Key Points
- Tapestry CEO Joanne Crevoiserat sold 27,776 shares on May 13 at an average price of $132.89, totaling about $3.69 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan and reduced her stake by 4.08%.
- The company reported strong quarterly results on May 7, with EPS of $1.66 beating estimates and revenue of $1.92 billion topping forecasts. Revenue rose 21.2% year over year, and Tapestry maintained FY2026 EPS guidance of 6.95.
- Tapestry also announced a quarterly dividend of $0.40 per share, payable June 22 to shareholders of record on June 5. That works out to an annualized dividend of $1.60 and a yield of about 1.2%.
Tapestry, Inc. (NYSE:TPR - Get Free Report) CEO Joanne Crevoiserat sold 27,776 shares of Tapestry stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the completion of the sale, the chief executive officer owned 652,434 shares in the company, valued at approximately $86,701,954.26. This represents a 4.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Tapestry Stock Performance
Shares of NYSE TPR opened at $130.32 on Friday. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.27 and a current ratio of 1.84. The company has a market cap of $26.33 billion, a P/E ratio of 41.77, a P/E/G ratio of 1.35 and a beta of 1.45. The firm's fifty day moving average is $144.00 and its two-hundred day moving average is $132.83. Tapestry, Inc. has a 52-week low of $76.29 and a 52-week high of $161.97.
Tapestry (NYSE:TPR - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.36. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.79 billion. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. Tapestry's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, analysts anticipate that Tapestry, Inc. will post 6.95 EPS for the current fiscal year.
Tapestry Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, June 5th. Tapestry's payout ratio is currently 51.28%.
Institutional Trading of Tapestry
A number of large investors have recently made changes to their positions in TPR. Acumen Wealth Advisors LLC purchased a new position in shares of Tapestry during the 4th quarter worth about $28,000. Steph & Co. boosted its stake in shares of Tapestry by 128.7% during the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer's stock worth $30,000 after purchasing an additional 130 shares during the period. Cloud Capital Management LLC purchased a new position in shares of Tapestry during the 3rd quarter worth about $26,000. Flagship Harbor Advisors LLC purchased a new position in shares of Tapestry during the 4th quarter worth about $31,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in shares of Tapestry during the 4th quarter worth about $32,000. 90.77% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
TPR has been the topic of a number of research reports. BNP Paribas Exane initiated coverage on shares of Tapestry in a report on Friday, February 13th. They issued an "outperform" rating and a $176.00 target price on the stock. Evercore set a $175.00 target price on shares of Tapestry in a report on Friday, May 8th. JPMorgan Chase & Co. boosted their target price on shares of Tapestry from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, May 8th. BTIG Research restated a "buy" rating and issued a $180.00 target price on shares of Tapestry in a report on Friday, May 8th. Finally, Zacks Research upgraded shares of Tapestry from a "hold" rating to a "strong-buy" rating in a report on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Tapestry presently has an average rating of "Moderate Buy" and a consensus price target of $160.67.
Read Our Latest Analysis on TPR
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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