Matthew Robert Van Epps Sells Shares in Tapestry, Inc.
Congressman Van Epps reports selling Tapestry shares valued between $15,001 and $50,000.
Key Points
- Matthew Robert Van Epps, a member of the House, sold Tapestry shares valued between $15,001 and $50,000 on June 16, 2026.
- Tapestry stock is trading near $150.8, with a market cap of about $30.18 billion and a P/E ratio of 45.4.
- Major institutions like BlackRock and Vanguard have recently adjusted their positions in Tapestry shares.
On June 16, 2026, Matthew Robert Van Epps, a member of the U.S. House of Representatives, sold shares of Tapestry, Inc. The transaction was valued between $15,001 and $50,000, according to the STOCK Act filing reported on June 17, 2026.
Other Institutional Activity in Tapestry
BlackRock, Inc. trimmed its holdings in Tapestry by 530,888 shares, bringing its total to 18,347,453 shares valued at approximately $2.59 billion. Vanguard Capital Management LLC added a substantial 13,155,814 shares, resulting in a new total of the same amount, worth about $1.86 billion. Vanguard Portfolio Management LLC also boosted its position by 10,113,766 shares, now holding the same number of shares valued at around $1.43 billion. State Street Corp decreased its stake by 180,502 shares, ending with 9,397,609 shares worth about $1.33 billion. Meanwhile, Geode Capital Management, LLC increased its holdings by 2,183,576 shares, totaling 8,096,493 shares valued at $1.14 billion.
Tapestry Stock Snapshot
Shares of NYSE:TPR are trading near $150.8. Tapestry has a market capitalization of approximately $30.18 billion and a P/E ratio of 45.4. The stock's 52-week range is between $83.0 and $161.97, with a 50-day moving average of $142.62 and a 200-day moving average of $129.56. Tapestry's beta is 1.446, indicating a higher volatility compared to the market. The company maintains a current ratio of 1.841 and a quick ratio of 1.107, with a debt-to-equity ratio of 574.912.
Recent Earnings
In its recent earnings report, Tapestry posted revenue of $7.85 billion, reflecting a growth of 21.2%. The company achieved a net margin of 8.4% and a return on equity of 60.9%. Earnings per share stood at $3.29. Tapestry is expected to announce its next earnings results on August 13, 2026.
Dividend
Tapestry offers a dividend rate of $1.60 per share, yielding 1.07% based on its current price. The payout ratio is 47.26%, indicating the proportion of earnings paid out as dividends.
Insider Buying and Selling at Tapestry, Inc.
On May 26, 2026, Todd Kahn, CEO and Brand President of Coach, a Tapestry brand, bought 57,286 shares at an average price of $42.31. On the same day, he sold 19,557 shares at $140.02 each. Additionally, Joanne Crevoiserat, CEO of Tapestry, sold 27,776 shares on May 13, 2026, at an average price of $132.89 under a planned transaction.
Analysts Set New Price Targets
On June 12, 2026, JP Morgan maintained its 'buy' rating for Tapestry, setting a price target of $205. UBS upgraded the stock to a 'buy' rating with a target of $187 on May 8, 2026. Overall, analysts have a consensus 'buy' recommendation with a mean price target of $164.47, based on 19 opinions.
About Tapestry, Inc.
Tapestry, Inc., headquartered in New York, NY, is a global leader in luxury goods. The company operates through its renowned brands Coach, Kate Spade, and Stuart Weitzman, offering a wide range of products including handbags, accessories, footwear, and ready-to-wear. Led by CEO Joanne Crevoiserat, Tapestry employs around 12,500 people and serves markets across North America, Asia, and internationally.
Bottom Line
The sale by Matthew Robert Van Epps is part of the periodic disclosures under the STOCK Act, providing transparency into congressional stock trades. Tapestry, Inc., a significant player in the luxury goods sector, continues to attract institutional interest, as seen in recent adjustments by major funds. Investors will be watching upcoming earnings and analyst ratings for further insights.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.
