Silvant Capital Management LLC Reduces Stake in Tapestry, Inc. $TPR

Silvant Capital Management LLC lessened its stake in shares of Tapestry, Inc. (NYSE:TPR) by 31.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TPR. Cloud Capital Management LLC acquired a new position in shares of Tapestry in the 3rd quarter worth approximately $26,000. Vestor Capital LLC purchased a new stake in Tapestry in the second quarter valued at approximately $27,000. Johnson Financial Group Inc. purchased a new stake in Tapestry in the second quarter valued at approximately $39,000. Elevation Point Wealth Partners LLC acquired a new position in Tapestry during the second quarter worth $45,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Tapestry during the second quarter worth $52,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Analysts Set New Price Targets

TPR has been the subject of a number of research reports. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Tapestry in a research note on Friday, February 6th. Robert W. Baird set a $160.00 target price on Tapestry in a research note on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Tapestry in a report on Wednesday, January 21st. Guggenheim began coverage on Tapestry in a report on Tuesday, December 9th. They set a “neutral” rating for the company. Finally, UBS Group reaffirmed a “neutral” rating and issued a $141.00 target price on shares of Tapestry in a research report on Monday, February 9th. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

Insider Transactions at Tapestry

In other Tapestry news, Director Thomas Greco sold 14,245 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total value of $2,199,997.80. Following the sale, the director directly owned 21,302 shares in the company, valued at $3,289,880.88. This trade represents a 40.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Todd Kahn sold 39,815 shares of Tapestry stock in a transaction dated 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 directly owned 120,578 shares of the company’s stock, valued at $18,248,274.52. This trade represents a 24.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 164,956 shares of company stock valued at $25,297,262 over the last ninety days. Company insiders own 1.32% of the company’s stock.

Tapestry Stock Up 1.9%

Shares of NYSE:TPR opened at $148.20 on Wednesday. Tapestry, Inc. has a fifty-two week low of $58.39 and a fifty-two week high of $161.97. The firm’s 50 day moving average price is $141.06 and its 200 day moving average price is $122.34. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32. The stock has a market cap of $30.00 billion, a price-to-earnings ratio of 61.24, a price-to-earnings-growth ratio of 1.74 and a beta of 1.55.

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

Tapestry Announces Dividend

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