WT Asset Management Ltd Sells 753,818 Shares of Tapestry, Inc. $TPR

Key Points

• WT Asset Management cut its Tapestry stake by 93.8%, selling 753,818 shares in Q4 and retaining 50,000 shares worth about $6.39 million.
• Insiders have been net sellers: CFO Scott Roe sold 44,290 shares (~$6.76M) and CEO Joanne Crevoiserat sold 48,795 shares (~$7.56M), with insiders offloading 164,956 shares (~$25.3M) over the past three months (insider ownership 1.32%).
• Tapestry beat quarterly estimates (EPS $2.69 vs $2.20; revenue $2.50B vs $2.29B), issued FY2026 guidance of $6.40–$6.45 EPS, and carries a consensus "Moderate Buy" rating with a $153.33 average price target.

WT Asset Management Ltd reduced its position in Tapestry, Inc. (NYSE:TPR - Free Report) by 93.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,000 shares of the luxury accessories retailer's stock after selling 753,818 shares during the quarter. WT Asset Management Ltd's holdings in Tapestry were worth $6,388,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Citizens & Northern Corp bought a new stake in shares of Tapestry in the 4th quarter valued at $1,071,000. Geneos Wealth Management Inc. boosted its stake in shares of Tapestry by 1,509.1% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,239 shares of the luxury accessories retailer's stock valued at $158,000 after purchasing an additional 1,162 shares during the last quarter. OLD National Bancorp IN bought a new stake in shares of Tapestry in the 4th quarter valued at $207,000. B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Tapestry by 40.6% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 7,656 shares of the luxury accessories retailer's stock valued at $978,000 after purchasing an additional 2,211 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of Tapestry by 105.1% in the 4th quarter. Teacher Retirement System of Texas now owns 256,169 shares of the luxury accessories retailer's stock valued at $32,731,000 after purchasing an additional 131,242 shares during the last quarter. 90.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Telsey Advisory Group upped their price objective on shares of Tapestry to $150.00 and gave the company an "outperform" rating in a research note on Thursday, February 5th. Jefferies Financial Group lowered shares of Tapestry from a "buy" rating to a "hold" rating and reduced their price objective for the company from $142.00 to $138.00 in a research note on Wednesday, January 14th. Argus set a $165.00 target price on shares of Tapestry in a research report on Thursday, March 12th. Citigroup boosted their target price on shares of Tapestry from $152.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, February 6th. Finally, Robert W. Baird set a $160.00 target price on shares of Tapestry in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $153.33.

Insider Activity

In related news, CFO Scott A. Roe sold 44,290 shares of Tapestry stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $152.62, for a total value of $6,759,539.80. Following the transaction, the chief financial officer directly owned 139,128 shares of the company's stock, valued at $21,233,715.36. The trade was a 24.15% 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, CEO Joanne C. Crevoiserat sold 48,795 shares of Tapestry stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $154.87, for a total transaction of $7,556,881.65. Following the completion of the transaction, the chief executive officer directly owned 671,193 shares in the company, valued at approximately $103,947,659.91. The trade was a 6.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 currently owned by corporate insiders.

Tapestry Stock Performance

Shares of TPR stock opened at $145.90 on Friday. The firm has a 50-day moving average of $148.07 and a 200-day moving average of $130.66. The company has a market cap of $29.54 billion, a P/E ratio of 60.29, a P/E/G ratio of 1.76 and a beta of 1.59. 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, Inc. has a one year low of $67.22 and a one year high of $161.97.

Tapestry (NYSE:TPR - Get Free Report) last announced its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 EPS for the quarter, beating the consensus estimate of $2.20 by $0.49. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The firm's revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Equities research analysts forecast that Tapestry, Inc. will post 6.45 EPS for the current fiscal year.

Tapestry Dividend Announcement

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

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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