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

Prospera Financial Services Inc lowered its stake in shares of Tapestry, Inc. (NYSE:TPR) by 81.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,785 shares of the luxury accessories retailer’s stock after selling 21,251 shares during the quarter. Prospera Financial Services Inc’s holdings in Tapestry were worth $612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Schwarz Dygos Wheeler Investment Advisors LLC acquired a new stake in shares of Tapestry during the fourth quarter worth approximately $215,000. EverSource Wealth Advisors LLC lifted its stake in Tapestry by 2.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,774 shares of the luxury accessories retailer’s stock worth $865,000 after purchasing an additional 182 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Tapestry by 493.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,556 shares of the luxury accessories retailer’s stock worth $199,000 after purchasing an additional 1,294 shares during the last quarter. Mach 1 Financial Group LLC bought a new position in Tapestry during the fourth quarter worth $721,000. Finally, Fortis Group Advisors LLC lifted its stake in Tapestry by 77.2% during the fourth quarter. Fortis Group Advisors LLC now owns 12,508 shares of the luxury accessories retailer’s stock worth $1,587,000 after purchasing an additional 5,448 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Transactions at Tapestry

In related news, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the sale, the chief executive officer directly owned 123,258 shares in the company, valued at $17,258,585.16. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joanne C. Crevoiserat sold 27,776 shares of Tapestry stock in a transaction dated Wednesday, May 13th. The shares were 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 in the company, valued at approximately $86,701,954.26. This represents a 4.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is owned by insiders.

Tapestry Stock Performance

TPR stock opened at $145.40 on Friday. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.27 and a current ratio of 1.84. The stock has a market capitalization of $29.38 billion, a price-to-earnings ratio of 46.60, a PEG ratio of 1.48 and a beta of 1.45. Tapestry, Inc. has a 1 year low of $76.92 and a 1 year high of $161.97. The stock’s fifty day moving average is $142.31 and its two-hundred day moving average is $134.90.

Tapestry (NYSE:TPR) last posted its 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. 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 firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share. Tapestry has set its FY 2026 guidance at 6.950-6.950 EPS. On average, research analysts predict that Tapestry, Inc. will post 6.95 EPS for the current year.

Tapestry Dividend Announcement

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

Analyst Upgrades and Downgrades

TPR has been the topic of several research analyst reports. UBS Group upgraded Tapestry from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $142.00 to $187.00 in a research note on Friday, May 8th. BTIG Research restated a “buy” rating and set a $180.00 price objective on shares of Tapestry in a research note on Friday, May 8th. Wall Street Zen upgraded Tapestry from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. TD Cowen restated a “buy” rating on shares of Tapestry in a research note on Tuesday, February 10th. Finally, Zacks Research upgraded Tapestry from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Tapestry presently has an average rating of “Moderate Buy” and an average price target of $160.67.

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.