8,393 Shares in Tapestry, Inc. $TPR Bought by Summit Global Investments

Summit Global Investments bought a new stake in shares of Tapestry, Inc. (NYSE:TPR) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 8,393 shares of the luxury accessories retailer’s stock, valued at approximately $1,229,000.

Other hedge funds have also recently bought and sold shares of the company. Woodline Partners LP raised its position in shares of Tapestry by 25.0% during the first quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock valued at $1,231,000 after buying an additional 3,495 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Tapestry during the first quarter worth about $493,000. Sivia Capital Partners LLC acquired a new stake in Tapestry during the second quarter worth about $602,000. Arrowstreet Capital Limited Partnership bought a new position in Tapestry during the second quarter valued at about $6,307,000. Finally, Brown Advisory Inc. raised its holdings in Tapestry by 13.8% in the 2nd quarter. Brown Advisory Inc. now owns 3,630 shares of the luxury accessories retailer’s stock valued at $319,000 after acquiring an additional 439 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

Key Stories Impacting Tapestry

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Tapestry reported fiscal fourth-quarter EPS of $1.32, above the $1.28 consensus estimate, while revenue of $1.88 billion also topped expectations. Revenue increased 8.9% year over year, and earnings rose from $1.04 per share in the prior-year quarter. Tapestry fiscal 2026 fourth-quarter and full-year results
• Positive Sentiment: Coach continued to drive growth, supported by younger shoppers, higher average unit retail prices, unit expansion and international growth. Management said the brand’s momentum could remain durable through fiscal 2027, although growth may become more measured in the second half. Coach growth durability
• Positive Sentiment: The company raised its quarterly dividend 15.6% to $0.4625 per share, payable September 21 to shareholders of record September 4. Tapestry also plans approximately $1.7 billion in shareholder returns, supporting the stock’s income and capital-return appeal. Fiscal 2027 outlook and shareholder returns
• Neutral Sentiment: Fiscal 2027 EPS guidance of $7.80 to $7.90 is broadly in line with the roughly $7.82 analyst consensus, suggesting continued profit growth but limited upside relative to expectations. Tapestry earnings estimate beat
• Negative Sentiment: Management projected fiscal 2027 revenue of $8.4 billion to $8.5 billion, slightly below the $8.5 billion consensus. Investors viewed the outlook as disappointing after the quarterly beat, particularly because Kate Spade’s recovery is taking longer and tariff pressure remains a risk. Tapestry forecasts weak annual sales

Tapestry Stock Up 0.6%

NYSE TPR opened at $129.11 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.27 and a debt-to-equity ratio of 3.44. The stock’s 50 day moving average is $146.48 and its two-hundred day moving average is $144.63. The company has a market capitalization of $26.08 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.16 and a beta of 1.43. Tapestry, Inc. has a 1-year low of $93.00 and a 1-year high of $164.80.

Tapestry (NYSE:TPR) last released its quarterly earnings data on Thursday, August 13th. The luxury accessories retailer reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.04. Tapestry had a return on equity of 254.95% and a net margin of 19.09%.The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the company posted $1.04 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. Equities analysts forecast that Tapestry, Inc. will post 7.83 earnings per share for the current fiscal year.

Tapestry Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, September 4th will be given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.4%. This is a positive change from Tapestry’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, September 4th. Tapestry’s dividend payout ratio (DPR) is currently 51.28%.

Insiders Place Their Bets

In other Tapestry news, CEO Todd Kahn sold 19,557 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $140.02, for a total transaction of $2,738,371.14. Following the completion of the transaction, the chief executive officer directly owned 123,258 shares in the company, valued at $17,258,585.16. This represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on TPR shares. UBS Group raised their price objective on Tapestry from $230.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday. Morgan Stanley lowered their price objective on Tapestry from $164.00 to $159.00 and set an “overweight” rating on the stock in a research report on Friday. BTIG Research cut their target price on Tapestry from $180.00 to $175.00 and set a “buy” rating for the company in a research note on Friday. Wells Fargo & Company reduced their target price on Tapestry from $165.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Robert W. Baird lifted their price target on shares of Tapestry from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Tapestry presently has an average rating of “Moderate Buy” and an average price target of $175.12.

Tapestry Profile

Tapestry, Inc is a New York City–based house of fashion brands that designs, produces and distributes a range of accessible luxury and lifestyle products. The company manages a portfolio led by Coach, along with Kate Spade New York and Stuart Weitzman, each offering distinct product lines that include handbags and leather goods, footwear, ready-to-wear apparel, accessories, small leather goods, jewelry and lifestyle items. Tapestry’s operations encompass product design, marketing, wholesale partnerships, retail store operations and digital commerce.

Historically, the Coach brand traces its roots to a leather workshop in New York dating to the mid-20th century.