Renaissance Group LLC Makes New $37.24 Million Investment in Tapestry, Inc. $TPR

Renaissance Group LLC purchased a new stake in shares of Tapestry, Inc. (NYSE:TPR) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 328,888 shares of the luxury accessories retailer’s stock, valued at approximately $37,237,000. Tapestry makes up approximately 1.4% of Renaissance Group LLC’s investment portfolio, making the stock its 21st biggest position.

Other hedge funds have also recently bought and sold shares of the company. Woodline Partners LP lifted its holdings in Tapestry by 25.0% in the 1st quarter. Woodline Partners LP now owns 17,490 shares of the luxury accessories retailer’s stock valued at $1,231,000 after acquiring an additional 3,495 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Tapestry in the 1st quarter worth $493,000. Sivia Capital Partners LLC acquired a new stake in shares of Tapestry during the second quarter worth $602,000. Janney Montgomery Scott LLC lifted its holdings in shares of Tapestry by 292.3% during the second quarter. Janney Montgomery Scott LLC now owns 30,733 shares of the luxury accessories retailer’s stock valued at $2,699,000 after purchasing an additional 22,899 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Tapestry in the 2nd quarter valued at $37,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Todd Kahn sold 10,344 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $107.00, for a total transaction of $1,106,808.00. Following the sale, the chief executive officer directly owned 131,815 shares in the company, valued at $14,104,205. This represents a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joanne C. Crevoiserat sold 31,735 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $105.31, for a total value of $3,342,012.85. Following the sale, the chief executive officer directly owned 667,233 shares of the company’s stock, valued at $70,266,307.23. This represents a 4.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 115,485 shares of company stock worth $12,034,058 in the last quarter. 1.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. Robert W. Baird set a $160.00 target price on Tapestry in a research report on Friday. Jefferies Financial Group cut shares of Tapestry from a “buy” rating to a “hold” rating and lowered their price target for the company from $142.00 to $138.00 in a report on Wednesday, January 14th. Telsey Advisory Group increased their price objective on Tapestry to $150.00 and gave the stock an “outperform” rating in a report on Thursday. The Goldman Sachs Group set a $166.00 price objective on Tapestry in a report on Friday. Finally, Argus raised shares of Tapestry to a “strong-buy” rating in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Tapestry currently has an average rating of “Moderate Buy” and an average price target of $142.33.

Tapestry Stock Performance

NYSE:TPR opened at $151.97 on Friday. The firm’s 50-day moving average is $127.42 and its 200-day moving average is $114.91. The company has a market cap of $31.10 billion, a price-to-earnings ratio of 62.80, a PEG ratio of 2.49 and a beta of 1.63. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.93 and a current ratio of 1.63. Tapestry, Inc. has a 52-week low of $58.39 and a 52-week high of $153.13.

Tapestry (NYSE:TPR) last released its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the business posted $2.00 earnings per share. Tapestry’s quarterly revenue was up 14.0% on a year-over-year basis. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Equities research analysts anticipate that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry announced that its board has authorized a stock repurchase plan on Thursday, November 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the luxury accessories retailer to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Tapestry Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, March 6th. Tapestry’s payout ratio is currently 142.86%.

Trending Headlines about Tapestry

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Q2 beat and materially raised FY‑2026 guidance — Tapestry reported $2.69 EPS vs. ~$2.20 consensus and $2.50B revenue (up 14% YoY); management raised FY26 EPS guidance to $6.40–$6.45 and lifted revenue plans (~$7.8B), signaling stronger-than-expected margin and top‑line momentum. Read More.
• Positive Sentiment: BTIG increased its price target to $175 and kept a “buy” rating — a meaningful upside signal from a sell‑side firm. Read More.
• Positive Sentiment: Citigroup raised its price target to $165 and moved to “buy,” reinforcing analyst enthusiasm after the quarter. Read More.
• Positive Sentiment: Evercore raised its target (to $150) — another upgrade contributing to bullish analyst momentum. Read More.
• Positive Sentiment: Declared dividend — Tapestry announced a $0.40 quarterly dividend (record/ex‑dividend date March 6), which supports income investors and signals confidence from the board.
• Positive Sentiment: Technical/market interest — Relative Strength (RS) rating jumped to 94 and the stock hit all‑time highs as investors digested the results, increasing momentum and retail/institutional attention. Read More.
• Neutral Sentiment: Telsey Advisory Group set an “outperform” rating with a $150 target (slightly below the intra‑day price), reflecting mixed near‑term upside expectations. Read More.
• Neutral Sentiment: Earnings call materials and transcripts are available for deeper read of margin drivers, geographic trends and brand performance. These are useful for modeling but are informational rather than new catalysts. Read More.
• Negative Sentiment: At least one analyst argued Coach’s momentum is unsustainable and issued a downgrade note — a cautionary view that could temper enthusiasm if future comps slow. Read More.

About Tapestry

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.