Tapestry (NYSE:TPR) CEO Todd Kahn Sells 19,557 Shares

Tapestry, Inc. (NYSE:TPR) CEO Todd Kahn sold 19,557 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tapestry Stock Performance

Shares of NYSE TPR traded down $1.70 during trading hours on Wednesday, reaching $138.92. The stock had a trading volume of 1,624,163 shares, compared to its average volume of 2,245,917. The firm has a market cap 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 company has a current ratio of 1.84, a quick ratio of 1.27 and a debt-to-equity ratio of 3.48. Tapestry, Inc. has a fifty-two week low of $76.92 and a fifty-two week high of $161.97. The firm has a 50-day moving average of $142.22 and a 200-day moving average of $134.25.

Tapestry (NYSE:TPR) last announced 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 analysts’ expectations of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The business’s revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Equities research analysts predict that Tapestry, Inc. will post 6.95 earnings per share for the current year.

Tapestry Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently issued reports on TPR shares. Wells Fargo & Company boosted their price target on Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Evercore set a $175.00 price target on Tapestry in a research report on Friday, May 8th. BTIG Research restated a “buy” rating and issued a $180.00 price target on shares of Tapestry in a research report on Friday, May 8th. Raymond James Financial restated an “outperform” rating and issued a $165.00 price target on shares of Tapestry in a research report on Thursday, April 23rd. Finally, Zacks Research upgraded Tapestry from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Tapestry has an average rating of “Moderate Buy” and a consensus price target of $160.67.

Hedge Funds Weigh In On Tapestry

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cloud Capital Management LLC purchased a new stake in shares of Tapestry during the 3rd quarter worth approximately $26,000. Acumen Wealth Advisors LLC purchased a new stake in shares of Tapestry during the 4th quarter worth approximately $28,000. Triumph Capital Management purchased a new stake in shares of Tapestry during the 3rd quarter worth approximately $29,000. Steph & Co. boosted its stake in shares of Tapestry by 128.7% during the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock worth $30,000 after acquiring an additional 130 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Tapestry during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

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.