Key Points
- Todd Kahn sold $6,025,602.10 worth of Tapestry stock (39,815 shares) on Feb. 9 at $151.34, reducing his ownership by 24.82% to 120,578 shares valued at about $18.25 million; he also executed earlier sales in November.
- Tapestry beat quarterly expectations with $2.69 EPS (vs. $2.20 est.) and $2.50B revenue (+14% YoY), set FY2026 guidance of $6.40–$6.45 EPS, and the board approved a $1.0 billion share repurchase while declaring a $0.40 quarterly dividend.
Tapestry, Inc. (NYSE:TPR - Get Free Report) CEO Todd Kahn sold 39,815 shares of the business's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $151.34, for a total transaction of $6,025,602.10. Following the sale, the chief executive officer directly owned 120,578 shares in the company, valued at $18,248,274.52. This trade represents a 24.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Todd Kahn also recently made the following trade(s):
- On Monday, November 24th, Todd Kahn sold 10,344 shares of Tapestry stock. The shares were sold at an average price of $107.00, for a total value of $1,106,808.00.
- 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 Trading Up 0.8%
Shares of Tapestry stock opened at $154.47 on Thursday. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63. The firm has a 50-day moving average of $129.99 and a 200-day moving average of $115.92. Tapestry, Inc. has a 52-week low of $58.39 and a 52-week high of $158.20. The stock has a market cap of $31.27 billion, a PE ratio of 63.83, a PEG ratio of 1.89 and a beta of 1.63.
Tapestry (NYSE:TPR - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, beating the consensus estimate of $2.20 by $0.49. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The company's revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, sell-side analysts forecast that Tapestry, Inc. will post 4.91 EPS for the current year.
Tapestry announced that its Board of Directors has approved a share repurchase plan on Thursday, November 6th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the luxury accessories retailer to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.
Tapestry Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. Tapestry's dividend payout ratio (DPR) is 66.12%.
Institutional Investors Weigh In On Tapestry
Several institutional investors have recently bought and sold shares of TPR. Cloud Capital Management LLC bought a new stake in Tapestry in the third quarter valued at approximately $26,000. Vestor Capital LLC bought a new stake in Tapestry during the 2nd quarter valued at $27,000. Triumph Capital Management bought a new stake in Tapestry during the 3rd quarter valued at $29,000. Steph & Co. boosted its position in Tapestry by 128.7% during the 4th 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 period. Finally, Flagship Harbor Advisors LLC bought a new stake in Tapestry in the 4th quarter worth $31,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on TPR. The Goldman Sachs Group set a $166.00 price objective on shares of Tapestry in a report on Friday, February 6th. UBS Group reaffirmed a "neutral" rating and issued a $141.00 price objective on shares of Tapestry in a research report on Monday. Sanford C. Bernstein reissued an "outperform" rating and set a $170.00 target price on shares of Tapestry in a research report on Friday, February 6th. Citigroup upped their target price on Tapestry from $152.00 to $165.00 and gave the company a "buy" rating in a report on Friday, February 6th. Finally, Argus raised Tapestry to a "strong-buy" rating in a research report on Friday, January 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $143.33.
View Our Latest Research Report on TPR
Tapestry Company Profile
(
Get Free Report)
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.
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