Tapestry, Inc. (NYSE:TPR – Get Free Report) insider Denise Kulikowsky sold 5,810 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $115.38, for a total value of $670,357.80. Following the completion of the transaction, the insider owned 21,136 shares in the company, valued at $2,438,671.68. The trade was a 21.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Tapestry Stock Up 2.0%
Shares of TPR opened at $116.03 on Friday. The business’s 50 day moving average is $138.46 and its 200 day moving average is $142.27. The company has a market capitalization of $23.13 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. Tapestry, Inc. has a 12-month low of $93.00 and a 12-month high of $164.80. The company has a current ratio of 1.75, a quick ratio of 1.25 and a debt-to-equity ratio of 3.44.
Tapestry (NYSE:TPR – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The luxury accessories retailer reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. Tapestry had a return on equity of 254.95% and a net margin of 19.09%.The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm earned $1.04 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. Research analysts expect that Tapestry, Inc. will post 7.94 earnings per share for the current fiscal year.
Tapestry Increases Dividend
Analyst Ratings Changes
Several research firms recently weighed in on TPR. BTIG Research cut their target price on shares of Tapestry from $180.00 to $175.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Barclays boosted their price target on shares of Tapestry from $182.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, August 14th. Weiss Ratings raised shares of Tapestry from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, August 14th. UBS Group restated a “buy” rating on shares of Tapestry in a research report on Tuesday. Finally, Wall Street Zen cut Tapestry from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Tapestry has a consensus rating of “Moderate Buy” and a consensus price target of $175.12.
View Our Latest Analysis on Tapestry
Institutional Investors Weigh In On Tapestry
Large investors have recently bought and sold shares of the business. Tidal Investments LLC raised its stake in Tapestry by 14.7% during the second quarter. Tidal Investments LLC now owns 67,741 shares of the luxury accessories retailer’s stock valued at $9,916,000 after purchasing an additional 8,656 shares in the last quarter. Engineers Gate Manager LP grew its stake in shares of Tapestry by 557.7% in the 2nd quarter. Engineers Gate Manager LP now owns 472,467 shares of the luxury accessories retailer’s stock worth $69,160,000 after buying an additional 400,628 shares in the last quarter. Capital Analysts LLC increased its holdings in shares of Tapestry by 21.4% in the 2nd quarter. Capital Analysts LLC now owns 1,408 shares of the luxury accessories retailer’s stock worth $206,000 after buying an additional 248 shares during the last quarter. SVB Wealth LLC increased its holdings in shares of Tapestry by 7.7% in the 2nd quarter. SVB Wealth LLC now owns 1,528 shares of the luxury accessories retailer’s stock worth $224,000 after buying an additional 109 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Tapestry by 15.8% during the 2nd quarter. NewEdge Advisors LLC now owns 80,827 shares of the luxury accessories retailer’s stock valued at $11,832,000 after buying an additional 11,010 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.
Tapestry Company Profile
Tapestry, Inc is a global house of modern luxury accessories and lifestyle brands. Its portfolio includes Coach, known for handbags, leather goods, footwear, apparel, jewelry, watches, and fragrance; Kate Spade New York, which offers handbags, accessories, apparel, footwear, jewelry, home products, and fragrance; and Stuart Weitzman, a designer of women’s luxury footwear.
The company sells its products through directly operated stores, e-commerce platforms, wholesale partners, and specialty retailers.
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