Barclays PLC Boosts Position in Tapestry, Inc. $TPR

Key Points

• Barclays PLC raised its stake in Tapestry by 191.9% in Q3 to 1,297,394 shares, representing about 0.63% of the company and worth roughly $146.9 million.
• Tapestry reported beats for the quarter—EPS $2.69 vs. $2.20 expected and revenue $2.50B vs. $2.29B (revenue +14% YoY)—and set FY2026 EPS guidance of 6.40–6.45.
• Insiders have been net sellers recently: CEO Joanne Crevoiserat sold 48,795 shares and insiders sold 164,956 shares (~$25.3M) over the last 90 days, leaving insiders with 1.32% ownership.

Barclays PLC raised its position in Tapestry, Inc. (NYSE:TPR - Free Report) by 191.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,297,394 shares of the luxury accessories retailer's stock after purchasing an additional 852,908 shares during the period. Barclays PLC owned about 0.63% of Tapestry worth $146,891,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Cloud Capital Management LLC purchased a new stake in shares of Tapestry in the 3rd quarter worth about $26,000. Vestor Capital LLC purchased a new position in Tapestry during the 2nd quarter valued at about $27,000. Johnson Financial Group Inc. acquired a new position in Tapestry during the second quarter worth about $39,000. Elevation Point Wealth Partners LLC acquired a new position in Tapestry during the second quarter worth about $45,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Tapestry in the second quarter valued at about $52,000. Hedge funds and other institutional investors own 90.77% of the company's stock.

Insider Buying and Selling at Tapestry

In related news, 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 value of $1,426,412.92. Following the completion of the transaction, the insider directly owned 26,942 shares in the company, valued at approximately $4,192,714.04. This represents a 25.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total value of $7,556,881.65. Following the transaction, the chief executive officer owned 671,193 shares in the company, valued at $103,947,659.91. This trade represents a 6.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 164,956 shares of company stock valued at $25,297,262. 1.32% of the stock is currently owned by insiders.

Tapestry Stock Performance

Shares of NYSE TPR opened at $144.10 on Friday. The company has a 50-day simple moving average of $140.38 and a 200-day simple moving average of $121.50. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10. The company has a market cap of $29.17 billion, a PE ratio of 59.55, a price-to-earnings-growth ratio of 1.73 and a beta of 1.55. Tapestry, Inc. has a 12 month low of $58.39 and a 12 month high of $161.97.

Tapestry (NYSE:TPR - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the firm posted $2.00 earnings per share. The company'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 anticipate that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Announces Dividend

The firm also recently declared 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry's dividend payout ratio is currently 66.12%.

Analyst Upgrades and Downgrades

TPR has been the topic of several research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Tapestry in a research report on Wednesday, January 21st. UBS Group restated a "neutral" rating and set a $141.00 price objective on shares of Tapestry in a research report on Monday, February 9th. Evercore upped their target price on Tapestry from $129.00 to $150.00 and gave the company an "outperform" rating in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. raised their price target on Tapestry from $147.00 to $148.00 and gave the stock an "overweight" rating in a research report on Monday, November 17th. Finally, Citigroup boosted their price target on Tapestry from $152.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $147.00.

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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