Correct Capital Wealth Management Reduces Stock Holdings in Tapestry, Inc. $TPR

Correct Capital Wealth Management lessened its position in shares of Tapestry, Inc. (NYSE:TPR) by 29.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,500 shares of the luxury accessories retailer’s stock after selling 5,584 shares during the quarter. Correct Capital Wealth Management’s holdings in Tapestry were worth $1,528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TPR. Cloud Capital Management LLC acquired a new position in Tapestry during the third quarter worth about $26,000. Vestor Capital LLC purchased a new position in shares of Tapestry during the 2nd quarter worth approximately $27,000. CVA Family Office LLC increased its stake in shares of Tapestry by 224.8% during the 2nd quarter. CVA Family Office LLC now owns 380 shares of the luxury accessories retailer’s stock worth $33,000 after purchasing an additional 263 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Tapestry during the 2nd quarter worth approximately $37,000. Finally, Johnson Financial Group Inc. purchased a new stake in Tapestry in the 2nd quarter valued at approximately $39,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Todd Kahn sold 29,000 shares of Tapestry stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $102.83, for a total transaction of $2,982,070.00. Following the transaction, the chief executive officer owned 86,736 shares in the company, valued at approximately $8,919,062.88. The trade was a 25.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Scott A. Roe sold 18,794 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $104.85, for a total transaction of $1,970,550.90. Following the sale, the chief financial officer directly owned 148,149 shares of the company’s stock, valued at approximately $15,533,422.65. This trade represents a 11.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 115,485 shares of company stock valued at $12,034,058 over the last quarter. 1.32% of the stock is owned by insiders.

Key Stories Impacting Tapestry

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Q2 beat and materially raised FY‑2026 guidance — Tapestry reported $2.69 EPS vs. ~$2.20 consensus and $2.50B revenue (up 14% YoY); management raised FY26 EPS guidance to $6.40–$6.45 and lifted revenue plans (~$7.8B), signaling stronger-than-expected margin and top‑line momentum. Read More.
• Positive Sentiment: BTIG increased its price target to $175 and kept a “buy” rating — a meaningful upside signal from a sell‑side firm. Read More.
• Positive Sentiment: Citigroup raised its price target to $165 and moved to “buy,” reinforcing analyst enthusiasm after the quarter. Read More.
• Positive Sentiment: Evercore raised its target (to $150) — another upgrade contributing to bullish analyst momentum. Read More.
• Positive Sentiment: Declared dividend — Tapestry announced a $0.40 quarterly dividend (record/ex‑dividend date March 6), which supports income investors and signals confidence from the board.
• Positive Sentiment: Technical/market interest — Relative Strength (RS) rating jumped to 94 and the stock hit all‑time highs as investors digested the results, increasing momentum and retail/institutional attention. Read More.
• Neutral Sentiment: Telsey Advisory Group set an “outperform” rating with a $150 target (slightly below the intra‑day price), reflecting mixed near‑term upside expectations. Read More.
• Neutral Sentiment: Earnings call materials and transcripts are available for deeper read of margin drivers, geographic trends and brand performance. These are useful for modeling but are informational rather than new catalysts. Read More.
• Negative Sentiment: At least one analyst argued Coach’s momentum is unsustainable and issued a downgrade note — a cautionary view that could temper enthusiasm if future comps slow. Read More.

Tapestry Price Performance

Shares of Tapestry stock opened at $151.97 on Friday. The business’s fifty day moving average price is $127.42 and its 200 day moving average price is $114.96. Tapestry, Inc. has a twelve month low of $58.39 and a twelve month high of $153.13. The company has a current ratio of 1.63, a quick ratio of 0.93 and a debt-to-equity ratio of 4.32. The stock has a market capitalization of $31.10 billion, a P/E ratio of 62.80, a PEG ratio of 2.65 and a beta of 1.63.

Tapestry (NYSE:TPR) last announced its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, topping the consensus estimate of $2.20 by $0.49. The company had revenue of $2.50 billion during 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 revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, research analysts anticipate that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry announced that its Board of Directors has authorized a stock buyback program on Thursday, November 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the luxury accessories retailer to buy up to 4.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Tapestry Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s payout ratio is 142.86%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TPR shares. Sanford C. Bernstein reissued an “outperform” rating and set a $170.00 price target on shares of Tapestry in a research report on Friday. Raymond James Financial upped their price objective on Tapestry from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. The Goldman Sachs Group set a $166.00 price objective on Tapestry in a research report on Friday. Robert W. Baird set a $160.00 target price on shares of Tapestry in a report on Friday. Finally, Morgan Stanley lifted their price target on shares of Tapestry from $124.00 to $126.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Tapestry presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.33.

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.