Thomas Greco Sells 14,245 Shares of Tapestry (NYSE:TPR) Stock

Tapestry, Inc. (NYSE:TPR) Director Thomas Greco sold 14,245 shares of the business’s stock in a transaction dated 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 sale, 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 filing with the Securities & Exchange Commission, which is available at the SEC website.

Tapestry Price Performance

NYSE:TPR opened at $152.25 on Friday. Tapestry, Inc. has a 52-week low of $58.39 and a 52-week high of $158.28. The company has a market cap of $30.82 billion, a P/E ratio of 62.91, a P/E/G ratio of 1.90 and a beta of 1.63. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.10 and a current ratio of 1.63. The stock’s 50-day simple moving average is $134.25 and its 200 day simple moving average is $117.75.

Tapestry (NYSE:TPR) last issued its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, beating the consensus estimate of $2.20 by $0.49. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, sell-side analysts forecast that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry declared that its Board of Directors has approved a share repurchase plan on Thursday, November 6th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the luxury accessories retailer to buy up to 4.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Tapestry Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is currently 66.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TPR shares. JPMorgan Chase & Co. raised their target price on shares of Tapestry from $147.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Morgan Stanley raised their price objective on Tapestry from $124.00 to $126.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Wall Street Zen downgraded Tapestry from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Argus upgraded Tapestry to a “strong-buy” rating in a research note on Friday, January 16th. Finally, Jefferies Financial Group cut shares of Tapestry from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $142.00 to $138.00 in a research report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

Hedge Funds Weigh In On Tapestry

A number of hedge funds have recently bought and sold shares of TPR. Woodline Partners LP grew its position in shares of Tapestry by 25.0% during the 1st quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock worth $1,231,000 after purchasing an additional 3,495 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Tapestry in the first quarter valued at approximately $493,000. Sivia Capital Partners LLC acquired a new stake in Tapestry during the second quarter worth approximately $602,000. Sequoia Financial Advisors LLC bought a new position in Tapestry during the 2nd quarter worth $227,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Tapestry in the 2nd quarter valued at $4,297,000. 90.77% of the stock is owned by institutional investors.

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.