<div id="readability-page-1"><p>Wilsey Asset Management Inc. reduced its position in shares of  Tapestry, Inc. (NYSE:TPR - Free Report) by 99.3% during the 3rd quarter, according to its most recent 13F filing with the Securities &amp; Exchange Commission. The firm owned 2,606 shares of the luxury accessories retailer's stock after selling 394,937 shares during the quarter. Tapestry comprises about  0.1% of Wilsey Asset Management Inc.'s portfolio, making the stock its 23rd biggest position. Wilsey Asset Management Inc.'s holdings in Tapestry were worth $295,000 at the end of the most recent reporting period.</p><ul><li>These 3 Stocks Are Using Buybacks to Signal Market Confidence</li></ul><p>Other hedge funds have also made changes to their positions in the company. Flaharty Asset Management LLC purchased a new position in shares of  Tapestry during the first quarter valued at $25,000.  First PREMIER Bank purchased a new stake in  Tapestry in the second quarter worth about $25,000.  Vestor Capital LLC bought a new position in  Tapestry during the 2nd quarter worth about $27,000.  CVA Family Office LLC grew its holdings in  Tapestry by 224.8% during the 2nd quarter. CVA Family Office LLC now owns 380 shares of the luxury accessories retailer's stock worth $33,000 after acquiring an additional 263 shares in the last quarter.  Finally, Ameritas Advisory Services LLC purchased a new position in  Tapestry during the 2nd quarter valued at about $37,000. 90.77% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Insider Activity at Tapestry</h2><p>In other Tapestry news, CFO Scott A. Roe sold 18,794 shares of the firm's stock in a transaction on Friday, November 21st. The shares were sold at an average price of $104.85, for a total value of $1,970,550.90. Following the completion of the transaction, the chief financial officer owned 148,149 shares of the company's stock, valued at approximately $15,533,422.65. This trade represents a 11.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Denise Kulikowsky sold 583 shares of the business's stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $115.17, for a total transaction of $67,144.11. Following the sale, the insider directly owned 19,285 shares in the company, valued at $2,221,053.45. This trade represents a 2.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 115,485 shares of company stock worth $12,034,058 in the last 90 days. 1.32% of the stock is owned by insiders. </p><h2>Tapestry Stock Performance</h2><ul><li>Ride the Luxury Retail Wave with These 3 High-End Brand Stocks</li></ul><p>Shares of TPR opened at $125.45 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 5.95. The firm has a market cap of $25.67 billion, a PE ratio of 112.01, a P/E/G ratio of 2.51 and a beta of 1.65. Tapestry, Inc. has a 12 month low of $58.39 and a 12 month high of $127.54. The stock has a fifty day moving average price of $111.72 and a 200-day moving average price of $104.28. </p><p>Tapestry (NYSE:TPR - Get Free Report) last announced its earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.13. Tapestry had a return on equity of 116.42% and a net margin of 3.77%.The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the company posted $0.84 EPS. The firm's quarterly revenue was up 13.1% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 5.450-5.600 EPS.  Equities research analysts predict that  Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year. </p><ul><li>3 Consumer Discretionary Stocks to Buy in a Divided Economy</li></ul><p>Tapestry declared that its Board of Directors has authorized a stock buyback program on Thursday, November 6th that allows the company to repurchase $1.00 billion in  outstanding  shares. This repurchase authorization allows the luxury accessories retailer to buy up to 4.9% of its stock  through open market purchases. Stock  repurchase programs are generally an indication that the company's management believes its shares are undervalued. </p><h2>Tapestry Dividend Announcement</h2><p>The business also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be paid a $0.40 dividend. The ex-dividend date is Friday, December 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.3%. Tapestry's dividend payout ratio (DPR) is 142.86%. </p><h2>Wall Street Analyst Weigh In</h2><p>TPR has been the subject of several research reports. Robert W. Baird  set a $140.00 price target on shares of Tapestry in a research report on Wednesday. JPMorgan Chase &amp; Co. boosted their price objective on shares of Tapestry from $147.00 to $148.00 and gave the stock an &#34;overweight&#34; rating in a research note on Monday, November 17th. Jefferies Financial Group upped their target price on Tapestry from $135.00 to $142.00 and gave the stock a &#34;buy&#34; rating in a report on Friday, December 12th. Wells Fargo &amp; Company lifted their price target on Tapestry from $125.00 to $135.00 and gave the company an &#34;overweight&#34; rating in a report on Tuesday. Finally, Wall Street Zen cut Tapestry from a &#34;strong-buy&#34; rating to a &#34;buy&#34; rating in a research note on Saturday, December 6th. Seventeen investment analysts have rated the stock with a Buy rating and four have assigned  a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $122.00.</p><p><b>Read Our Latest Research Report on TPR</b></p><h2>About Tapestry</h2> (Free Report)<p>Tapestry, Inc provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's handbags; and women's accessories, such as small leather goods which includes mini and micro handbags, money pieces, wristlets, pouches, and cosmetic cases, as well as novelty accessories including address books, time management and travel accessories, sketchbooks, and portfolios; and belts, key rings, and charms.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Tapestry</li><li>Golden Cross Stocks: Pattern, Examples and Charts </li><li>Jabil Is Flying Under the Radar—But a 50% Surge May Be Coming</li><li>How to invest in marijuana stocks in 7 steps </li><li>Qualcomm’s Monster Rally Has a Catch—Can the Stock Keep Climbing?</li><li>How to trade penny stocks: A step-by-step guide</li><li>Broadcom Stock Crashes 20%—But Wall Street Sees It Soaring to $500</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVRQUg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVRQUg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Tapestry Right Now?</h2><p>Before you consider Tapestry, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tapestry wasn't on the list.</p><p>While Tapestry currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Wilsey Asset Management Inc. drastically reduced its stake in Tapestry, Inc. by 99.3% in Q3, selling 394,937 shares. Tapestry's stock performance shows a 12-month high of $127.54 and a low of $58.39. Insiders sold 115,485 shares worth $12,034,058 recently. Tapestry announced a $1 billion stock buyback program, indicating confidence in undervaluation. The company also declared a quarterly dividend of $0.40, payable on December 22nd.</p>

Wilsey Asset Management Inc. Sells 394,937 Shares of Tapestry, Inc. $TPR