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

Tapestry, Inc. (NYSE:TPR) CEO Todd Kahn sold 19,557 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the completion of the transaction, the chief executive officer directly owned 123,258 shares of the company’s stock, valued at approximately $17,258,585.16. The trade was a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Tapestry Price Performance

TPR stock opened at $138.92 on Thursday. Tapestry, Inc. has a 1 year low of $76.92 and a 1 year high of $161.97. The company has a market cap of $28.07 billion, a P/E ratio of 44.53, a PEG ratio of 1.43 and a beta of 1.45. The firm has a 50-day moving average of $142.16 and a 200 day moving average of $134.53. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.84 and a quick ratio of 1.27.

Tapestry (NYSE:TPR) last released its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.36. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. Tapestry’s revenue was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, sell-side analysts forecast that Tapestry, Inc. will post 6.95 EPS 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 paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, June 5th. Tapestry’s dividend payout ratio is presently 51.28%.

Institutional Investors Weigh In On Tapestry

Institutional investors have recently made changes to their positions in the company. Cloud Capital Management LLC purchased a new stake in shares of Tapestry during the third quarter valued at approximately $26,000. Acumen Wealth Advisors LLC purchased a new stake in shares of Tapestry during the fourth quarter valued at approximately $28,000. Triumph Capital Management purchased a new stake in shares of Tapestry during the third quarter valued at approximately $29,000. Steph & Co. grew its holdings in shares of Tapestry by 128.7% during the fourth quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer’s stock valued at $30,000 after buying an additional 130 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Tapestry during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TPR has been the subject of a number of analyst reports. Zacks Research raised shares of Tapestry from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Argus set a $165.00 target price on shares of Tapestry in a research note on Thursday, March 12th. Barclays set a $179.00 target price on shares of Tapestry and gave the company an “overweight” rating in a research note on Friday, February 6th. Robert W. Baird raised their target price on shares of Tapestry from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Evercore set a $175.00 target price on shares of Tapestry in a research note on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tapestry presently has an average rating of “Moderate Buy” and a consensus target price of $160.67.

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.