Key Points
- Insider sale: Denise Kulikowsky sold 583 Tapestry (TPR) shares on Dec. 4 at an average price of $115.17 for ~$67,144, reducing her stake by 2.93% to 19,285 shares.
- Capital returns and dividend: Tapestry's board authorized a $1.0 billion buyback (up to ~4.9% of shares) and declared a $0.40 quarterly dividend (annualized $1.60, yield 1.4%, DPR 142.86%; ex-dividend Dec. 5, pay Dec. 22).
- Financial performance and outlook: Tapestry beat Q results with EPS $1.38 vs $1.25 expected and revenue $1.70B (+13.1% YoY), set FY2026 guidance of $5.45–$5.60 EPS, and carries a consensus analyst rating of "Moderate Buy" (avg. target ~$119.26).
Tapestry, Inc. (NYSE:TPR - Get Free Report) insider Denise Kulikowsky sold 583 shares of Tapestry stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $115.17, for a total value of $67,144.11. Following the transaction, the insider owned 19,285 shares of the company's stock, valued at $2,221,053.45. The trade was a 2.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Tapestry Trading Up 0.9%
NYSE TPR opened at $116.15 on Friday. Tapestry, Inc. has a 12 month low of $58.39 and a 12 month high of $118.56. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 5.95. The stock's fifty day moving average price is $110.43 and its 200-day moving average price is $101.64. The stock has a market cap of $23.77 billion, a P/E ratio of 103.71, a P/E/G ratio of 2.35 and a beta of 1.65.
Tapestry (NYSE:TPR - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.25 by $0.13. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The company had revenue of $1.70 billion for the quarter, compared to analysts' expectations of $1.63 billion. During the same quarter in the previous year, the business posted $0.84 EPS. Tapestry's revenue was up 13.1% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. As a group, equities analysts forecast that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.
Tapestry announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the luxury accessories retailer to reacquire up to 4.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its shares are undervalued.
Tapestry Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.60 annualized dividend and a dividend yield of 1.4%. Tapestry's dividend payout ratio (DPR) is 142.86%.
Analyst Upgrades and Downgrades
TPR has been the topic of several analyst reports. Evercore ISI upped their price objective on Tapestry from $125.00 to $129.00 and gave the company an "outperform" rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. upped their price target on Tapestry from $147.00 to $148.00 and gave the company an "overweight" rating in a report on Monday, November 17th. Robert W. Baird set a $130.00 price objective on Tapestry in a research report on Wednesday, October 29th. Raymond James Financial lifted their price objective on Tapestry from $115.00 to $130.00 and gave the stock an "outperform" rating in a report on Tuesday, October 21st. Finally, Jefferies Financial Group boosted their target price on Tapestry from $125.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, October 23rd. 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $119.26.
Read Our Latest Analysis on TPR
Institutional Trading of Tapestry
A number of hedge funds have recently bought and sold shares of TPR. Allworth Financial LP boosted its holdings in Tapestry by 66.2% in the third quarter. Allworth Financial LP now owns 23,403 shares of the luxury accessories retailer's stock valued at $2,650,000 after purchasing an additional 9,324 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Tapestry by 12.4% in the 3rd quarter. IFP Advisors Inc now owns 3,728 shares of the luxury accessories retailer's stock valued at $422,000 after purchasing an additional 410 shares during the last quarter. Swiss Life Asset Management Ltd lifted its stake in Tapestry by 881.5% in the third quarter. Swiss Life Asset Management Ltd now owns 52,734 shares of the luxury accessories retailer's stock valued at $5,971,000 after buying an additional 47,361 shares during the last quarter. Groupama Asset Managment purchased a new stake in Tapestry in the third quarter valued at approximately $816,000. Finally, Cambria Investment Management L.P. acquired a new stake in shares of Tapestry in the third quarter valued at approximately $745,000. Hedge funds and other institutional investors own 90.77% of the company's stock.
About Tapestry
(
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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