Kestra Investment Management LLC Sells 31,164 Shares of Tapestry, Inc. $TPR

Kestra Investment Management LLC lessened its position in Tapestry, Inc. (NYSE:TPR) by 85.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,446 shares of the luxury accessories retailer’s stock after selling 31,164 shares during the quarter. Kestra Investment Management LLC’s holdings in Tapestry were worth $696,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TPR. Cloud Capital Management LLC bought a new position in Tapestry in the 3rd quarter worth $26,000. Triumph Capital Management bought a new position in Tapestry in the 3rd quarter worth $29,000. Steph & Co. raised its holdings in 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 acquiring an additional 130 shares during the period. Flagship Harbor Advisors LLC bought a new position in Tapestry in the 4th quarter worth $31,000. Finally, Cornerstone Planning Group LLC raised its holdings in Tapestry by 2,720.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 282 shares of the luxury accessories retailer’s stock worth $36,000 after acquiring an additional 272 shares during the period. Institutional investors own 90.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on TPR. TD Cowen reiterated a “buy” rating on shares of Tapestry in a report on Tuesday, February 10th. The Goldman Sachs Group set a $166.00 target price on shares of Tapestry in a report on Friday, February 6th. UBS Group upgraded shares of Tapestry from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $142.00 to $187.00 in a report on Friday, May 8th. Sanford C. Bernstein restated an “outperform” rating and set a $170.00 price objective on shares of Tapestry in a report on Friday, February 6th. Finally, Weiss Ratings downgraded shares of Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. 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 data from MarketBeat.com, Tapestry has a consensus rating of “Moderate Buy” and an average target price of $160.67.

Insider Transactions at Tapestry

In other Tapestry news, CEO Todd Kahn sold 19,557 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total value of $2,738,371.14. Following the transaction, the chief executive officer directly owned 123,258 shares in the company, valued at $17,258,585.16. The trade was a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the completion of the transaction, the chief executive officer owned 652,434 shares in the company, valued at approximately $86,701,954.26. This trade represents a 4.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is owned by insiders.

Tapestry Stock Performance

NYSE TPR opened at $138.92 on Thursday. The stock has a market cap of $28.07 billion, a P/E ratio of 44.53, a PEG ratio of 1.43 and a beta of 1.45. The company’s 50-day simple moving average is $142.16 and its 200 day simple moving average is $134.53. Tapestry, Inc. has a twelve month low of $76.92 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 earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.36. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Tapestry had a net margin of 8.44% and a return on equity of 229.70%. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, research analysts forecast that Tapestry, Inc. will post 6.95 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be given a $0.40 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Tapestry’s payout ratio is 51.28%.

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.