Tapestry, Inc. $TPR Shares Sold by Elevatus Welath Management

Elevatus Welath Management reduced its position in Tapestry, Inc. (NYSE:TPR) by 50.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 16,535 shares of the luxury accessories retailer’s stock after selling 16,848 shares during the period. Elevatus Welath Management’s holdings in Tapestry were worth $1,872,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Essex Financial Services Inc. grew its position in shares of Tapestry by 3.5% in the third quarter. Essex Financial Services Inc. now owns 3,324 shares of the luxury accessories retailer’s stock valued at $376,000 after purchasing an additional 113 shares during the period. Blue Trust Inc. lifted its position in Tapestry by 19.7% during the third quarter. Blue Trust Inc. now owns 741 shares of the luxury accessories retailer’s stock worth $84,000 after buying an additional 122 shares during the period. Wedmont Private Capital grew its holdings in Tapestry by 3.3% in the 3rd quarter. Wedmont Private Capital now owns 4,352 shares of the luxury accessories retailer’s stock valued at $502,000 after buying an additional 139 shares during the period. 44 Wealth Management LLC increased its stake in shares of Tapestry by 0.8% during the 2nd quarter. 44 Wealth Management LLC now owns 19,018 shares of the luxury accessories retailer’s stock valued at $1,670,000 after acquiring an additional 142 shares during the last quarter. Finally, Whittier Trust Co. boosted its position in shares of Tapestry by 53.2% in the third quarter. Whittier Trust Co. now owns 478 shares of the luxury accessories retailer’s stock worth $55,000 after acquiring an additional 166 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Todd Kahn sold 39,815 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $151.34, for a total transaction of $6,025,602.10. Following the completion of the sale, the chief executive officer directly owned 120,578 shares of the company’s stock, valued at approximately $18,248,274.52. This trade represents a 24.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Scott A. Roe sold 44,290 shares of Tapestry stock in a transaction on 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 sale, the chief financial officer directly owned 139,128 shares in the company, valued at $21,233,715.36. This trade represents a 24.15% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 164,956 shares of company stock valued at $25,297,262. Corporate insiders own 1.32% of the company’s stock.

Tapestry Price Performance

TPR stock opened at $145.33 on Thursday. The firm has a market cap of $29.42 billion, a P/E ratio of 60.05, a price-to-earnings-growth ratio of 1.78 and a beta of 1.55. 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 $58.39 and a 1 year high of $161.97. The stock has a 50-day simple moving average of $141.41 and a 200-day simple moving average of $122.50.

Tapestry (NYSE:TPR) last released 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 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%.Tapestry’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, equities analysts predict that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders 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 dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s payout ratio is presently 66.12%.

Wall Street Analysts Forecast Growth

TPR has been the topic of a number of research analyst reports. Citigroup lifted their price target on shares of Tapestry from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, February 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $170.00 price target on shares of Tapestry in a research report on Friday, February 6th. BTIG Research raised their price objective on Tapestry from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Barclays set a $179.00 target price on Tapestry and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, Wells Fargo & Company raised their price target on shares of Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.00.

Tapestry 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.