Key Points
- Director Thomas Greco sold 14,245 shares at an average price of $154.44 for a total of $2,199,997.80, trimming his stake by 40.07% to 21,302 shares (about $3.29M), as disclosed in an SEC filing.
- Tapestry beat quarterly expectations, reporting $2.69 EPS versus $2.20 expected and $2.50B revenue (up 14% year-over-year), and set FY2026 guidance of $6.40–$6.45 EPS.
- Corporate capital returns: the board authorized a $1.0B share buyback (up to ~4.9% of shares) and declared a $0.40 quarterly dividend (1.0% yield; ex-dividend March 6, pay March 23).
Tapestry, Inc. (NYSE:TPR - Get Free Report) Director Thomas Greco sold 14,245 shares of the company's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $154.44, for a total transaction of $2,199,997.80. Following the completion of the sale, the director owned 21,302 shares in the company, valued at approximately $3,289,880.88. This trade represents a 40.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Tapestry Stock Up 0.7%
NYSE:TPR opened at $154.95 on Thursday. The company has a market capitalization of $31.37 billion, a price-to-earnings ratio of 64.03, a price-to-earnings-growth ratio of 1.89 and a beta of 1.63. Tapestry, Inc. has a one year low of $58.39 and a one year high of $158.28. The stock has a 50-day simple moving average of $133.68 and a 200 day simple moving average of $117.51. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The firm had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.29 billion. During the same quarter in the prior year, the firm posted $2.00 earnings per share. Tapestry's revenue for the quarter was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Sell-side analysts predict that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.
Tapestry Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, March 6th. This represents a $1.60 annualized dividend and a yield of 1.0%. Tapestry's dividend payout ratio (DPR) is 66.12%.
Tapestry declared that its Board of Directors has initiated a stock buyback program on Thursday, November 6th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the luxury accessories retailer to purchase up to 4.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.
Analyst Ratings Changes
TPR has been the topic of a number of research reports. BNP Paribas Exane assumed coverage on shares of Tapestry in a report on Friday, February 13th. They set an "outperform" rating and a $176.00 target price on the stock. The Goldman Sachs Group set a $166.00 price objective on shares of Tapestry in a research report on Friday, February 6th. Robert W. Baird set a $160.00 price objective on shares of Tapestry in a research note on Friday, February 6th. JPMorgan Chase & Co. raised their target price on shares of Tapestry from $147.00 to $148.00 and gave the stock an "overweight" rating in a report on Monday, November 17th. Finally, Telsey Advisory Group upped their target price on Tapestry to $150.00 and gave the company an "outperform" rating in a report on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $147.00.
Get Our Latest Report on Tapestry
Institutional Investors Weigh In On Tapestry
Several large investors have recently made changes to their positions in TPR. Great Diamond Partners LLC acquired a new stake in shares of Tapestry during the third quarter valued at approximately $2,395,000. Three Seasons Wealth LLC purchased a new position in Tapestry during the 3rd quarter worth approximately $1,882,000. Stevens Capital Partners acquired a new stake in Tapestry during the 3rd quarter valued at $8,880,000. Fisher Asset Management LLC raised its stake in Tapestry by 5,027.6% during the 2nd quarter. Fisher Asset Management LLC now owns 499,988 shares of the luxury accessories retailer's stock valued at $43,904,000 after purchasing an additional 490,237 shares during the period. Finally, Abacus FCF Advisors LLC purchased a new stake in shares of Tapestry in the third quarter valued at $17,332,000. Institutional investors and hedge funds own 90.77% of the company's stock.
About Tapestry
(
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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