Tapestry, Inc. $TPR Shares Sold by Silvant Capital Management LLC

Silvant Capital Management LLC lessened its stake in shares of Tapestry, Inc. (NYSE:TPR) by 31.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 33,941 shares of the luxury accessories retailer’s stock after selling 15,566 shares during the quarter. Silvant Capital Management LLC’s holdings in Tapestry were worth $3,843,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cloud Capital Management LLC purchased a new position in shares of Tapestry in the 3rd quarter valued at $26,000. Vestor Capital LLC purchased a new stake in Tapestry in the second quarter valued at $27,000. Johnson Financial Group Inc. purchased a new stake in Tapestry in the second quarter valued at $39,000. SJS Investment Consulting Inc. boosted its stake in Tapestry by 2,171.4% in the third quarter. SJS Investment Consulting Inc. now owns 477 shares of the luxury accessories retailer’s stock valued at $54,000 after acquiring an additional 456 shares in the last quarter. Finally, Whittier Trust Co. boosted its stake in Tapestry by 53.2% in the third quarter. Whittier Trust Co. now owns 478 shares of the luxury accessories retailer’s stock valued at $55,000 after acquiring an additional 166 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analysts Set New Price Targets

TPR has been the topic of a number of research analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and set a $170.00 target price on shares of Tapestry in a research report on Friday, February 6th. BTIG Research upped their target price on Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Wells Fargo & Company raised their price target on Tapestry from $142.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Guggenheim assumed coverage on Tapestry in a research report on Tuesday, December 9th. They set a “neutral” rating on the stock. Finally, Citigroup boosted their price objective on Tapestry from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Tapestry presently has an average rating of “Moderate Buy” and a consensus target price of $147.00.

Insider Transactions at Tapestry

In related news, Director Thomas Greco sold 14,245 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total transaction of $2,199,997.80. Following the transaction, the director owned 21,302 shares of the company’s stock, valued at $3,289,880.88. This represents a 40.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Denise Kulikowsky sold 9,166 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $155.62, for a total value of $1,426,412.92. Following the completion of the transaction, the insider owned 26,942 shares of the company’s stock, valued at $4,192,714.04. The trade was a 25.38% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 164,956 shares of company stock valued at $25,297,262. 1.32% of the stock is owned by company insiders.

Tapestry Stock Up 1.9%

TPR stock opened at $148.20 on Wednesday. The stock has a market capitalization of $30.00 billion, a PE ratio of 61.24, a price-to-earnings-growth ratio of 1.74 and a beta of 1.55. The company has a fifty day moving average of $141.06 and a 200-day moving average of $122.34. 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.

Tapestry (NYSE:TPR) last posted its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.49. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the prior year, the company posted $2.00 earnings per share. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, analysts expect that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s dividend payout ratio (DPR) is currently 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.