Prospera Financial Services Inc Decreases Position in Tapestry, Inc. $TPR

Prospera Financial Services Inc trimmed its position in Tapestry, Inc. (NYSE:TPR) by 12.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,036 shares of the luxury accessories retailer’s stock after selling 3,706 shares during the period. Prospera Financial Services Inc’s holdings in Tapestry were worth $2,948,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its stake in shares of Tapestry by 54.3% in the third quarter. Oppenheimer & Co. Inc. now owns 6,318 shares of the luxury accessories retailer’s stock worth $715,000 after acquiring an additional 2,223 shares during the last quarter. Plato Investment Management Ltd purchased a new position in Tapestry in the 3rd quarter valued at $779,000. Azzad Asset Management Inc. ADV purchased a new position in Tapestry in the 3rd quarter valued at $664,000. Smartleaf Asset Management LLC boosted its stake in Tapestry by 68.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 3,609 shares of the luxury accessories retailer’s stock worth $402,000 after purchasing an additional 1,468 shares during the last quarter. Finally, Renaissance Group LLC purchased a new stake in shares of Tapestry during the third quarter worth $37,237,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TPR shares. TD Cowen reissued a “buy” rating on shares of Tapestry in a research note on Tuesday. UBS Group reiterated a “neutral” rating and issued a $141.00 price objective on shares of Tapestry in a report on Monday. Barclays set a $179.00 target price on Tapestry and gave the stock an “overweight” rating in a report on Friday, February 6th. Zacks Research raised Tapestry from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Guggenheim started coverage on Tapestry in a research report on Tuesday, December 9th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Tapestry has a consensus rating of “Moderate Buy” and a consensus target price of $143.33.

Insider Transactions at Tapestry

In other Tapestry news, CEO Todd Kahn sold 39,815 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $151.34, for a total value of $6,025,602.10. Following the sale, the chief executive officer owned 120,578 shares of the company’s stock, valued at $18,248,274.52. The trade was a 24.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Manesh Dadlani sold 2,147 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $153.47, for a total value of $329,500.09. Following the transaction, the vice president owned 18,475 shares of the company’s stock, valued at approximately $2,835,358.25. This represents a 10.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 217,401 shares of company stock worth $27,574,441 in the last three months. Company insiders own 1.32% of the company’s stock.

Tapestry Stock Performance

Shares of Tapestry stock opened at $152.63 on Friday. The firm has a market cap of $30.90 billion, a PE ratio of 63.07, a price-to-earnings-growth ratio of 1.91 and a beta of 1.63. 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, Inc. has a 52 week low of $58.39 and a 52 week high of $158.28. The business’s fifty day simple moving average is $130.74 and its 200-day simple moving average is $116.17.

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

Tapestry Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. Tapestry’s dividend payout ratio (DPR) is presently 66.12%.

Tapestry announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 6th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the luxury accessories retailer to purchase up to 4.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

More Tapestry News

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Q4 results and guidance: Tapestry reported a meaningful Q4 beat (EPS and revenue) and set FY2026 EPS guidance of $6.40–$6.45, supporting the company’s growth story and valuation. 5 Insightful Analyst Questions From Tapestry’s Q4 Earnings Call
• Positive Sentiment: Capital returns and income: Board authorized a $1.0B buyback (≈4.9% of shares) and declared a quarterly dividend ($0.40), signaling confidence and supporting shareholder returns. MarketBeat TPR coverage
• Neutral Sentiment: Analyst activity: Several firms raised targets or reiterated positive views (Goldman Sachs, Citigroup, Bernstein); Zacks upgraded TPR to “strong-buy,” which can support demand over time but may already be priced in. Zacks upgrade
• Neutral Sentiment: Media commentary: Coverage and TV commentary (e.g., Jim Cramer) are driving short-term interest but are not new fundamental data. MSN / Cramer coverage
• Negative Sentiment: Large insider selling: Multiple insiders executed large sales this week — CEO Todd Kahn (~39,815 shares, ~$6.0M), CFO Scott Roe (44,290 shares, ~$6.76M), plus other officers/directors — reducing their holdings by ~20–25% each, which can signal near-term selling pressure or prompt investor concern. InsiderTrades roundup

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.