Tapestry, Inc. (NYSE:TPR – Get Free Report) insider Denise Kulikowsky sold 11,244 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $135.04, for a total value of $1,518,389.76. Following the completion of the transaction, the insider owned 15,721 shares in the company, valued at $2,122,963.84. The trade was a 41.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Denise Kulikowsky also recently made the following trade(s):
- On Wednesday, September 9th, Denise Kulikowsky sold 5,810 shares of Tapestry stock. The stock was sold at an average price of $115.38, for a total transaction of $670,357.80.
Tapestry Trading Down 1.9%
TPR opened at $133.04 on Thursday. The stock has a market capitalization of $26.15 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 1.54 and a beta of 1.44. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 5.70. Tapestry, Inc. has a twelve month low of $99.00 and a twelve month high of $164.80. The company has a 50-day simple moving average of $118.10 and a 200 day simple moving average of $137.02.
Tapestry (NYSE:TPR – Get Free Report) last released its earnings results on Thursday, November 5th. The luxury accessories retailer reported $1.82 EPS for the quarter, beating the consensus estimate of $1.56 by $0.26. Tapestry had a net margin of 19.68% and a return on equity of 274.20%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the firm earned $1.38 EPS. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. Analysts predict that Tapestry, Inc. will post 8.30 EPS for the current fiscal year.
Tapestry Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Friday, December 4th will be issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, December 4th. Tapestry’s dividend payout ratio is 23.81%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on TPR shares. Wall Street Zen cut shares of Tapestry from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings upgraded shares of Tapestry from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. BNP Paribas Exane upped their target price on Tapestry from $185.00 to $187.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Robert W. Baird reduced their target price on Tapestry from $165.00 to $150.00 and set an “outperform” rating on the stock in a report on Tuesday, October 27th. Finally, JPMorgan Chase & Co. raised their target price on Tapestry from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Tapestry presently has an average rating of “Moderate Buy” and a consensus target price of $167.26.
Get Our Latest Stock Report on Tapestry
Key Stories Impacting Tapestry
Investors following TPR have been watching these stories:
- Positive Sentiment: Cantor Fitzgerald initiated coverage with an Overweight rating and a $159 price target, signaling confidence in Tapestry’s prospects. Cantor Fitzgerald coverage
- Positive Sentiment: A report pointed to Coach’s pricing power, Gen Z demand, international expansion, handbag sales and product innovation as growth drivers. Tapestry’s latest reported quarter also beat analyst expectations for EPS and revenue, with sales up 11.1% year over year. Coach growth report
- Negative Sentiment: Three insiders—including CEO Todd Kahn—sold a combined 52,432 shares for approximately $7.1 million in transactions on November 9. The sales reduced their individual holdings and may raise concerns about insider sentiment, though the filings do not state the reasons for the sales. CEO SEC filing Kulikowsky SEC filing Howard SEC filing
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. World Investment Advisors boosted its stake in shares of Tapestry by 3.6% in the 1st quarter. World Investment Advisors now owns 1,979 shares of the luxury accessories retailer’s stock valued at $279,000 after purchasing an additional 69 shares in the last quarter. Eastern Bank increased its position in Tapestry by 24.4% during the 2nd quarter. Eastern Bank now owns 392 shares of the luxury accessories retailer’s stock worth $57,000 after purchasing an additional 77 shares in the last quarter. NewEdge Wealth LLC increased its position in Tapestry by 2.7% during the 1st quarter. NewEdge Wealth LLC now owns 3,186 shares of the luxury accessories retailer’s stock worth $450,000 after purchasing an additional 85 shares in the last quarter. Ashton Thomas Securities LLC lifted its stake in Tapestry by 4.7% in the 1st quarter. Ashton Thomas Securities LLC now owns 2,002 shares of the luxury accessories retailer’s stock valued at $283,000 after purchasing an additional 90 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in Tapestry by 0.6% in the 3rd quarter. Allworth Financial LP now owns 15,429 shares of the luxury accessories retailer’s stock valued at $1,775,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.
About Tapestry
Tapestry, Inc. is a global fashion company whose portfolio includes Coach and Kate Spade New York. The company designs and sells handbags, accessories, footwear, apparel, jewelry and other lifestyle products through retail stores, e-commerce and wholesale partners. Based in New York, Tapestry serves customers in North America and international markets, including Asia and Europe. Its brands reach consumers through company-operated stores and digital channels as well as select department stores and other retail partners.
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