Danske Bank A S Has $17.19 Million Stock Position in Tapestry, Inc. $TPR

Key Points

• Danske Bank A/S trimmed its stake in Tapestry by 21.4% in Q4, selling 36,691 shares and now owning 134,500 shares valued at about $17.19 million.
• Tapestry beat Q results (EPS $2.69 vs $2.20; revenue $2.50B vs $2.29B) and set FY2026 guidance of EPS 6.40–6.45, while analysts hold a "Moderate Buy" consensus with an average target near $153.89.
• About 90.77% of Tapestry is owned by institutional investors, but insiders have sold 164,956 shares (roughly $25.3M) in the past 90 days, with insiders retaining about 1.32% ownership.

Danske Bank A S trimmed its stake in shares of Tapestry, Inc. (NYSE:TPR - Free Report) by 21.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 134,500 shares of the luxury accessories retailer's stock after selling 36,691 shares during the quarter. Danske Bank A S owned 0.07% of Tapestry worth $17,185,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Woodline Partners LP boosted its holdings in shares of Tapestry by 25.0% in the 1st quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer's stock worth $1,231,000 after acquiring an additional 3,495 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Tapestry in the 1st quarter worth approximately $493,000. Sivia Capital Partners LLC acquired a new position in shares of Tapestry in the 2nd quarter worth approximately $602,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Tapestry in the 2nd quarter worth approximately $6,307,000. Finally, Brown Advisory Inc. boosted its holdings in shares of Tapestry by 13.8% in the 2nd quarter. Brown Advisory Inc. now owns 3,630 shares of the luxury accessories retailer's stock worth $319,000 after acquiring an additional 439 shares in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TPR shares. BTIG Research boosted their target price on Tapestry from $175.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, April 24th. BNP Paribas Exane assumed coverage on Tapestry in a report on Friday, February 13th. They set an "outperform" rating and a $176.00 price objective on the stock. Telsey Advisory Group upped their price objective on Tapestry to $150.00 and gave the stock an "outperform" rating in a report on Thursday, February 5th. Wall Street Zen downgraded Tapestry from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 11th. Finally, Citigroup upped their price objective on Tapestry from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $153.89.

Insider Activity at Tapestry

In other Tapestry news, Director Anne Gates sold 6,498 shares of the company's stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $153.79, for a total transaction of $999,327.42. Following the completion of the sale, the director owned 22,698 shares in the company, valued at approximately $3,490,725.42. The trade was a 22.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $329,500.09. Following the sale, the vice president owned 18,475 shares of the company's stock, valued at $2,835,358.25. The trade was a 10.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 164,956 shares of company stock worth $25,297,262. 1.32% of the stock is owned by company insiders.

Tapestry Stock Up 0.1%

NYSE:TPR opened at $142.83 on Monday. The stock's fifty day moving average price is $147.31 and its two-hundred day moving average price is $131.75. Tapestry, Inc. has a 52-week low of $70.81 and a 52-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. The company has a market cap of $28.92 billion, a price-to-earnings ratio of 59.02, a P/E/G ratio of 1.71 and a beta of 1.45.

Tapestry (NYSE:TPR - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.49. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The business's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, analysts anticipate that Tapestry, Inc. will post 6.46 EPS for the current year.

Tapestry Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 6th were given a dividend of $0.40 per share. The ex-dividend date was Friday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Tapestry's payout ratio is presently 66.12%.

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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