Calydon Capital Sells 89,033 Shares of Tapestry, Inc. $TPR

Calydon Capital trimmed its stake in Tapestry, Inc. (NYSE:TPR) by 91.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,829 shares of the luxury accessories retailer’s stock after selling 89,033 shares during the period. Calydon Capital’s holdings in Tapestry were worth $886,000 at the end of the most recent reporting period.

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

Tapestry Stock Performance

TPR stock opened at $142.12 on Friday. Tapestry, Inc. has a twelve month low of $58.39 and a twelve month high of $161.97. The firm has a market cap of $28.77 billion, a price-to-earnings ratio of 58.73, a PEG ratio of 1.70 and a beta of 1.55. The business’s fifty day simple moving average is $141.96 and its two-hundred day simple moving average is $123.09. 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 (NYSE:TPR) last issued its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.49. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The business’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Analysts predict that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s payout ratio is 66.12%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TPR shares. Citigroup increased their target price on shares of Tapestry from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Telsey Advisory Group lifted their price target on shares of Tapestry to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Jefferies Financial Group downgraded shares of Tapestry from a “buy” rating to a “hold” rating and cut their price target for the company from $142.00 to $138.00 in a report on Wednesday, January 14th. Zacks Research raised shares of Tapestry from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Argus set a $165.00 price objective on shares of Tapestry in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $151.06.

Insider Buying and Selling

In other Tapestry news, insider Denise Kulikowsky sold 9,166 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total value of $1,426,412.92. Following the transaction, the insider directly owned 26,942 shares in the company, valued at $4,192,714.04. This represents a 25.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas Greco sold 14,245 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total transaction of $2,199,997.80. Following the transaction, the director directly owned 21,302 shares in the company, valued at approximately $3,289,880.88. This trade represents a 40.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 164,956 shares of company stock worth $25,297,262 over the last 90 days. Corporate insiders own 1.32% of the company’s stock.

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.