Tapestry (NYSE:TPR) CEO Sells $2,738,371.14 in Stock

Tapestry, Inc. (NYSE:TPR) CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction on 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 transaction, the chief executive officer owned 123,258 shares of the company’s stock, valued at approximately $17,258,585.16. This trade represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Tapestry Stock Down 1.2%

NYSE:TPR traded down $1.70 during midday trading on Wednesday, reaching $138.92. The company had a trading volume of 1,624,163 shares, compared to its average volume of 2,245,917. The firm has a market capitalization of $28.07 billion, a price-to-earnings ratio of 44.53, a PEG ratio of 1.41 and a beta of 1.45. The stock’s fifty day simple moving average is $142.22 and its 200-day simple moving average is $134.25. Tapestry, Inc. has a 12-month low of $76.92 and a 12-month high of $161.97. The company has a current ratio of 1.84, a quick ratio of 1.27 and a debt-to-equity ratio of 3.48.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.36. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.Tapestry’s revenue was up 21.2% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, sell-side analysts anticipate that Tapestry, Inc. will post 6.95 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be issued a $0.40 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Tapestry’s dividend payout ratio (DPR) is 51.28%.

Analysts Set New Price Targets

A number of research firms recently issued reports on TPR. JPMorgan Chase & Co. lifted their target price on Tapestry from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, May 8th. UBS Group raised Tapestry from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $142.00 to $187.00 in a report on Friday, May 8th. Evercore set a $175.00 price target on Tapestry in a report on Friday, May 8th. Weiss Ratings downgraded Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Finally, Wall Street Zen raised Tapestry from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Tapestry currently has a consensus rating of “Moderate Buy” and an average price target of $160.67.

Institutional Trading of Tapestry

Institutional investors have recently bought and sold shares of the business. Acumen Wealth Advisors LLC purchased a new stake in shares of Tapestry in the 4th quarter valued at about $28,000. Steph & Co. boosted its position 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 purchasing an additional 130 shares during the period. Cloud Capital Management LLC acquired a new stake in shares of Tapestry in the 3rd quarter valued at about $26,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Tapestry in the 4th quarter valued at about $31,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of Tapestry in the 4th quarter valued at about $32,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

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.