<div id="readability-page-1"><p>Texas Permanent School Fund Corp lowered its stake in  Tapestry, Inc. (NYSE:TPR - Free Report) by 36.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,300 shares of the luxury accessories retailer's stock after selling 8,145 shares during the period. Texas Permanent School Fund Corp's holdings in Tapestry were worth $1,256,000 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 recently modified their holdings of the company. First PREMIER Bank acquired a new position in  Tapestry in the 2nd quarter valued at $25,000.  Vestor Capital LLC purchased a new stake in shares of  Tapestry in the second quarter valued at about $27,000.  Flaharty Asset Management LLC acquired a new position in shares of  Tapestry during the first quarter worth about $25,000.  CVA Family Office LLC raised its holdings in  Tapestry by 224.8% during the second quarter. CVA Family Office LLC now owns 380 shares of the luxury accessories retailer's stock worth $33,000 after purchasing an additional 263 shares in the last quarter.  Finally, Ameritas Advisory Services LLC purchased a new position in  Tapestry during the second quarter worth about $37,000. 90.77% of the stock is owned by institutional investors and hedge funds. </p><h2>Tapestry Trading Up 0.3%</h2><p>NYSE:TPR opened at $129.30 on Wednesday. Tapestry, Inc. has a 52-week low of $58.39 and a 52-week high of $130.28. The company has a quick ratio of 0.93, a current ratio of 1.52 and a debt-to-equity ratio of 5.95. The stock has a fifty day simple moving average of $112.62 and a 200-day simple moving average of $105.68. The company has a market capitalization of $26.46 billion, a PE ratio of 115.45, a price-to-earnings-growth ratio of 2.65 and a beta of 1.65. </p><ul><li>Ride the Luxury Retail Wave with These 3 High-End Brand Stocks</li></ul><p>Tapestry (NYSE:TPR - Get Free Report) last posted its earnings results on Thursday, November 6th. The luxury accessories retailer reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.13. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the firm posted $0.84 EPS. 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.  On average, equities research analysts expect that  Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year. </p><h2>Tapestry Dividend Announcement</h2><p>The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 5th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Tapestry's dividend payout ratio  is presently 142.86%. </p><ul><li>3 Consumer Discretionary Stocks to Buy in a Divided Economy</li></ul><p>Tapestry declared that its board has authorized a share repurchase plan on Thursday, November 6th that permits the company to repurchase $1.00 billion in    shares. This repurchase authorization permits the luxury accessories retailer to reacquire up to 4.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of equities research analysts have weighed in on the company. Raymond James Financial lifted their price objective on Tapestry from $115.00 to $130.00 and gave the company an &#34;outperform&#34; rating in a report on Tuesday, October 21st. BTIG Research started coverage on Tapestry in a research note on Tuesday, October 14th. They issued a &#34;buy&#34; rating and a $140.00 price target on the stock. Wall Street Zen lowered Tapestry from a &#34;strong-buy&#34; rating to a &#34;buy&#34; rating in a report on Saturday, December 6th. Wells Fargo &amp; Company raised their target price on Tapestry from $125.00 to $135.00 and gave the company an &#34;overweight&#34; rating in a report on Tuesday, December 16th. Finally, Sanford C. Bernstein upped their price target on shares of Tapestry from $112.00 to $115.00 and gave the stock an &#34;outperform&#34; rating in a research note on Friday, November 7th. Seventeen research analysts have rated the stock with a Buy rating and four have assigned  a Hold rating to the stock. Based on data from MarketBeat.com, Tapestry currently has an average rating of &#34;Moderate Buy&#34; and an average price target of $122.00.</p><p><b>Get Our Latest Research Report on TPR</b></p><h2>Insider Activity</h2><p>In other Tapestry news, CEO Joanne C. Crevoiserat sold 31,735 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $70,266,307.23. This trade represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Scott A. Roe sold 18,794 shares of the company'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 sale, the chief financial officer owned 148,149 shares in the company, valued at $15,533,422.65. This represents a 11.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 115,485 shares of company stock worth $12,034,058 in the last quarter. 1.32% of the stock is currently owned by corporate insiders. </p><h2>About Tapestry</h2> (Free Report)<p>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.  </p><p>Historically, the Coach brand traces its roots to a leather workshop in New York dating to the mid-20th century.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Tapestry</li><li>The boring AI play that could pay up to $4,290 monthly</li><li>Trump’s “real estate deal for America” explained</li><li>Put $1,000 into this stock by Jan 1 [Not NVDA]</li><li>ALERT: Drop these 5 stocks before January 2026!</li><li>Trump Did WHAT??</li></ul><p><strong>Want to see what other hedge funds are holding TPR?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tapestry, Inc. (NYSE:TPR - Free Report).</p><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>Texas Permanent School Fund Corp reduced its stake in Tapestry, Inc. by 36.3% in Q2, owning 14,300 shares worth $1.256 million. Tapestry's stock opened at $129.30, with a 52-week range of $58.39-$130.28. The company reported Q2 earnings of $1.38 per share, beating estimates. Analysts have given Tapestry a Buy rating, with price targets ranging from $115 to $140. The company announced a $1 billion share repurchase plan, indicating confidence in its stock value.</p>

Texas Permanent School Fund Corp Lowers Stock Holdings in Tapestry, Inc. $TPR