Key Points
- Todd Kahn, Tapestry's CEO, sold 10,344 shares on Nov. 24 at an average of $107 for about $1.11M, reducing his stake to 131,815 shares (a 7.28% decrease); he also sold 29,000 shares on Nov. 18 at $102.83 (~$2.98M).
- Tapestry beat quarterly estimates with $1.38 EPS (vs. $1.25 est.) and $1.70B revenue (up 13.1% YoY), set FY26 guidance of $5.45–$5.60 EPS, and announced a $1.0B share buyback plus a $0.40 quarterly dividend (1.5% yield).
- Analysts hold a consensus "Moderate Buy" on TPR with a $119.26 target, and several recent price-target increases sit in the $125–$135 range.
Tapestry, Inc. (NYSE:TPR - Get Free Report) CEO Todd Kahn sold 10,344 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $107.00, for a total transaction of $1,106,808.00. Following the completion of the sale, the chief executive officer directly owned 131,815 shares in the company, valued at approximately $14,104,205. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Todd Kahn also recently made the following trade(s):
- On Tuesday, November 18th, Todd Kahn sold 29,000 shares of Tapestry stock. The stock was sold at an average price of $102.83, for a total transaction of $2,982,070.00.
Tapestry Stock Performance
TPR opened at $107.70 on Wednesday. Tapestry, Inc. has a twelve month low of $58.39 and a twelve month high of $118.56. The stock has a market cap of $22.04 billion, a PE ratio of 170.95, a price-to-earnings-growth ratio of 2.72 and a beta of 1.71. The business's 50 day moving average is $110.49 and its 200-day moving average is $100.27. The company has a current ratio of 1.87, a quick ratio of 1.31 and a debt-to-equity ratio of 2.77.
Tapestry (NYSE:TPR - Get Free Report) last announced its earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.13. Tapestry had a return on equity of 68.02% and a net margin of 2.61%.The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the business earned $0.84 EPS. The firm's revenue for the quarter was up 13.1% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. On average, analysts predict that Tapestry, Inc. will post 4.91 earnings per share for the current year.
Tapestry Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.60 annualized dividend and a yield of 1.5%. Tapestry's dividend payout ratio is presently 142.86%.
Tapestry declared that its Board of Directors has initiated a share buyback plan on Thursday, November 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the luxury accessories retailer to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. Harbour Investments Inc. lifted its stake in Tapestry by 120.1% in the 1st quarter. Harbour Investments Inc. now owns 361 shares of the luxury accessories retailer's stock worth $25,000 after acquiring an additional 197 shares in the last quarter. Flaharty Asset Management LLC acquired a new position in shares of Tapestry in the 1st quarter valued at about $25,000. First PREMIER Bank acquired a new position in shares of Tapestry in the 2nd quarter valued at about $25,000. Cloud Capital Management LLC purchased a new stake in shares of Tapestry in the third quarter worth approximately $26,000. Finally, Vestor Capital LLC acquired a new stake in shares of Tapestry during the second quarter worth approximately $27,000. Hedge funds and other institutional investors own 90.77% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on TPR shares. Wells Fargo & Company dropped their price target on shares of Tapestry from $135.00 to $125.00 and set an "overweight" rating on the stock in a research report on Friday, November 7th. Raymond James Financial boosted their price objective on Tapestry from $115.00 to $130.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 21st. Jefferies Financial Group raised their price objective on shares of Tapestry from $125.00 to $135.00 and gave the company a "buy" rating in a research report on Thursday, October 23rd. Robert W. Baird set a $130.00 target price on shares of Tapestry in a report on Wednesday, October 29th. Finally, Barclays increased their target price on shares of Tapestry from $111.00 to $127.00 and gave the company an "overweight" rating in a research note on Thursday, September 11th. Eighteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.26.
Read Our Latest Research Report on TPR
About Tapestry
(
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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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