Tapestry (NYSE:TPR) Director Thomas Greco Sells 14,245 Shares

Tapestry, Inc. (NYSE:TPR) Director Thomas Greco sold 14,245 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total value of $2,199,997.80. Following the sale, the director owned 21,302 shares of the company’s stock, valued at approximately $3,289,880.88. The trade was a 40.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Tapestry Price Performance

Shares of Tapestry stock opened at $154.95 on Thursday. The business’s fifty day moving average price is $133.68 and its 200 day moving average price is $117.51. Tapestry, Inc. has a twelve month low of $58.39 and a twelve month high of $158.28. 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 market capitalization of $31.37 billion, a P/E ratio of 64.03, a PEG ratio of 1.89 and a beta of 1.63.

Tapestry (NYSE:TPR) last released its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the business posted $2.00 EPS. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. 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 has initiated a stock repurchase program on Thursday, November 6th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the luxury accessories retailer to purchase up to 4.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Tapestry Announces Dividend

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 1.0%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s payout ratio is 66.12%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Acumen Wealth Advisors LLC purchased a new stake in Tapestry during the 4th quarter worth approximately $28,000. Steph & Co. grew its position in shares of Tapestry by 128.7% during the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock worth $30,000 after buying an additional 130 shares in the last quarter. Cloud Capital Management LLC bought a new stake in shares of Tapestry in the third quarter worth $26,000. Flagship Harbor Advisors LLC bought a new stake in shares of Tapestry in the fourth quarter worth $31,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in Tapestry in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on TPR shares. Wall Street Zen lowered shares of Tapestry from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Wells Fargo & Company boosted their price objective on Tapestry from $142.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. BNP Paribas Exane assumed coverage on Tapestry in a research report on Friday, February 13th. They issued an “outperform” rating and a $176.00 target price for the company. Evercore increased their target price on Tapestry from $129.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Finally, Argus upgraded Tapestry to a “strong-buy” rating in a report on Friday, January 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.00.

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.