Wealth Enhancement Advisory Services LLC Sells 7,098 Shares of Tapestry, Inc. $TPR

Key Points

• Wealth Enhancement Advisory Services cut its Tapestry stake by 6.1%, selling 7,098 shares and now holds 109,566 shares valued at about $14.623 million.
• Significant insider selling — Director Thomas Greco sold 14,245 shares (~$2.20M) and Denise Kulikowsky sold 9,166 shares (~$1.43M), with insiders offloading 164,956 shares worth ~$25.3M over the past three months (insiders now own 1.32%).
• Strong quarterly results and guidance: Tapestry reported EPS of $2.69 vs. $2.20 expected and revenue of $2.50B vs. $2.29B, set FY2026 EPS guidance of 6.400–6.450, and has seen several analyst price-target increases (average target ≈ $151).

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Tapestry, Inc. (NYSE:TPR - Free Report) by 6.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 109,566 shares of the luxury accessories retailer's stock after selling 7,098 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.05% of Tapestry worth $14,623,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Cloud Capital Management LLC purchased a new position in Tapestry during the third quarter valued at approximately $26,000. Triumph Capital Management purchased a new stake in Tapestry during the third quarter worth $29,000. Johnson Financial Group Inc. bought a new stake in Tapestry during the 2nd quarter valued at $39,000. Larson Financial Group LLC boosted its position in Tapestry by 210.4% during the 3rd quarter. Larson Financial Group LLC now owns 388 shares of the luxury accessories retailer's stock valued at $44,000 after acquiring an additional 263 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of Tapestry in the 2nd quarter valued at $45,000. Institutional investors own 90.77% of the company's stock.

Insider Activity

In other Tapestry news, Director Thomas Greco sold 14,245 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The shares were 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 of the company's stock, valued at approximately $3,289,880.88. This trade represents a 40.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Denise Kulikowsky sold 9,166 shares of Tapestry stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total transaction of $1,426,412.92. Following the sale, the insider owned 26,942 shares of the company's stock, valued at approximately $4,192,714.04. The trade was a 25.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 164,956 shares of company stock valued at $25,297,262. 1.32% of the stock is owned by insiders.

Tapestry Trading Up 1.4%

Tapestry stock opened at $146.08 on Thursday. The stock has a 50-day moving average of $143.58 and a two-hundred day moving average of $125.33. 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 one year low of $58.39 and a one year high of $161.97. The stock has a market cap of $29.57 billion, a PE ratio of 60.36, a price-to-earnings-growth ratio of 1.73 and a beta of 1.55.

Tapestry (NYSE:TPR - Get Free Report) last issued its quarterly earnings results 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. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the previous year, the firm earned $2.00 earnings per share. The company's revenue was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, research analysts anticipate that Tapestry, Inc. will post 4.91 EPS for the current fiscal year.

Tapestry Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 6th were paid 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 presently 66.12%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TPR shares. Citigroup upped their price objective on Tapestry from $152.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, February 6th. Barclays set a $179.00 price target on shares of Tapestry and gave the company an "overweight" rating in a research report on Friday, February 6th. Evercore raised their price target on shares of Tapestry from $129.00 to $150.00 and gave the company an "outperform" rating in a report on Tuesday, February 3rd. Guggenheim assumed coverage on shares of Tapestry in a research note on Tuesday, December 9th. They set a "neutral" rating for the company. Finally, Zacks Research raised shares of Tapestry from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $151.06.

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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