Delphi Management Inc. MA Sells 4,620 Shares of Tapestry, Inc. $TPR

Delphi Management Inc. MA reduced its position in shares of Tapestry, Inc. (NYSE:TPR) by 35.3% in the first quarter, HoldingsChannel.com reports. The firm owned 8,484 shares of the luxury accessories retailer’s stock after selling 4,620 shares during the period. Tapestry comprises 1.4% of Delphi Management Inc. MA’s investment portfolio, making the stock its 25th largest position. Delphi Management Inc. MA’s holdings in Tapestry were worth $1,197,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TPR. Smartleaf Asset Management LLC raised its position in Tapestry by 2.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,682 shares of the luxury accessories retailer’s stock valued at $477,000 after purchasing an additional 73 shares during the last quarter. Northwest Wealth Management LLC lifted its holdings in Tapestry by 3.4% in the 4th quarter. Northwest Wealth Management LLC now owns 2,462 shares of the luxury accessories retailer’s stock worth $315,000 after buying an additional 82 shares during the period. Fulton Bank N.A. grew its position in shares of Tapestry by 2.8% in the 4th quarter. Fulton Bank N.A. now owns 3,166 shares of the luxury accessories retailer’s stock worth $405,000 after buying an additional 87 shares during the last quarter. CVA Family Office LLC grew its position in shares of Tapestry by 23.4% in the 4th quarter. CVA Family Office LLC now owns 469 shares of the luxury accessories retailer’s stock worth $60,000 after buying an additional 89 shares during the last quarter. Finally, Clark Financial Services Group Inc. BD increased its stake in shares of Tapestry by 1.8% during the fourth quarter. Clark Financial Services Group Inc. BD now owns 5,701 shares of the luxury accessories retailer’s stock valued at $733,000 after buying an additional 103 shares during the period. 90.77% of the stock is owned by institutional investors.

Tapestry Trading Down 0.7%

NYSE TPR opened at $149.51 on Thursday. The firm has a market capitalization of $30.21 billion, a PE ratio of 47.92, a P/E/G ratio of 1.53 and a beta of 1.42. The stock’s 50 day moving average is $142.53 and its 200 day moving average is $139.92. Tapestry, Inc. has a twelve month low of $84.12 and a twelve 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) last posted its quarterly earnings data on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.36. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. Research analysts forecast that Tapestry, Inc. will post 6.95 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th 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, June 5th. Tapestry’s dividend payout ratio (DPR) is presently 51.28%.

Insider Activity

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,776 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 652,434 shares in the company, valued at approximately $86,701,954.26. This represents a 4.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 the company’s stock in a transaction dated Tuesday, May 26th. The stock was 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 owned 123,258 shares in the company, valued at approximately $17,258,585.16. This trade represents a 13.69% decrease in their position. The SEC filing for this sale provides additional information. 1.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TPR shares. Robert W. Baird upped their target price on Tapestry from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Raymond James Financial reiterated an “outperform” rating and issued a $165.00 price target on shares of Tapestry in a report on Thursday, April 23rd. Weiss Ratings downgraded shares of Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. UBS Group upped their price objective on shares of Tapestry from $187.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $180.00 target price on shares of Tapestry in a research report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $167.65.

About Tapestry

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.