State of Wyoming Sells 3,772 Shares of Tapestry, Inc. $TPR

State of Wyoming trimmed its holdings in Tapestry, Inc. (NYSE:TPR) by 47.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,161 shares of the luxury accessories retailer’s stock after selling 3,772 shares during the quarter. State of Wyoming’s holdings in Tapestry were worth $532,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of TPR. Woodline Partners LP raised its holdings in shares of Tapestry by 25.0% in the first quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock worth $1,231,000 after buying an additional 3,495 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Tapestry in the first quarter worth approximately $493,000. Sivia Capital Partners LLC purchased a new stake in shares of Tapestry in the second quarter worth approximately $602,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Tapestry in the second quarter worth approximately $6,307,000. Finally, Brown Advisory Inc. raised its holdings in shares of Tapestry by 13.8% in the second quarter. Brown Advisory Inc. now owns 3,630 shares of the luxury accessories retailer’s stock worth $319,000 after buying an additional 439 shares during the period. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Tapestry Trading Down 0.4%

Shares of NYSE:TPR opened at $139.95 on Friday. Tapestry, Inc. has a 12-month low of $77.86 and a 12-month high of $161.97. The business’s fifty day simple moving average is $141.90 and its 200-day simple moving average is $136.18. The company has a market capitalization of $28.28 billion, a PE ratio of 44.86, a P/E/G ratio of 1.42 and a beta of 1.42. 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 (NYSE:TPR) last announced its quarterly earnings results on Thursday, May 7th. The luxury accessories retailer reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.36. Tapestry had a return on equity of 229.70% and a net margin of 8.44%.The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period last year, the business posted $1.03 EPS. The business’s revenue was up 21.2% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. As a group, equities research analysts predict that Tapestry, Inc. will post 6.95 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be issued a $0.40 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is currently 51.28%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TPR. Argus set a $165.00 price target on Tapestry in a report on Thursday, March 12th. Wall Street Zen upgraded Tapestry from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Robert W. Baird increased their price target on Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Weiss Ratings downgraded Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Finally, Zacks Research upgraded Tapestry from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Tapestry has a consensus rating of “Moderate Buy” and an average target price of $161.22.

Insiders Place Their Bets

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

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.