Oppenheimer Asset Management Inc. Sells 33,305 Shares of Tapestry, Inc. $TPR

Key Points

• Oppenheimer Asset Management cut its Tapestry stake by 59.5%, selling 33,305 shares and leaving it with 22,686 shares valued at about $2.90 million at quarter-end.
• Tapestry beat Q4 expectations with $2.69 EPS vs. $2.20 expected and $2.50B revenue vs. $2.29B, and set FY2026 guidance of $6.40–$6.45 EPS (consensus ~6.46).
• Insiders sold heavily last quarter (164,956 shares worth ~$25.3M), institutional ownership is high at 90.77%, and analysts maintain a consensus "Moderate Buy" with a $153.89 target.

Oppenheimer Asset Management Inc. reduced its position in Tapestry, Inc. (NYSE:TPR - Free Report) by 59.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,686 shares of the luxury accessories retailer's stock after selling 33,305 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Tapestry were worth $2,899,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Citizens Financial Group Inc. RI lifted its position in Tapestry by 9.0% during the fourth quarter. Citizens Financial Group Inc. RI now owns 3,272 shares of the luxury accessories retailer's stock valued at $418,000 after purchasing an additional 271 shares during the last quarter. Chapin Davis Inc. bought a new stake in Tapestry during the fourth quarter valued at approximately $534,000. Interchange Capital Partners LLC lifted its position in Tapestry by 19.1% during the fourth quarter. Interchange Capital Partners LLC now owns 5,253 shares of the luxury accessories retailer's stock valued at $671,000 after purchasing an additional 844 shares during the last quarter. Wealthfront Advisers LLC lifted its position in Tapestry by 0.4% during the fourth quarter. Wealthfront Advisers LLC now owns 49,425 shares of the luxury accessories retailer's stock valued at $6,315,000 after purchasing an additional 187 shares during the last quarter. Finally, Certuity LLC bought a new stake in Tapestry during the fourth quarter valued at approximately $268,000. 90.77% of the stock is currently owned by institutional investors.

Tapestry Trading Up 0.1%

Shares of TPR opened at $142.83 on Monday. The firm has a market cap of $28.92 billion, a price-to-earnings ratio of 59.02, a PEG ratio of 1.71 and a beta of 1.45. 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, Inc. has a fifty-two week low of $70.81 and a fifty-two week high of $161.97. The firm has a 50 day moving average price of $147.31 and a 200-day moving average price of $131.75.

Tapestry (NYSE:TPR - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, topping analysts' consensus estimates of $2.20 by $0.49. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The business's quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, equities research analysts forecast that Tapestry, Inc. will post 6.46 earnings per share for the current year.

Tapestry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 6th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, March 6th. Tapestry's payout ratio is presently 66.12%.

Insider Transactions at Tapestry

In related news, insider Denise Kulikowsky sold 9,166 shares of Tapestry stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total value of $1,426,412.92. Following the transaction, the insider directly owned 26,942 shares of the company's stock, valued at $4,192,714.04. The trade was a 25.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas Greco sold 14,245 shares of Tapestry 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 completion of the transaction, the director directly owned 21,302 shares in the company, valued at approximately $3,289,880.88. The trade was a 40.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 164,956 shares of company stock worth $25,297,262. Corporate insiders own 1.32% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Evercore lifted their target price on shares of Tapestry from $129.00 to $150.00 and gave the company an "outperform" rating in a research report on Tuesday, February 3rd. Barclays set a $179.00 target price on shares of Tapestry and gave the company an "overweight" rating in a research report on Friday, February 6th. BNP Paribas Exane assumed coverage on shares of Tapestry in a research report on Friday, February 13th. They set an "outperform" rating and a $176.00 target price for the company. UBS Group lifted their target price on shares of Tapestry from $141.00 to $142.00 and gave the company a "neutral" rating in a research report on Thursday, April 23rd. Finally, Raymond James Financial reiterated an "outperform" rating and set a $165.00 target price on shares of Tapestry in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $153.89.

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.

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