Retireful LLC Sells 6,125 Shares of Tapestry, Inc. $TPR

Key Points

• Retireful LLC reduced its holdings in Tapestry, Inc. by 33.3%, selling 6,125 shares and now owning 12,276 shares valued at approximately $1,078,000.
• Insider selling occurred with VP Manesh Dadlani and Director Alan Ka Ming Lau selling 7,882 and 11,320 shares respectively, showing significant decreases of 27.20% and 58.13% in their ownership.
• Analysts have updated their price targets for Tapestry, with Evercore ISI reducing their target from $130.00 to $125.00 while JPMorgan Chase & Co. increased theirs from $139.00 to $142.00, indicating a mix of optimistic and cautious views among analysts.

Retireful LLC decreased its holdings in shares of Tapestry, Inc. (NYSE:TPR - Free Report) by 33.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,276 shares of the luxury accessories retailer's stock after selling 6,125 shares during the quarter. Retireful LLC's holdings in Tapestry were worth $1,078,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TPR. Vise Technologies Inc. purchased a new position in Tapestry in the 4th quarter worth approximately $215,000. B. Riley Wealth Advisors Inc. purchased a new position in Tapestry in the fourth quarter worth $231,000. Jefferies Financial Group Inc. bought a new position in Tapestry in the fourth quarter valued at $562,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Tapestry during the fourth quarter valued at about $15,001,000. Finally, PKO Investment Management Joint Stock Co bought a new stake in Tapestry during the fourth quarter worth about $1,111,000. 90.77% of the stock is currently owned by institutional investors.

Insider Activity at Tapestry

In related news, VP Manesh Dadlani sold 7,882 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $99.05, for a total transaction of $780,712.10. Following the completion of the transaction, the vice president owned 21,098 shares in the company, valued at $2,089,756.90. This represents a 27.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan Ka Ming Lau sold 11,320 shares of Tapestry stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $106.19, for a total transaction of $1,202,070.80. Following the completion of the sale, the director owned 8,153 shares in the company, valued at approximately $865,767.07. This trade represents a 58.13% decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on TPR shares. Evercore ISI reduced their price objective on Tapestry from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Friday, August 15th. JPMorgan Chase & Co. upped their target price on Tapestry from $139.00 to $142.00 and gave the stock an "overweight" rating in a research note on Thursday, September 11th. Wells Fargo & Company lifted their price target on shares of Tapestry from $100.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Barclays boosted their price objective on shares of Tapestry from $111.00 to $127.00 and gave the stock an "overweight" rating in a report on Thursday, September 11th. Finally, Cowen reaffirmed a "buy" rating on shares of Tapestry in a report on Thursday, August 7th. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Tapestry has an average rating of "Moderate Buy" and a consensus price target of $106.47.

Tapestry Price Performance

Shares of Tapestry stock opened at $113.45 on Thursday. The company's fifty day simple moving average is $106.27 and its two-hundred day simple moving average is $87.23. Tapestry, Inc. has a 12-month low of $43.07 and a 12-month high of $117.00. The firm has a market cap of $23.61 billion, a PE ratio of 180.07, a price-to-earnings-growth ratio of 2.80 and a beta of 1.52. The company has a quick ratio of 1.31, a current ratio of 1.87 and a debt-to-equity ratio of 2.77.

Tapestry (NYSE:TPR - Get Free Report) last posted its earnings results on Thursday, August 14th. The luxury accessories retailer reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.02. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.67 billion. Tapestry had a net margin of 2.61% and a return on equity of 68.02%. Tapestry's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. Tapestry has set its FY 2026 guidance at 5.300-5.450 EPS. As a group, equities analysts expect that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, September 5th were given a $0.40 dividend. The ex-dividend date was Friday, September 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Tapestry's previous quarterly dividend of $0.35. Tapestry's dividend payout ratio is 253.97%.

Tapestry Company Profile

Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's handbags; and women's accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.

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