Key Points
- CEO Joanne Crevoiserat sold 48,795 shares at an average price of $154.87 for about $7.56 million, leaving her with 671,193 shares — a 6.78% reduction in her position.
- Tapestry beat expectations for the quarter with EPS of $2.69 versus a $2.20 consensus and revenue of $2.50 billion (up 14% year-over-year), and set FY2026 guidance of $6.400–$6.450 per share.
- The board approved a $1.0 billion share repurchase program (up to ~4.9% of shares) and declared a quarterly dividend of $0.40 per share (annualized $1.60, ~1.0% yield; ex-dividend March 6).
Tapestry, Inc. (NYSE:TPR - Get Free Report) CEO Joanne Crevoiserat sold 48,795 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total transaction of $7,556,881.65. Following the sale, the chief executive officer owned 671,193 shares in the company, valued at approximately $103,947,659.91. This trade represents a 6.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Tapestry Stock Performance
TPR stock traded up $2.72 during midday trading on Friday, reaching $155.02. The company had a trading volume of 412,734 shares, compared to its average volume of 2,403,649. The firm has a market capitalization of $31.38 billion, a PE ratio of 64.29, a P/E/G ratio of 1.90 and a beta of 1.63. The stock has a 50 day moving average price of $134.25 and a 200 day moving average price of $117.75. Tapestry, Inc. has a fifty-two week low of $58.39 and a fifty-two week high of $158.28. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32.
Tapestry (NYSE:TPR - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the business posted $2.00 EPS. The business's revenue was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Analysts anticipate that Tapestry, Inc. will post 4.91 earnings per share for the current year.
Tapestry declared that its board has approved a stock repurchase 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 stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.
Tapestry Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be issued 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 payout ratio is 66.12%.
Institutional Investors Weigh In On Tapestry
A number of institutional investors have recently added to or reduced their stakes in the company. Compound Planning Inc. boosted its stake in Tapestry by 7.4% during the 4th quarter. Compound Planning Inc. now owns 9,223 shares of the luxury accessories retailer's stock valued at $1,178,000 after purchasing an additional 636 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Tapestry by 306.5% in the fourth quarter. Corient Private Wealth LLC now owns 232,246 shares of the luxury accessories retailer's stock valued at $29,674,000 after buying an additional 175,109 shares during the period. Virtue Capital Management LLC grew its holdings in Tapestry by 1,864.7% during the fourth quarter. Virtue Capital Management LLC now owns 11,199 shares of the luxury accessories retailer's stock worth $1,445,000 after acquiring an additional 10,629 shares during the period. Beacon Pointe Advisors LLC raised its position in Tapestry by 4.4% in the fourth quarter. Beacon Pointe Advisors LLC now owns 4,944 shares of the luxury accessories retailer's stock worth $632,000 after acquiring an additional 207 shares in the last quarter. Finally, State of Tennessee Department of Treasury lifted its holdings in Tapestry by 1.3% in the 4th quarter. State of Tennessee Department of Treasury now owns 79,868 shares of the luxury accessories retailer's stock valued at $10,136,000 after acquiring an additional 1,052 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
TPR has been the topic of several recent research reports. Barclays set a $179.00 price objective on shares of Tapestry and gave the company an "overweight" rating in a research report on Friday, February 6th. Zacks Research raised Tapestry from a "hold" rating to a "strong-buy" rating in a report on Monday, February 9th. JPMorgan Chase & Co. increased their price objective on Tapestry from $147.00 to $148.00 and gave the stock an "overweight" rating in a report on Monday, November 17th. Evercore raised their target price on Tapestry from $129.00 to $150.00 and gave the company an "outperform" rating in a research report on Tuesday, February 3rd. Finally, Morgan Stanley lifted their target price on Tapestry from $124.00 to $126.00 and gave the company an "overweight" rating in a research note on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.00.
View Our Latest Research Report on Tapestry
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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