HighTower Advisors LLC Sells 17,545 Shares of Tapestry, Inc. $TPR

HighTower Advisors LLC trimmed its holdings in Tapestry, Inc. (NYSE:TPR) by 39.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,892 shares of the luxury accessories retailer’s stock after selling 17,545 shares during the quarter. HighTower Advisors LLC’s holdings in Tapestry were worth $3,045,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TPR. GenTrust LLC purchased a new position in Tapestry during the third quarter valued at $217,000. Aberdeen Group plc grew its position in shares of Tapestry by 115.0% during the third quarter. Aberdeen Group plc now owns 35,322 shares of the luxury accessories retailer’s stock valued at $3,911,000 after purchasing an additional 18,895 shares in the last quarter. Florida Financial Advisors LLC bought a new stake in shares of Tapestry in the third quarter worth about $1,337,000. Freemont Management S.A. bought a new stake in shares of Tapestry in the third quarter worth about $600,000. Finally, Metis Global Partners LLC lifted its position in shares of Tapestry by 126.9% in the third quarter. Metis Global Partners LLC now owns 11,275 shares of the luxury accessories retailer’s stock worth $1,277,000 after buying an additional 6,306 shares in the last quarter. Institutional investors own 90.77% of the company’s stock.

Insider Buying and Selling at Tapestry

In related news, insider Denise Kulikowsky sold 9,166 shares of the firm’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 owned 26,942 shares of the company’s stock, valued at $4,192,714.04. This trade represents a 25.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Anne Gates sold 6,498 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $153.79, for a total transaction of $999,327.42. Following the completion of the sale, the director directly owned 22,698 shares of the company’s stock, valued at approximately $3,490,725.42. This trade represents a 22.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 165,539 shares of company stock valued at $25,364,406. 1.32% of the stock is owned by company insiders.

Tapestry Stock Performance

Shares of NYSE:TPR opened at $160.50 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.10 and a debt-to-equity ratio of 4.32. Tapestry, Inc. has a 12 month low of $58.39 and a 12 month high of $161.97. The company has a market capitalization of $32.50 billion, a price-to-earnings ratio of 66.32, a PEG ratio of 1.88 and a beta of 1.63. The firm’s 50-day moving average is $137.54 and its 200 day moving average is $119.34.

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

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

Tapestry Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Citigroup raised their price target on Tapestry from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, February 6th. Zacks Research raised shares of Tapestry from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Wall Street Zen downgraded shares of Tapestry from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. UBS Group reiterated a “neutral” rating and set a $141.00 price objective on shares of Tapestry in a research report on Monday, February 9th. Finally, Robert W. Baird set a $160.00 target price on shares of Tapestry in a report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $147.00.

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.