Silvant Capital Management LLC Trims Holdings in Tapestry, Inc. $TPR

Silvant Capital Management LLC trimmed its position in Tapestry, Inc. (NYSE:TPR) by 31.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,941 shares of the luxury accessories retailer’s stock after selling 15,566 shares during the period. Silvant Capital Management LLC’s holdings in Tapestry were worth $3,843,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TPR. Woodline Partners LP boosted its holdings in shares of Tapestry by 25.0% in the 1st quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock worth $1,231,000 after purchasing an additional 3,495 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Tapestry during the 1st quarter valued at about $493,000. Sivia Capital Partners LLC purchased a new position in shares of Tapestry during the 2nd quarter valued at about $602,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Tapestry by 7.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 50,937 shares of the luxury accessories retailer’s stock worth $4,473,000 after buying an additional 3,595 shares during the last quarter. Finally, Creative Planning boosted its stake in Tapestry by 14.4% in the second quarter. Creative Planning now owns 36,500 shares of the luxury accessories retailer’s stock worth $3,205,000 after buying an additional 4,584 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on TPR shares. Zacks Research raised Tapestry from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Wall Street Zen upgraded shares of Tapestry from a “buy” rating to a “strong-buy” rating in a report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tapestry in a research note on Wednesday, January 21st. Barclays set a $179.00 price target on shares of Tapestry and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, Wells Fargo & Company increased their price target on shares of Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.06.

Insider Activity at Tapestry

In related news, insider Denise Kulikowsky sold 9,166 shares of Tapestry stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $155.62, for a total value of $1,426,412.92. Following the completion of the sale, the insider owned 26,942 shares of the company’s stock, valued at $4,192,714.04. The trade was a 25.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas Greco sold 14,245 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $154.44, for a total value of $2,199,997.80. Following the completion of the transaction, the director directly owned 21,302 shares in the company, valued at approximately $3,289,880.88. This represents a 40.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 164,956 shares of company stock valued at $25,297,262 over the last quarter. 1.32% of the stock is owned by company insiders.

Tapestry Stock Performance

Tapestry stock opened at $143.27 on Wednesday. The stock’s 50 day moving average is $142.43 and its 200 day moving average is $123.82. The company has a market capitalization of $29.01 billion, a P/E ratio of 59.20, a PEG ratio of 1.70 and a beta of 1.55. Tapestry, Inc. has a twelve month low of $58.39 and a twelve month high of $161.97. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32.

Tapestry (NYSE:TPR) last issued its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.49. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. On average, equities research analysts predict that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Tapestry’s payout ratio is 66.12%.

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.