Key Points
- CFO Scott Roe sold 18,794 Tapestry shares on Nov. 21 at an average price of $104.85 for about $1.97 million, reducing his holdings by 11.26% to 148,149 shares (SEC filing).
- Tapestry beat quarterly estimates, reporting $1.38 EPS vs. $1.25 expected and $1.70B revenue (+13.1% YoY), and set FY2026 guidance of $5.45–$5.60 per share while analysts maintain a moderate buy consensus with an average target near $119.26.
- Capital returns include a $1.0 billion share buyback authorization (about 4.9% of shares) and a $0.40 quarterly dividend (annualized $1.60, ~1.5% yield) despite a high payout ratio (142.86%).
Tapestry, Inc. (NYSE:TPR - Get Free Report) CFO Scott Roe sold 18,794 shares of Tapestry stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 148,149 shares of the company's stock, valued at $15,533,422.65. This trade represents a 11.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Tapestry Trading Up 0.3%
NYSE TPR opened at $105.55 on Tuesday. Tapestry, Inc. has a 12-month low of $58.39 and a 12-month high of $118.56. The company has a fifty day simple moving average of $110.53 and a two-hundred day simple moving average of $100.06. The company has a current ratio of 1.87, a quick ratio of 1.31 and a debt-to-equity ratio of 2.77. The stock has a market cap of $21.60 billion, a P/E ratio of 167.54, a P/E/G ratio of 2.72 and a beta of 1.71.
Tapestry (NYSE:TPR - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.13. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.63 billion. Tapestry had a net margin of 2.61% and a return on equity of 68.02%. The business's quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 earnings per share. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. On average, analysts forecast that Tapestry, Inc. will post 4.91 earnings per share for the current year.
Tapestry Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Friday, December 5th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, December 5th. Tapestry's dividend payout ratio (DPR) is presently 142.86%.
Tapestry announced that its board has approved a share buyback program on Thursday, November 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the luxury accessories retailer to buy up to 4.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Tapestry from a "buy" rating to a "strong-buy" rating in a report on Monday, November 10th. JPMorgan Chase & Co. increased their price objective on shares of Tapestry from $147.00 to $148.00 and gave the stock an "overweight" rating in a research note on Monday, November 17th. Jefferies Financial Group raised their target price on shares of Tapestry from $125.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, October 23rd. Telsey Advisory Group restated an "outperform" rating and set a $125.00 target price on shares of Tapestry in a research report on Friday, November 7th. Finally, Morgan Stanley upped their price target on shares of Tapestry from $124.00 to $126.00 and gave the company an "overweight" rating in a report on Friday, November 7th. Eighteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $119.26.
Check Out Our Latest Analysis on TPR
Hedge Funds Weigh In On Tapestry
Several large investors have recently made changes to their positions in the company. Schroder Investment Management Group grew its position in Tapestry by 1,661.6% during the second quarter. Schroder Investment Management Group now owns 4,002,818 shares of the luxury accessories retailer's stock valued at $351,487,000 after buying an additional 3,775,593 shares during the period. Norges Bank purchased a new stake in shares of Tapestry during the 2nd quarter worth about $227,248,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Tapestry by 250.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,449,170 shares of the luxury accessories retailer's stock worth $277,295,000 after acquiring an additional 1,750,566 shares in the last quarter. State Street Corp grew its position in shares of Tapestry by 19.3% during the 3rd quarter. State Street Corp now owns 9,229,777 shares of the luxury accessories retailer's stock valued at $1,044,995,000 after acquiring an additional 1,494,193 shares during the period. Finally, Voloridge Investment Management LLC increased its stake in shares of Tapestry by 160.5% in the 3rd quarter. Voloridge Investment Management LLC now owns 1,886,518 shares of the luxury accessories retailer's stock valued at $213,592,000 after purchasing an additional 1,162,442 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.
Tapestry Company Profile
(
Get Free Report)
Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's handbags; and women's accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.
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