Nippon Life Global Investors Americas Inc. Takes $12.57 Million Position in Tapestry, Inc. $TPR

Nippon Life Global Investors Americas Inc. bought a new position in shares of Tapestry, Inc. (NYSE:TPR) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 85,870 shares of the luxury accessories retailer’s stock, valued at approximately $12,570,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TPR. Acumen Wealth Advisors LLC acquired a new position in Tapestry during the fourth quarter valued at approximately $28,000. Triumph Capital Management purchased a new stake in Tapestry during the third quarter worth approximately $29,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of Tapestry in the fourth quarter worth $32,000. Cornerstone Planning Group LLC increased its position in shares of Tapestry by 2,720.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 282 shares of the luxury accessories retailer’s stock worth $36,000 after acquiring an additional 272 shares in the last quarter. Finally, HM Payson & Co. raised its stake in shares of Tapestry by 125.8% in the 4th quarter. HM Payson & Co. now owns 289 shares of the luxury accessories retailer’s stock valued at $37,000 after acquiring an additional 161 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Tapestry Trading Up 0.1%

NYSE TPR opened at $129.11 on Monday. The stock has a market cap of $25.74 billion, a P/E ratio of 17.71, a PEG ratio of 1.15 and a beta of 1.43. The company’s fifty day simple moving average is $146.48 and its 200-day simple moving average is $144.76. The company has a current ratio of 1.75, a quick ratio of 1.25 and a debt-to-equity ratio of 3.44. Tapestry, Inc. has a 52 week low of $93.00 and a 52 week high of $164.80.

Tapestry (NYSE:TPR) last released its quarterly earnings results on Thursday, August 13th. The luxury accessories retailer reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. Tapestry had a net margin of 19.09% and a return on equity of 254.95%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business earned $1.04 EPS. The business’s revenue was up 8.9% on a year-over-year basis. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. Equities research analysts predict that Tapestry, Inc. will post 7.88 EPS for the current fiscal year.

Tapestry Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Friday, September 4th will be given a dividend of $0.4625 per share. The ex-dividend date of this dividend is Friday, September 4th. This is a positive change from Tapestry’s previous quarterly dividend of $0.40. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.4%. Tapestry’s dividend payout ratio is presently 51.28%.

Insider Activity

In other news, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction dated 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 sale, the chief executive officer directly owned 123,258 shares of the company’s stock, valued at approximately $17,258,585.16. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.32% of the company’s stock.

Key Headlines 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

Wall Street Analyst Weigh In

Several research firms recently weighed in on TPR. JPMorgan Chase & Co. lifted their target price on shares of Tapestry from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Barclays increased their price target on Tapestry from $182.00 to $185.00 and gave the company an “overweight” rating in a report on Friday. Citigroup raised their price objective on Tapestry from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings cut Tapestry from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Finally, Telsey Advisory Group upped their target price on Tapestry from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $175.12.

Tapestry Company 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.