Aberdeen Group plc Raises Holdings in Tapestry, Inc. $TPR

Key Points

• Aberdeen Group plc increased its stake in Tapestry by 34.7% to 47,573 shares, worth about $6.08 million at the end of the quarter.
• Tapestry beat Q4 expectations, reporting EPS of $2.69 vs. $2.20 expected and revenue of $2.50 billion (vs. $2.29B), and set FY2026 guidance of 6.400–6.450 EPS.
• Multiple large institutions also materially boosted positions (e.g., MFS +250.6% to 2.45M shares; State Street owns ~9.23M shares), leaving institutional investors with roughly 90.77% ownership.

Aberdeen Group plc grew its holdings in Tapestry, Inc. (NYSE:TPR - Free Report) by 34.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 47,573 shares of the luxury accessories retailer's stock after acquiring an additional 12,251 shares during the quarter. Aberdeen Group plc's holdings in Tapestry were worth $6,078,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TPR. Massachusetts Financial Services Co. MA boosted its position in shares of Tapestry by 250.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,449,170 shares of the luxury accessories retailer's stock valued at $277,295,000 after purchasing an additional 1,750,566 shares during the period. State Street Corp raised its stake in shares of Tapestry by 19.3% during the 3rd quarter. State Street Corp now owns 9,229,777 shares of the luxury accessories retailer's stock worth $1,044,995,000 after buying an additional 1,494,193 shares in the last quarter. Voloridge Investment Management LLC increased its stake in Tapestry by 160.5% in the 3rd quarter. Voloridge Investment Management LLC now owns 1,886,518 shares of the luxury accessories retailer's stock valued at $213,592,000 after purchasing an additional 1,162,442 shares in the last quarter. AQR Capital Management LLC increased its stake in Tapestry by 36.0% in the 2nd quarter. AQR Capital Management LLC now owns 3,546,969 shares of the luxury accessories retailer's stock valued at $311,388,000 after purchasing an additional 939,227 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in Tapestry by 426.8% during the third quarter. Two Sigma Investments LP now owns 1,122,520 shares of the luxury accessories retailer's stock worth $127,092,000 after buying an additional 909,433 shares in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Manesh Dadlani sold 2,147 shares of the company's stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $153.47, for a total value of $329,500.09. Following the transaction, the vice president directly owned 18,475 shares of the company's stock, valued at approximately $2,835,358.25. This represents a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Denise Kulikowsky sold 9,166 shares of the company's stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the completion of the transaction, the insider directly owned 26,942 shares in the company, valued at $4,192,714.04. This trade represents a 25.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 164,956 shares of company stock valued at $25,297,262. 1.32% of the stock is currently owned by company insiders.

Tapestry Price Performance

TPR opened at $150.61 on Thursday. The stock has a fifty day moving average of $146.06 and a 200-day moving average of $127.66. The firm has a market capitalization of $30.49 billion, a P/E ratio of 62.23, a PEG ratio of 1.69 and a beta of 1.59. Tapestry, Inc. has a 12-month low of $58.39 and a 12-month high of $161.97. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32.

Tapestry (NYSE:TPR - Get Free Report) last released its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $0.49. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The company's revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Equities analysts forecast 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 was paid on Monday, March 23rd. Stockholders of record on Friday, March 6th were issued a $0.40 dividend. The ex-dividend date was 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 is presently 66.12%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TPR shares. UBS Group restated a "neutral" rating and set a $141.00 price objective on shares of Tapestry in a report on Monday, February 9th. Citigroup lifted their target price on Tapestry from $152.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. BNP Paribas Exane assumed coverage on Tapestry in a report on Friday, February 13th. They set an "outperform" rating and a $176.00 target price for the company. Robert W. Baird set a $160.00 price objective on Tapestry in a report on Friday, February 6th. Finally, The Goldman Sachs Group set a $166.00 price objective on Tapestry in a report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Tapestry has a consensus rating of "Moderate Buy" and a consensus price target of $151.06.

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.

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