Tapestry, Inc. $TPR Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lowered its position in shares of Tapestry, Inc. (NYSE:TPR) by 84.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,986 shares of the luxury accessories retailer’s stock after selling 64,710 shares during the period. Exchange Traded Concepts LLC’s holdings in Tapestry were worth $1,531,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Cloud Capital Management LLC purchased a new position in shares of Tapestry in the third quarter valued at $26,000. Triumph Capital Management purchased a new stake in Tapestry during the 3rd quarter worth $29,000. Larson Financial Group LLC increased its stake in Tapestry by 210.4% during the 3rd quarter. Larson Financial Group LLC now owns 388 shares of the luxury accessories retailer’s stock worth $44,000 after buying an additional 263 shares during the period. CVA Family Office LLC lifted its holdings in Tapestry by 23.4% in the 4th quarter. CVA Family Office LLC now owns 469 shares of the luxury accessories retailer’s stock worth $60,000 after buying an additional 89 shares in the last quarter. Finally, Wealth Watch Advisors INC purchased a new position in Tapestry in the 3rd quarter valued at about $54,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Tapestry Stock Up 2.3%

NYSE:TPR opened at $144.42 on Thursday. The company has a market capitalization of $29.24 billion, a price-to-earnings ratio of 59.68, a price-to-earnings-growth ratio of 1.69 and a beta of 1.59. Tapestry, Inc. has a one year low of $58.39 and a one year high of $161.97. The stock has a 50-day simple moving average of $144.51 and a 200 day simple moving average of $126.54. 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) 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 declared a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 6th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, March 6th. Tapestry’s dividend payout ratio is currently 66.12%.

Insider Buying and Selling at Tapestry

In related news, Director Thomas Greco sold 14,245 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total transaction of $2,199,997.80. Following the transaction, the director directly owned 21,302 shares in the company, valued at $3,289,880.88. This trade represents a 40.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anne Gates sold 6,498 shares of Tapestry stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $153.79, for a total transaction of $999,327.42. Following the completion of the transaction, the director directly owned 22,698 shares of the company’s stock, valued at approximately $3,490,725.42. This represents a 22.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 164,956 shares of company stock worth $25,297,262. 1.32% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TPR shares. Telsey Advisory Group lifted their target price on Tapestry to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Guggenheim assumed coverage on Tapestry in a report on Tuesday, December 9th. They issued a “neutral” rating for the company. Argus set a $165.00 price objective on Tapestry in a research note on Thursday, March 12th. Wells Fargo & Company upped their target price on Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Finally, Citigroup increased their target price on Tapestry from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.06.

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.