Key Points
- Tapestry CEO Todd Kahn sold 19,557 shares on May 26 at an average price of $140.02, totaling about $2.74 million. After the sale, he still held 123,258 shares, and the transaction cut his position by 13.69%.
- The company reported strong quarterly results, with EPS of $1.66 versus estimates of $1.30 and revenue of $1.92 billion versus expectations of $1.79 billion. Revenue rose 21.2% year over year, and Tapestry maintained FY2026 EPS guidance of 6.95.
- Analysts remain broadly positive on Tapestry, with several firms raising price targets and the stock carrying a consensus “Moderate Buy” rating. The average price target is $160.67, above the recent trading price near $138.92.
Tapestry, Inc. (NYSE:TPR - Get Free Report) CEO Todd Kahn sold 19,557 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the sale, the chief executive officer owned 123,258 shares in the company, valued at approximately $17,258,585.16. The trade was a 13.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Tapestry Trading Down 1.2%
NYSE:TPR opened at $138.92 on Thursday. The company's 50 day moving average price is $142.16 and its 200-day moving average price is $134.53. Tapestry, Inc. has a 52 week low of $76.92 and a 52 week high of $161.97. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48. The stock has a market cap of $28.07 billion, a price-to-earnings ratio of 44.53, a PEG ratio of 1.43 and a beta of 1.45.
Tapestry (NYSE:TPR - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.36. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The firm had revenue of $1.92 billion for the quarter, compared to analysts' expectations of $1.79 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. The business's revenue for the quarter was up 21.2% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, equities research analysts forecast that Tapestry, Inc. will post 6.95 earnings per share for the current fiscal year.
Tapestry Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be issued a $0.40 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 1.2%. Tapestry's dividend payout ratio (DPR) is currently 51.28%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Tapestry from $142.00 to $165.00 and gave the stock an "overweight" rating in a report on Friday, February 6th. Robert W. Baird raised their target price on shares of Tapestry from $160.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, April 29th. Wall Street Zen upgraded shares of Tapestry from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 9th. Citigroup raised their target price on shares of Tapestry from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. Finally, Zacks Research upgraded shares of Tapestry from a "hold" rating to a "strong-buy" rating in a report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $160.67.
Get Our Latest Report on TPR
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Vestor Capital LLC boosted its stake in shares of Tapestry by 69.0% during the 1st quarter. Vestor Capital LLC now owns 507 shares of the luxury accessories retailer's stock worth $72,000 after acquiring an additional 207 shares during the last quarter. Groupe la Francaise purchased a new position in shares of Tapestry during the 1st quarter worth $10,430,000. Western Wealth Management LLC purchased a new position in shares of Tapestry during the 1st quarter worth $128,000. Bank of America Corp DE boosted its stake in shares of Tapestry by 9.3% during the 1st quarter. Bank of America Corp DE now owns 5,041,935 shares of the luxury accessories retailer's stock worth $711,467,000 after acquiring an additional 429,338 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its stake in shares of Tapestry by 84.0% during the 1st quarter. Edgestream Partners L.P. now owns 52,528 shares of the luxury accessories retailer's stock worth $7,412,000 after acquiring an additional 23,975 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company's stock.
About Tapestry
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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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