Tapestry, Inc. $TPR Shares Bought by Truist Financial Corp

Key Points

• Truist Financial increased its stake in Tapestry by 8.0% in Q4 to 614,786 shares (about $78.6M), and several other large institutions also boosted positions, leaving institutional investors owning roughly 90.77% of the stock.
• Tapestry beat expectations for the quarter with $2.69 EPS vs. $2.20 expected and $2.50B revenue vs. $2.29B expected, and set FY2026 guidance of 6.400–6.450 EPS (consensus ~6.46).
• Company insiders have been selling recently — including CEO Joanne Crevoiserat and a director — totaling 164,956 shares (~$25.3M) over the past three months, leaving insiders with about 1.32% ownership.

Truist Financial Corp raised its position in Tapestry, Inc. (NYSE:TPR - Free Report) by 8.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 614,786 shares of the luxury accessories retailer's stock after acquiring an additional 45,766 shares during the period. Truist Financial Corp owned approximately 0.30% of Tapestry worth $78,551,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in TPR. Massachusetts Financial Services Co. MA grew its holdings in Tapestry by 250.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,449,170 shares of the luxury accessories retailer's stock worth $277,295,000 after acquiring an additional 1,750,566 shares during the period. State Street Corp grew 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 purchasing an additional 1,494,193 shares during the period. Voloridge Investment Management LLC increased its holdings in shares of 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. Two Sigma Investments LP boosted its holdings 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. Finally, Barclays PLC increased its holdings in Tapestry by 191.9% in the third quarter. Barclays PLC now owns 1,297,394 shares of the luxury accessories retailer's stock valued at $146,891,000 after buying an additional 852,908 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company's stock.

Insider Activity at Tapestry

In other news, Director Anne Gates sold 6,498 shares of the company's stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $153.79, for a total transaction of $999,327.42. Following the completion of the sale, the director directly owned 22,698 shares in the company, valued at $3,490,725.42. This represents a 22.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of Tapestry stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $154.87, for a total value of $7,556,881.65. Following the completion of the transaction, the chief executive officer owned 671,193 shares in the company, valued at $103,947,659.91. The trade was a 6.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 164,956 shares of company stock worth $25,297,262. 1.32% of the stock is owned by corporate insiders.

Tapestry Price Performance

Shares of NYSE:TPR opened at $139.89 on Tuesday. The company has a market cap of $28.32 billion, a P/E ratio of 57.81, a P/E/G ratio of 1.71 and a beta of 1.46. The business has a fifty day simple moving average of $147.31 and a 200-day simple moving average of $131.75. Tapestry, Inc. has a 52 week low of $71.99 and a 52 week 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 issued its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $0.49. The firm had revenue of $2.50 billion for 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 firm's quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the company earned $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Equities research analysts forecast that Tapestry, Inc. will post 6.46 EPS for the current year.

Tapestry Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 6th were issued 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 was Friday, March 6th. Tapestry's dividend payout ratio (DPR) is 66.12%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TPR. Telsey Advisory Group upped their price target on Tapestry to $150.00 and gave the stock an "outperform" rating in a report on Thursday, February 5th. BNP Paribas Exane started coverage on shares of Tapestry in a research report on Friday, February 13th. They set an "outperform" rating and a $176.00 target price for the company. Wall Street Zen cut shares of Tapestry from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 11th. Barclays set a $179.00 price objective on Tapestry and gave the stock an "overweight" rating in a research report on Friday, February 6th. Finally, UBS Group raised their price target on Tapestry from $141.00 to $142.00 and gave the stock a "neutral" rating in a research report on Thursday, April 23rd. Two investment 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $153.89.

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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