Tapestry, Inc. (NASDAQ:TPR) Chief Executive Officer Joanne C. Crevoiserat recently completed a series of transactions involving the sale and acquisition of company common stock. On May 13, 2026, Ms. Crevoiserat executed sales totaling 27,776 shares of Tapestry’s common stock. These dispositions were valued at $3,691,135, with the selling prices for these shares ranging between $132.88 and $132.90.
These sales occurred while Tapestry's share price had demonstrated robust performance. Over the preceding year, the stock gained 62%, and within the last six months, it appreciated by 32%. The recent selling activity followed a day when Ms. Crevoiserat also acquired shares through other means.
Specifically, on the same date of May 13, 2026, she acquired 66,061 shares of Tapestry common stock. This acquisition was facilitated by exercising stock options, which were priced between $15.83 and $20.97 per share, amounting to a total value of $1,229,603. These option exercises were executed under the framework of a Rule 10b5-1 trading plan, a mechanism that Ms. Crevoiserat had established on November 19, 2025.
Furthermore, to cover the associated costs, taxes, and fees connected with exercising these derivative securities, Ms. Crevoiserat disposed of an additional 38,285 shares of common stock. These sales were valued at $5,087,655 and utilized the same price range as the initial sales: between $132.88 and $132.90.
After accounting for these various transactions, Joanne C. Crevoiserat's direct holding of Tapestry, Inc. common stock stands at 614,149 shares.
In related corporate news, Tapestry Inc. recently disclosed its financial results for the third quarter of fiscal year 2026. The company reported a strong operational performance that successfully surpassed Wall Street's expectations. For this period, Tapestry announced earnings per share (EPS) of $1.66. This figure represented a substantial increase of 29.69% compared to the projected estimate of $1.28.
Revenue figures also showed significant strength, with Tapestry reaching $1.92 billion. This total exceeded the anticipated revenue projection of $1.76 billion. These financial disclosures underscore the company's capacity to significantly outperform established market forecasts. Despite these impressive earnings and revenue metrics, the stock experienced a decline during pre-market trading. This downturn reflects underlying investor concerns regarding broader market conditions and the overall future outlook for the company.
While analysts have not yet updated their formal ratings or forecasts following these recent developments, the company's performance data indicates a robust quarter. However, the immediate market reaction suggests that investors are adopting a notably cautious approach.
Risks
- Market caution and investor concern over general economic conditions led to a decline in pre-market trading despite strong company results.
- The high level of personal stock transactions by the CEO, while following established plans, draws attention to internal liquidity needs and valuation perception.
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Risks
- Market caution and investor concern over general economic conditions led to a decline in pre-market trading despite strong company results.
- The high level of personal stock transactions by the CEO, while following established plans, draws attention to internal liquidity needs and valuation perception.