% during the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock worth $30,000 after purchasing an additional 130 shares during the period. Cloud Capital Management LLC purchased a new stake in Tapestry during the 3rd quarter worth about $26,000. Flagship Harbor Advisors LLC purchased a new stake in Tapestry during the 4th quarter worth about $31,000. Triumph Capital Management purchased a new stake in Tapestry during the 3rd quarter worth about $29,000. Finally, Cornerstone Planning Group LLC increased its holdings 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 purchasing an additional 272 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Insider Activity

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,776 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 652,434 shares of the company’s stock, valued at approximately $86,701,954.26. This trade represents a 4.08% decrease in their position. The transaction was disclosed in a legal filing 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. 1.32% of the stock is currently owned by company insiders.

Tapestry Stock Up 1.5%

Shares of NYSE TPR opened at $131.28 on Tuesday. The stock has a market cap of $26.52 billion, a PE ratio of 42.08, a price-to-earnings-growth ratio of 1.31 and a beta of 1.45. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. Tapestry, Inc. has a 52-week low of $76.29 and a 52-week high of $161.97. The business has a 50-day moving average price of $143.08 and a 200 day moving average price of $133.06.

Tapestry (NYSE:TPR) last announced its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.36. The firm had revenue of $1.92 billion during 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 business’s revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Equities research analysts forecast that Tapestry, Inc. will post 6.95 earnings per share for the current year.

Tapestry Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. Tapestry’s dividend payout ratio is 51.28%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Telsey Advisory Group upped their price objective on Tapestry to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Evercore set a $175.00 price objective on Tapestry in a research report on Friday, May 8th. Wells Fargo & Company upped their price objective on Tapestry from $142.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Citigroup upped their price objective on Tapestry from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. upped their price objective on Tapestry from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Two 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $160.67.

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.