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Scott A. Roe, the Chief Financial Officer and Chief Operating Officer of Tapestry, Inc. (NYSE:TPR), recently executed a series of stock transactions, according to a Form 4 filing with the Securities and Exchange Commission. The transactions come at a time when Tapestry’s stock has shown remarkable strength, with a 106% surge over the past six months and current market capitalization of $17.5 billion. According to InvestingPro analysis, the company maintains a "GOOD" overall financial health score. On February 20, 2025, Roe sold a total of 25,727 shares of Tapestry’s common stock, generating proceeds of approximately $2.23 million. The shares were sold at prices ranging from $86.56 to $86.57 per share.
In addition to the sales, Roe also acquired shares through the exercise of stock options. He exercised options to acquire 89,877 shares at prices between $33.81 and $35.41 per share, amounting to a total value of approximately $3.13 million.
These transactions were part of a broader set of moves by Roe, who also disposed of shares to cover the costs associated with the exercise of these options, as detailed in the filing.
In other recent news, Tapestry Inc. has seen a series of analyst upgrades and revised price targets, highlighting its strong financial performance and growth prospects. Redburn-Atlantic upgraded Tapestry’s stock rating from Neutral to Buy, setting a new price target of $110, citing the company’s growth potential and brand momentum, particularly for its Coach brand. JPMorgan also raised its price target for Tapestry to $104, maintaining an Overweight rating, and emphasized the exceptional performance of the Coach brand following strategic investments. TD Cowen increased its price target to $90, noting Tapestry’s strong second-quarter results, with earnings per share (EPS) of $2.00, surpassing expectations. Telsey Advisory Group adjusted its outlook, raising the price target to $92 and maintaining an Outperform rating, highlighting the company’s robust performance in a challenging macroeconomic environment. Citi also raised its price target to $85, keeping a Buy rating, and projected Tapestry’s second-quarter sales and EPS to outperform consensus estimates. These developments reflect a positive outlook on Tapestry’s ability to capitalize on its strategic initiatives and deliver strong financial performance.
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