Tapestry, Inc. (NYSE: TPR) disclosed that its Chief People Officer, Denise Kulikowsky, sold a substantial block of company stock on November 9, 2026, according to a regulatory filing. The transactions, which included the exercise of stock options, resulted in the sale of shares valued at approximately $1.52 million.
Kulikowsky sold a total of 11,244 shares of Tapestry common stock for proceeds of about $1,518,383. The shares were sold at prices ranging from $134.89 to $135.10 per share. The stock has climbed 8.2% over the past week and was last trading at $135.62. According to an analysis, Tapestry appears overvalued at current levels relative to its Fair Value estimate.
Before the sales, Kulikowsky acquired 8,259 shares of common stock through the exercise of stock options. That acquisition was valued at $219,606, with an exercise price of $26.59 per share. In addition, 5,015 shares were sold for approximately $676,473 at a price of $134.89 per share. These shares were sold to cover the cost, taxes, and fees associated with the exercise of derivative securities.
Following these reported transactions, Kulikowsky directly holds 15,721 shares of Tapestry common stock.
The luxury goods company maintains a market capitalization of $26.7 billion and trades at a P/E ratio of 17.4.
In other recent news, Tapestry Inc. reported a strong first quarter for fiscal 2027, surpassing Wall Street expectations with earnings of $1.82 per share and revenue of $1.9 billion. These figures exceeded analysts’ projections of $1.56 per share and $1.85 billion in sales. The company attributed its performance to increased demand for its Coach brand, improved margins, and robust growth in North America and international markets. Additionally, Tapestry raised its full-year guidance, signaling confidence in continued positive performance.
Goldman Sachs maintained a Buy rating on Tapestry, with a price target of $168, following the impressive quarterly results. Cantor Fitzgerald also initiated coverage on Tapestry with an overweight rating, setting a price target of $159. They highlighted the company’s margin expansion, noting a rise from 70.8% in fiscal 2023 to a projected 76.6% in fiscal 2026. Tapestry’s first quarter of fiscal 2027 delivered a gross margin of 78.7%, exceeding guidance by approximately 100 basis points.
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