Tapestry, Inc. $TPR Shares Sold by Cantor Fitzgerald Investment Advisors L.P.

Key Points

• Cantor Fitzgerald trimmed its stake in Tapestry by 89.9% in Q4, selling 66,412 shares and reducing its holding to 7,470 shares valued at $954,000.
• Insiders have been significant net sellers — CEO Joanne C. Crevoiserat sold 48,795 shares and another insider sold 9,166, with insiders offloading 164,956 shares worth $25.3M in the last 90 days (insiders now own 1.32%).
• Tapestry beat quarterly estimates with $2.69 EPS and $2.50B revenue, set FY26 guidance of roughly $6.40–$6.45 EPS, and analysts have lifted price targets (average target ≈ $151) supporting a Moderate Buy consensus.

Cantor Fitzgerald Investment Advisors L.P. trimmed its stake in shares of Tapestry, Inc. (NYSE:TPR - Free Report) by 89.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,470 shares of the luxury accessories retailer's stock after selling 66,412 shares during the period. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Tapestry were worth $954,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Venturi Wealth Management LLC purchased a new position in Tapestry during the fourth quarter worth approximately $221,000. Apollon Financial LLC purchased a new position in Tapestry during the fourth quarter worth approximately $245,000. Apollon Wealth Management LLC boosted its position in Tapestry by 19.9% during the fourth quarter. Apollon Wealth Management LLC now owns 5,552 shares of the luxury accessories retailer's stock worth $709,000 after purchasing an additional 922 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Tapestry during the fourth quarter worth approximately $357,000. Finally, OFI Invest Asset Management purchased a new position in Tapestry during the fourth quarter worth approximately $618,000. Hedge funds and other institutional investors own 90.77% of the company's stock.

Insider Activity

In related news, insider Denise Kulikowsky sold 9,166 shares of Tapestry stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the transaction, the insider owned 26,942 shares in the company, valued at approximately $4,192,714.04. This trade represents a 25.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Joanne C. Crevoiserat sold 48,795 shares of Tapestry stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total value of $7,556,881.65. Following the transaction, the chief executive officer owned 671,193 shares in the company, valued at approximately $103,947,659.91. The trade was a 6.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 164,956 shares of company stock valued at $25,297,262 in the last 90 days. 1.32% of the stock is owned by insiders.

Analyst Ratings Changes

TPR has been the topic of a number of recent analyst reports. Evercore increased their price target on Tapestry from $129.00 to $150.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 3rd. The Goldman Sachs Group set a $166.00 price target on Tapestry in a research report on Friday, February 6th. BTIG Research increased their price target on Tapestry from $140.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. BNP Paribas Exane initiated coverage on Tapestry in a research report on Friday, February 13th. They set an "outperform" rating and a $176.00 price target on the stock. Finally, Barclays set a $179.00 price target on Tapestry and gave the stock an "overweight" rating in a research report on Friday, February 6th. Two research 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 stock. According to MarketBeat, Tapestry has an average rating of "Moderate Buy" and an average target price of $151.06.

Tapestry Stock Performance

NYSE TPR opened at $150.19 on Friday. The company has a market cap of $30.41 billion, a PE ratio of 62.06, a price-to-earnings-growth ratio of 1.83 and a beta of 1.59. The stock's 50 day simple moving average is $147.04 and its 200-day simple moving average is $128.09. Tapestry, Inc. has a 1-year low of $61.60 and a 1-year high of $161.97. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 1.10.

Tapestry (NYSE:TPR - Get Free Report) last released its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.49. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, equities research analysts anticipate that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 6th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, March 6th. Tapestry's dividend payout ratio (DPR) is 66.12%.

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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