Tapestry, Inc. $TPR Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in shares of Tapestry, Inc. (NYSE:TPR) by 16.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,976 shares of the luxury accessories retailer’s stock after selling 9,753 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Tapestry were worth $5,545,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. grew its holdings in shares of Tapestry by 21.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 3,212 shares of the luxury accessories retailer’s stock worth $364,000 after acquiring an additional 561 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Tapestry by 305.8% in the 3rd quarter. SG Americas Securities LLC now owns 37,332 shares of the luxury accessories retailer’s stock valued at $4,227,000 after purchasing an additional 28,133 shares during the period. HB Wealth Management LLC boosted its position in shares of Tapestry by 59.9% in the 3rd quarter. HB Wealth Management LLC now owns 11,807 shares of the luxury accessories retailer’s stock valued at $1,337,000 after purchasing an additional 4,425 shares during the period. Texas Bank & Trust Co increased its stake in Tapestry by 61.0% in the 3rd quarter. Texas Bank & Trust Co now owns 5,410 shares of the luxury accessories retailer’s stock worth $613,000 after purchasing an additional 2,050 shares in the last quarter. Finally, Childress Capital Advisors LLC acquired a new stake in Tapestry during the 3rd quarter worth about $224,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on TPR. Telsey Advisory Group reiterated an “outperform” rating and issued a $150.00 target price on shares of Tapestry in a report on Wednesday, December 17th. Jefferies Financial Group lifted their price objective on shares of Tapestry from $135.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. BTIG Research began coverage on Tapestry in a report on Tuesday, October 14th. They issued a “buy” rating and a $140.00 target price for the company. Raymond James Financial raised their target price on Tapestry from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Finally, JPMorgan Chase & Co. upped their price target on Tapestry from $147.00 to $148.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $126.21.

Tapestry Price Performance

TPR opened at $134.43 on Monday. The stock has a fifty day moving average price of $116.74 and a 200 day moving average price of $110.01. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 5.95. Tapestry, Inc. has a 1 year low of $58.39 and a 1 year high of $136.04. The stock has a market cap of $27.51 billion, a price-to-earnings ratio of 120.03, a PEG ratio of 2.76 and a beta of 1.63.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.13. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.63 billion. Tapestry had a return on equity of 116.42% and a net margin of 3.77%.The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the business earned $0.84 EPS. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. Analysts forecast that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, December 5th. Tapestry’s payout ratio is currently 142.86%.

Tapestry announced that its board has authorized a stock buyback program on Thursday, November 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the luxury accessories retailer to purchase up to 4.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Denise Kulikowsky sold 583 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $115.17, for a total value of $67,144.11. Following the completion of the sale, the insider directly owned 19,285 shares in the company, valued at approximately $2,221,053.45. This represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Todd Kahn sold 10,344 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $107.00, for a total transaction of $1,106,808.00. Following the transaction, the chief executive officer directly owned 131,815 shares in the company, valued at $14,104,205. The trade was a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 115,485 shares of company stock valued at $12,034,058. 1.32% of the stock is owned by company insiders.

Tapestry Company Profile

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.