Tapestry, Inc. $TPR Shares Sold by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group reduced its Tapestry holding by 3.3% in Q4, selling 14,189 shares and now owns 419,628 shares (~0.21% of the company, worth about $53.6M); institutional investors own roughly 90.77% of TPR.
• Tapestry beat expectations for the quarter with EPS of $2.69 versus $2.20 expected and revenue of $2.50B (+14% YoY), and the company set FY 2026 guidance of $6.40–$6.45 in EPS vs. analysts’ near-term estimate of ~$4.91.
• Significant insider selling has occurred recently (CFO sold ~44,290 shares; insiders sold ~164,956 shares over 90 days), while the stock trades at a premium valuation (P/E ~62.7) and yields about 1.1% annually.

Sumitomo Mitsui Trust Group Inc. reduced its stake in Tapestry, Inc. (NYSE:TPR - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 419,628 shares of the luxury accessories retailer's stock after selling 14,189 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.21% of Tapestry worth $53,616,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cloud Capital Management LLC acquired a new stake in Tapestry in the third quarter valued at $26,000. Triumph Capital Management acquired a new stake in Tapestry in the third quarter valued at $29,000. Flagship Harbor Advisors LLC acquired a new stake in Tapestry in the fourth quarter valued at $31,000. Sound Income Strategies LLC raised its stake in Tapestry by 157.4% in the fourth quarter. Sound Income Strategies LLC now owns 314 shares of the luxury accessories retailer's stock valued at $41,000 after buying an additional 192 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in Tapestry by 210.4% in the third quarter. Larson Financial Group LLC now owns 388 shares of the luxury accessories retailer's stock valued at $44,000 after buying an additional 263 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Tapestry Stock Performance

Shares of TPR stock opened at $151.64 on Thursday. 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, Inc. has a 1 year low of $61.60 and a 1 year high of $161.97. The stock's 50-day moving average is $148.35 and its two-hundred day moving average is $129.02. The firm has a market cap of $30.70 billion, a price-to-earnings ratio of 62.66, a PEG ratio of 1.81 and a beta of 1.59.

Tapestry (NYSE:TPR - Get Free Report) last released 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. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the company posted $2.00 earnings per share. The business's revenue was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Analysts predict that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 6th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Tapestry's dividend payout ratio (DPR) is currently 66.12%.

Insider Activity

In related news, CFO Scott A. Roe sold 44,290 shares of the firm's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $152.62, for a total transaction of $6,759,539.80. Following the transaction, the chief financial officer owned 139,128 shares of the company's stock, valued at $21,233,715.36. This trade represents a 24.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas Greco sold 14,245 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 21,302 shares in the company, valued at approximately $3,289,880.88. This represents a 40.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 164,956 shares of company stock valued at $25,297,262. Insiders own 1.32% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Robert W. Baird set a $160.00 price target on Tapestry in a research note on Friday, February 6th. Wall Street Zen cut Tapestry from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 11th. UBS Group restated a "neutral" rating and issued a $141.00 price target on shares of Tapestry in a research note on Monday, February 9th. Weiss Ratings restated a "hold (c)" rating on shares of Tapestry in a research note on Wednesday, January 21st. Finally, TD Cowen restated a "buy" rating on shares of Tapestry in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $151.06.

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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