Intech Investment Management LLC Has $24.93 Million Stock Holdings in Tapestry, Inc. $TPR

Key Points

• Intech Investment Management LLC boosted its Tapestry stake by 218.9% in the fourth quarter, ending with 195,089 shares valued at about $24.93 million.
• Tapestry reported strong quarterly results, with EPS of $1.66 topping estimates and revenue of $1.92 billion beating expectations; revenue rose 21.2% year over year.
• The company announced a quarterly dividend of $0.40 per share, while analysts remain broadly positive with a consensus Moderate Buy rating and average price target of $160.67.

Intech Investment Management LLC grew its holdings in Tapestry, Inc. (NYSE:TPR - Free Report) by 218.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 195,089 shares of the luxury accessories retailer's stock after buying an additional 133,911 shares during the quarter. Intech Investment Management LLC owned 0.10% of Tapestry worth $24,927,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Cloud Capital Management LLC acquired a new position in shares of Tapestry in the 3rd quarter valued at $26,000. Triumph Capital Management acquired a new position in shares of Tapestry in the 3rd quarter valued at $29,000. Steph & Co. raised its stake in shares of Tapestry by 128.7% in the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer's stock valued at $30,000 after buying an additional 130 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of Tapestry in the 4th quarter valued at $31,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of Tapestry by 2,720.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 282 shares of the luxury accessories retailer's stock valued at $36,000 after buying an additional 272 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company's stock.

Tapestry Trading Up 4.7%

Shares of TPR stock opened at $145.39 on Friday. Tapestry, Inc. has a 12-month low of $76.92 and a 12-month high of $161.97. The company has a market capitalization of $29.37 billion, a P/E ratio of 46.60, a P/E/G ratio of 1.41 and a beta of 1.45. The firm has a 50-day moving average price of $142.20 and a 200 day moving average price of $134.83. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48.

Tapestry (NYSE:TPR - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.36. The firm had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.79 billion. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The company's quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Research analysts forecast that Tapestry, Inc. will post 6.95 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, June 5th. Tapestry's dividend payout ratio (DPR) is presently 51.28%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Telsey Advisory Group increased their price objective on shares of Tapestry to $150.00 and gave the company an "outperform" rating in a research note on Thursday, February 5th. Barclays set a $179.00 price objective on shares of Tapestry and gave the company an "overweight" rating in a research note on Friday, February 6th. Wall Street Zen upgraded shares of Tapestry from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. increased their target price on shares of Tapestry from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Friday, May 8th. Finally, Citigroup lifted their price target on shares of Tapestry from $165.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $160.67.

Insider Activity

In other Tapestry news, CEO Todd Kahn sold 19,557 shares of the firm's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total value of $2,738,371.14. Following the completion of the sale, the chief executive officer owned 123,258 shares in the company, valued at approximately $17,258,585.16. This trade represents a 13.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the firm'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 sale, the chief executive officer 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.32% of the company's stock.

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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