BNP Paribas Financial Markets Raises Position in Tapestry, Inc. $TPR

Key Points

• BNP Paribas Financial Markets raised its stake in Tapestry by 363.4% in Q3, buying an additional 635,772 shares to hold 810,700 shares (about 0.40% of the company, roughly $91.8M).
• Other large institutions — including Schroder, Massachusetts Financial Services, AQR, Marshall Wace and new capital from Norges Bank — markedly increased positions, leaving 90.77% of Tapestry owned by institutional investors.
• Tapestry beat quarterly expectations with $2.69 EPS and 14% revenue growth, issued FY2026 guidance of 6.400–6.450 EPS, and announced a quarterly dividend of $0.40 (annualized yield ~1.1%).

BNP Paribas Financial Markets lifted its stake in Tapestry, Inc. (NYSE:TPR - Free Report) by 363.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 810,700 shares of the luxury accessories retailer's stock after purchasing an additional 635,772 shares during the period. BNP Paribas Financial Markets owned 0.40% of Tapestry worth $91,787,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TPR. Schroder Investment Management Group grew its holdings in Tapestry by 1,661.6% during the second quarter. Schroder Investment Management Group now owns 4,002,818 shares of the luxury accessories retailer's stock valued at $351,487,000 after purchasing an additional 3,775,593 shares during the period. Norges Bank bought a new position in shares of Tapestry in the second quarter worth about $227,248,000. Massachusetts Financial Services Co. MA lifted its position in shares of Tapestry by 250.6% during 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 buying an additional 1,750,566 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Tapestry by 36.0% during 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 buying an additional 939,227 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Tapestry by 2,547.4% during the 2nd quarter. Marshall Wace LLP now owns 955,667 shares of the luxury accessories retailer's stock valued at $83,917,000 after acquiring an additional 919,569 shares during the period. 90.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Tapestry news, insider Denise Kulikowsky sold 9,166 shares of Tapestry stock in a transaction that occurred 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 sale, the insider owned 26,942 shares of the company's stock, valued at $4,192,714.04. The trade was a 25.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas Greco sold 14,245 shares of the company's stock in a transaction that occurred 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 $3,289,880.88. This trade represents a 40.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 164,956 shares of company stock valued at $25,297,262 in the last ninety days. Company insiders own 1.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Guggenheim initiated coverage on shares of Tapestry in a report on Tuesday, December 9th. They issued a "neutral" rating for the company. Wall Street Zen lowered shares of Tapestry from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 8th. UBS Group reissued a "neutral" rating and issued a $141.00 price objective on shares of Tapestry in a research note on Monday, February 9th. Barclays set a $179.00 price objective on shares of Tapestry and gave the company an "overweight" rating in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Tapestry from $147.00 to $148.00 and gave the stock an "overweight" rating in a report on Monday, November 17th. Two 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $151.06.

Tapestry Price Performance

Shares of NYSE:TPR opened at $142.70 on Friday. The firm has a market cap of $28.89 billion, a price-to-earnings ratio of 58.97, a P/E/G ratio of 1.74 and a beta of 1.55. The firm has a fifty day moving average price of $141.70 and a 200 day moving average price of $122.64. Tapestry, Inc. has a fifty-two week low of $58.39 and a fifty-two week high of $161.97. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63.

Tapestry (NYSE:TPR - Get Free Report) last announced its quarterly 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. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the firm posted $2.00 EPS. Tapestry's revenue for the quarter was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, sell-side analysts expect that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, March 6th. Tapestry's payout ratio is currently 66.12%.

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.

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