Tapestry, Inc. (NASDAQ:TPR) disclosed that Todd Kahn, the company’s CEO and Brand President of Coach, sold 30,000 shares of common stock on November 9, 2026. The transactions carried a total value of $4,058,300, with execution prices spanning $134.27 to $136.19 per share.
Following the sales, Kahn directly beneficially owns 92,368 shares of Tapestry common stock, according to the disclosure.
The sale lands after a period of strong performance for the stock, which has delivered a 34.62% return over the past year. At the same time, an analysis referenced in the disclosure suggests Tapestry currently appears overvalued relative to its Fair Value.
The insider transaction comes alongside a series of operational and analyst developments that have shaped the stock’s recent narrative.
Fiscal First Quarter Tops Estimates
Tapestry reported financial results for the first quarter of fiscal 2027 that surpassed Wall Street’s expectations. The company announced earnings of $1.82 per share on revenue of $1.9 billion. Analysts had projected $1.56 per share and $1.85 billion in sales.
In the wake of that performance, Tapestry raised its fiscal 2027 guidance, a move the company framed as indicating positive momentum in its operations.
Analyst Actions Reflect Confidence
Goldman Sachs reiterated a Buy rating with a price target of $168, reflecting confidence in the company’s future prospects.
Separately, Cantor Fitzgerald initiated coverage on Tapestry with an overweight rating, citing expected margin expansion as a key factor. The firm noted that Tapestry’s gross margin had improved significantly, rising from 70.8% in fiscal 2023 to a projected 76.6% by fiscal 2026.
The first quarter of fiscal 2027 saw a gross margin of 78.7%, surpassing guidance by roughly 100 basis points.
These developments, taken together, highlight Tapestry’s strong market position and strategic growth initiatives, even as the chief executive’s stock sale draws attention to insider activity at the company.
This article does not constitute investment advice. Investors should conduct their own research before making any decisions.