Tapestry, Inc. $TPR Shares Sold by Kestra Investment Management LLC

Key Points

• Kestra Investment Management LLC cut its Tapestry stake by 85.1% in the fourth quarter, selling 31,164 shares and leaving it with 5,446 shares valued at about $696,000.
• Tapestry reported strong quarterly results, with EPS of $1.66 beating estimates and revenue of $1.92 billion topping forecasts; the company also reaffirmed FY 2026 EPS guidance of 6.95.
• The company announced a quarterly dividend of $0.40 per share, while analysts remain broadly positive with a consensus rating of Moderate Buy and an average price target of $160.67.

Kestra Investment Management LLC decreased its holdings in Tapestry, Inc. (NYSE:TPR - Free Report) by 85.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,446 shares of the luxury accessories retailer's stock after selling 31,164 shares during the quarter. Kestra Investment Management LLC's holdings in Tapestry were worth $696,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TPR. Cloud Capital Management LLC purchased a new position in Tapestry during the 3rd quarter worth approximately $26,000. Triumph Capital Management purchased a new position in Tapestry during the 3rd quarter worth approximately $29,000. Steph & Co. grew its position in Tapestry by 128.7% during the 4th quarter. Steph & Co. now owns 231 shares of the luxury accessories retailer's stock worth $30,000 after purchasing an additional 130 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Tapestry during the 4th quarter worth approximately $31,000. Finally, Cornerstone Planning Group LLC grew its position in Tapestry by 2,720.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 282 shares of the luxury accessories retailer's stock worth $36,000 after purchasing an additional 272 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company's stock.

Tapestry Trading Down 1.2%

Shares of NYSE:TPR opened at $138.92 on Thursday. The firm has a fifty day moving average of $142.16 and a two-hundred day moving average of $134.53. The firm has a market capitalization of $28.07 billion, a P/E ratio of 44.53, a price-to-earnings-growth ratio of 1.43 and a beta of 1.45. Tapestry, Inc. has a 12-month low of $76.92 and a 12-month high of $161.97. The company has a quick ratio of 1.27, a current ratio of 1.84 and a debt-to-equity ratio of 3.48.

Tapestry (NYSE:TPR - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.36. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the business earned $1.03 EPS. Tapestry's quarterly revenue was up 21.2% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, equities analysts expect that Tapestry, Inc. will post 6.95 EPS for the current fiscal year.

Tapestry Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, June 5th. Tapestry's payout ratio is presently 51.28%.

Insider Buying and Selling at Tapestry

In related news, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total value of $3,691,152.64. Following the completion of the sale, the chief executive officer owned 652,434 shares of the company's stock, valued at approximately $86,701,954.26. The trade was a 4.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the completion of the sale, the chief executive officer directly owned 123,258 shares of the company's stock, valued at approximately $17,258,585.16. The trade was a 13.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TPR has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Tapestry from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Friday, May 8th. Raymond James Financial reiterated an "outperform" rating and set a $165.00 price objective on shares of Tapestry in a research report on Thursday, April 23rd. Wall Street Zen upgraded shares of Tapestry from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 9th. UBS Group upgraded shares of Tapestry from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $142.00 to $187.00 in a research report on Friday, May 8th. Finally, Wells Fargo & Company lifted their price objective on shares of Tapestry from $142.00 to $165.00 and gave the stock an "overweight" rating in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $160.67.

Tapestry 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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