Tapestry, Inc. $TPR Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. trimmed its position in Tapestry, Inc. (NYSE:TPR) by 19.1% in the fourth quarter, Holdings Channel reports. The firm owned 53,449 shares of the luxury accessories retailer’s stock after selling 12,600 shares during the quarter. Hantz Financial Services Inc.’s holdings in Tapestry were worth $6,829,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Northwest Wealth Management LLC lifted its holdings in Tapestry by 3.4% in the fourth quarter. Northwest Wealth Management LLC now owns 2,462 shares of the luxury accessories retailer’s stock worth $315,000 after acquiring an additional 82 shares during the last quarter. Fulton Bank N.A. lifted its holdings in Tapestry by 2.8% in the fourth quarter. Fulton Bank N.A. now owns 3,166 shares of the luxury accessories retailer’s stock worth $405,000 after acquiring an additional 87 shares during the last quarter. CVA Family Office LLC lifted its holdings in Tapestry by 23.4% in the fourth quarter. CVA Family Office LLC now owns 469 shares of the luxury accessories retailer’s stock worth $60,000 after acquiring an additional 89 shares during the last quarter. Clark Financial Services Group Inc. BD lifted its holdings in Tapestry by 1.8% in the fourth quarter. Clark Financial Services Group Inc. BD now owns 5,701 shares of the luxury accessories retailer’s stock worth $733,000 after acquiring an additional 103 shares during the last quarter. Finally, Essex Financial Services Inc. lifted its holdings in Tapestry by 3.5% in the third quarter. Essex Financial Services Inc. now owns 3,324 shares of the luxury accessories retailer’s stock worth $376,000 after acquiring an additional 113 shares during the last quarter. Institutional investors own 90.77% of the company’s stock.

Insider Buying and Selling

In related news, CEO Joanne C. Crevoiserat sold 27,776 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $132.89, for a total transaction of $3,691,152.64. Following the sale, the chief executive officer owned 652,434 shares of the company’s stock, valued at $86,701,954.26. The trade was a 4.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TPR shares. Argus set a $165.00 target price on shares of Tapestry in a report on Thursday, March 12th. TD Cowen reissued a “buy” rating on shares of Tapestry in a report on Tuesday, February 10th. Wells Fargo & Company raised their target price on shares of Tapestry from $142.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Barclays set a $179.00 target price on shares of Tapestry and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $165.00 target price on shares of Tapestry in a report on Thursday, April 23rd. 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $160.67.

Tapestry Stock Performance

TPR opened at $138.65 on Tuesday. The business’s 50 day moving average is $142.25 and its 200-day moving average is $134.03. The stock has a market cap of $28.01 billion, a PE ratio of 44.44, a price-to-earnings-growth ratio of 1.41 and a beta of 1.45. The company has a current ratio of 1.84, a quick ratio of 1.27 and a debt-to-equity ratio of 3.48. Tapestry, Inc. has a twelve month low of $76.29 and a twelve month high of $161.97.

Tapestry (NYSE:TPR) last released its quarterly 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 company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, analysts predict that Tapestry, Inc. will post 6.95 earnings per share for the current year.

Tapestry Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 1.2%. Tapestry’s payout ratio is presently 51.28%.

About Tapestry

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.