Nisa Investment Advisors LLC Sells 9,753 Shares of Tapestry, Inc. $TPR

Nisa Investment Advisors LLC trimmed its position in Tapestry, Inc. (NYSE:TPR) by 16.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,976 shares of the luxury accessories retailer’s stock after selling 9,753 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Tapestry were worth $5,545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of TPR. 1858 Wealth Management LLC lifted its position in Tapestry by 2.5% during the 2nd quarter. 1858 Wealth Management LLC now owns 3,835 shares of the luxury accessories retailer’s stock worth $337,000 after acquiring an additional 95 shares during the last quarter. Convergence Financial LLC grew its position in shares of Tapestry by 3.0% in the second quarter. Convergence Financial LLC now owns 3,386 shares of the luxury accessories retailer’s stock valued at $297,000 after purchasing an additional 98 shares during the last quarter. Earned Wealth Advisors LLC increased its stake in shares of Tapestry by 1.6% in the second quarter. Earned Wealth Advisors LLC now owns 7,304 shares of the luxury accessories retailer’s stock worth $641,000 after purchasing an additional 116 shares during the period. Blue Trust Inc. lifted its position in shares of Tapestry by 19.7% during the 3rd quarter. Blue Trust Inc. now owns 741 shares of the luxury accessories retailer’s stock worth $84,000 after purchasing an additional 122 shares during the last quarter. Finally, Wedmont Private Capital lifted its position in shares of Tapestry by 3.3% during the 3rd quarter. Wedmont Private Capital now owns 4,352 shares of the luxury accessories retailer’s stock worth $502,000 after purchasing an additional 139 shares during the last quarter. 90.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Joanne C. Crevoiserat sold 31,735 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $105.31, for a total transaction of $3,342,012.85. Following the completion of the transaction, the chief executive officer owned 667,233 shares in the company, valued at $70,266,307.23. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Todd Kahn sold 29,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $102.83, for a total value of $2,982,070.00. Following the completion of the sale, the chief executive officer directly owned 86,736 shares in the company, valued at approximately $8,919,062.88. This represents a 25.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 115,485 shares of company stock worth $12,034,058 in the last 90 days. 1.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on TPR shares. Morgan Stanley lifted their price target on Tapestry from $124.00 to $126.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Sanford C. Bernstein restated an “outperform” rating and issued a $150.00 price objective on shares of Tapestry in a research note on Tuesday, January 6th. The Goldman Sachs Group upped their target price on shares of Tapestry from $116.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Guggenheim started coverage on shares of Tapestry in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Finally, Jefferies Financial Group upped their price objective on shares of Tapestry from $135.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $126.21.

Tapestry Price Performance

NYSE:TPR opened at $134.43 on Monday. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.93 and a current ratio of 1.52. The company has a 50-day moving average of $116.74 and a 200-day moving average of $110.01. Tapestry, Inc. has a 52 week low of $58.39 and a 52 week high of $136.04. The company has a market capitalization of $27.51 billion, a price-to-earnings ratio of 120.03, a PEG ratio of 2.76 and a beta of 1.63.

Tapestry (NYSE:TPR) last posted its earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.13. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS. As a group, equities research analysts anticipate that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry announced that its Board of Directors has initiated a share repurchase program on Thursday, November 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the luxury accessories retailer to buy up to 4.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Tapestry Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 5th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, December 5th. Tapestry’s dividend payout ratio is currently 142.86%.

Tapestry 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.