UBS Group AG Sells 850,488 Shares of Tapestry, Inc. $TPR

Key Points

• UBS Group AG cut its Tapestry stake by 62.3%, selling 850,488 shares and retaining 514,954 shares (about 0.25% of the company) valued at roughly $65.8 million.
• Tapestry beat expectations with Q results of $2.69 EPS vs. $2.20 expected and $2.50 billion in revenue (up 14% year-over-year), while setting FY2026 guidance of $6.40–$6.45 per share and carrying an average analyst price target of $153.89 with a "Moderate Buy" consensus.
• Insider selling has been notable: CEO Joanne Crevoiserat sold 48,795 shares for about $7.56 million and insiders disposed of 164,956 shares (≈$25.3 million) over the past 90 days, with insiders now owning 1.32% of the company.

UBS Group AG decreased its holdings in shares of Tapestry, Inc. (NYSE:TPR - Free Report) by 62.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 514,954 shares of the luxury accessories retailer's stock after selling 850,488 shares during the period. UBS Group AG owned approximately 0.25% of Tapestry worth $65,796,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TPR. Cloud Capital Management LLC bought a new stake in shares of Tapestry during the 3rd quarter valued at about $26,000. Triumph Capital Management bought a new stake in Tapestry during the third quarter valued at approximately $29,000. Steph & Co. lifted its position in Tapestry by 128.7% during the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer's stock valued at $30,000 after purchasing an additional 130 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in Tapestry during the fourth quarter valued at approximately $31,000. Finally, Sound Income Strategies LLC lifted its position in Tapestry by 157.4% during the fourth quarter. Sound Income Strategies LLC now owns 314 shares of the luxury accessories retailer's stock valued at $41,000 after purchasing an additional 192 shares during the last quarter. Institutional investors own 90.77% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TPR shares. Jefferies Financial Group lowered Tapestry from a "buy" rating to a "hold" rating and dropped their price target for the stock from $142.00 to $138.00 in a research note on Wednesday, January 14th. Wells Fargo & Company lifted their price target on Tapestry from $142.00 to $165.00 and gave the stock an "overweight" rating in a research note on Friday, February 6th. Wall Street Zen lowered Tapestry from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 11th. TD Cowen restated a "buy" rating on shares of Tapestry in a report on Tuesday, February 10th. Finally, Zacks Research upgraded shares of Tapestry from a "hold" rating to a "strong-buy" rating in a report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $153.89.

Tapestry Trading Down 2.0%

NYSE TPR opened at $139.89 on Tuesday. Tapestry, Inc. has a 1-year low of $71.99 and a 1-year high of $161.97. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. The stock has a 50-day moving average of $147.31 and a 200-day moving average of $131.75. The firm has a market cap of $28.32 billion, a PE ratio of 57.81, a price-to-earnings-growth ratio of 1.71 and a beta of 1.46.

Tapestry (NYSE:TPR - Get Free Report) last released its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, beating 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 company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the previous year, the company posted $2.00 EPS. Tapestry's revenue for the quarter was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, sell-side analysts forecast that Tapestry, Inc. will post 6.46 EPS for the current year.

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 6th were paid 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 of this dividend was Friday, March 6th. Tapestry's payout ratio is 66.12%.

Insider Activity at Tapestry

In related news, CEO Joanne C. Crevoiserat sold 48,795 shares of the company's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $154.87, for a total transaction of $7,556,881.65. Following the completion of the sale, the chief executive officer directly owned 671,193 shares in the company, valued at $103,947,659.91. This represents a 6.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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. This represents a 10.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 164,956 shares of company stock worth $25,297,262 over the last ninety days. Insiders own 1.32% of the company's stock.

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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