Sei Investments Co. increased its position in shares of Tapestry, Inc. (NYSE:TPR – Free Report) by 25.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 498,216 shares of the luxury accessories retailer’s stock after buying an additional 100,724 shares during the period. Sei Investments Co.’s holdings in Tapestry were worth $70,303,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TPR. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Tapestry during the 4th quarter worth approximately $8,109,000. Norges Bank purchased a new stake in Tapestry in the fourth quarter valued at $345,349,000. Keystone Investors PTE Ltd. boosted its stake in Tapestry by 17.4% in the fourth quarter. Keystone Investors PTE Ltd. now owns 62,622 shares of the luxury accessories retailer’s stock valued at $8,001,000 after acquiring an additional 9,303 shares in the last quarter. Aberdeen Group plc grew its holdings in shares of Tapestry by 34.7% during the fourth quarter. Aberdeen Group plc now owns 47,573 shares of the luxury accessories retailer’s stock worth $6,078,000 after purchasing an additional 12,251 shares during the last quarter. Finally, SEB Asset Management AB acquired a new stake in shares of Tapestry during the first quarter worth about $59,525,000. Institutional investors and hedge funds own 90.77% of the company’s stock.
Insider Activity at Tapestry
In other Tapestry news, CEO Todd Kahn sold 19,557 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the sale, the chief executive officer owned 123,258 shares in the company, valued at approximately $17,258,585.16. This represents a 13.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the completion of the transaction, the chief executive officer directly owned 652,434 shares of the company’s stock, valued at $86,701,954.26. The trade was 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. Company insiders own 1.32% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Analysis on Tapestry
Tapestry Trading Up 2.7%
NYSE:TPR opened at $142.82 on Friday. Tapestry, Inc. has a 1 year low of $92.62 and a 1 year high of $161.97. 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 stock has a fifty day moving average price of $142.46 and a two-hundred day moving average price of $142.49. The stock has a market capitalization of $28.86 billion, a price-to-earnings ratio of 45.78, a PEG ratio of 1.27 and a beta of 1.43.
Tapestry (NYSE:TPR – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.36. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the prior year, the company posted $1.03 EPS. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, sell-side analysts anticipate that Tapestry, Inc. will post 6.97 earnings per share for the current fiscal year.
Tapestry Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Tapestry’s payout ratio is 51.28%.
Tapestry Company 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.
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