Tapestry (NYSE:TPR) Director Thomas Greco Sells 14,245 Shares of Stock

Tapestry, Inc. (NYSE:TPR) Director Thomas Greco sold 14,245 shares of the firm’s stock in a transaction 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 sale, the director owned 21,302 shares in the company, valued at $3,289,880.88. The trade was a 40.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Tapestry Price Performance

Shares of NYSE:TPR traded up $1.10 during trading on Wednesday, hitting $154.95. 1,610,726 shares of the company’s stock were exchanged, compared to its average volume of 2,507,854. The business’s 50-day simple moving average is $132.93 and its 200 day simple moving average is $117.25. The company has a market cap of $31.37 billion, a price-to-earnings ratio of 64.03, a PEG ratio of 1.89 and a beta of 1.63. Tapestry, Inc. has a 52-week low of $58.39 and a 52-week high of $158.28. 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 (NYSE:TPR) last posted its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share 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 analysts’ expectations of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. Tapestry’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the company posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, equities analysts predict that Tapestry, Inc. will post 4.91 EPS for the current year.

Tapestry announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 6th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the luxury accessories retailer to purchase up to 4.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Tapestry Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s payout ratio is presently 66.12%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TPR. Zacks Research raised Tapestry from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Citigroup boosted their price objective 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. TD Cowen reissued a “buy” rating on shares of Tapestry in a research note on Tuesday, February 10th. The Goldman Sachs Group set a $166.00 price target on shares of Tapestry in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Tapestry from $147.00 to $148.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Tapestry has an average rating of “Moderate Buy” and a consensus target price of $147.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acumen Wealth Advisors LLC purchased a new position in shares of Tapestry during the fourth quarter valued at $28,000. Steph & Co. lifted its position in shares of Tapestry by 128.7% in 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 during the period. Cloud Capital Management LLC bought a new position in shares of Tapestry during the third quarter valued at approximately $26,000. Flagship Harbor Advisors LLC purchased a new position in Tapestry during the fourth quarter valued at approximately $31,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in Tapestry during the fourth quarter worth $32,000. Institutional investors own 90.77% of the company’s stock.

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.