Plato Investment Management Ltd Purchases Shares of 23,823 Tapestry, Inc. $TPR

Plato Investment Management Ltd acquired a new stake in Tapestry, Inc. (NYSE:TPR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 23,823 shares of the luxury accessories retailer’s stock, valued at approximately $3,467,000.

A number of other institutional investors have also recently bought and sold shares of TPR. State Street Corp increased its stake in Tapestry by 3.8% in the fourth quarter. State Street Corp now owns 9,578,111 shares of the luxury accessories retailer’s stock valued at $1,223,795,000 after purchasing an additional 348,334 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Tapestry by 92.8% during the 4th quarter. Schroder Investment Management Group now owns 9,350,221 shares of the luxury accessories retailer’s stock worth $1,194,678,000 after purchasing an additional 4,500,850 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Tapestry by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 5,912,917 shares of the luxury accessories retailer’s stock worth $753,482,000 after purchasing an additional 203,764 shares during the last quarter. Bank of America Corp DE raised its stake in Tapestry by 9.3% in the first quarter. Bank of America Corp DE now owns 5,041,935 shares of the luxury accessories retailer’s stock valued at $711,467,000 after buying an additional 429,338 shares during the period. Finally, AQR Capital Management LLC raised its stake in Tapestry by 21.4% in the 3rd quarter. AQR Capital Management LLC now owns 4,307,615 shares of the luxury accessories retailer’s stock valued at $487,708,000 after acquiring an additional 760,646 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Buying and Selling

In related news, CEO Todd Kahn sold 19,557 shares of Tapestry stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $140.02, for a total value of $2,738,371.14. Following the transaction, the chief executive officer directly owned 123,258 shares of the company’s stock, valued at $17,258,585.16. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on TPR shares. BTIG Research cut their price objective on shares of Tapestry from $180.00 to $175.00 and set a “buy” rating for the company in a report on Friday. Wall Street Zen downgraded Tapestry from a “buy” rating to a “hold” rating in a research note on Sunday. JPMorgan Chase & Co. increased their price target on Tapestry from $205.00 to $211.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $185.00 price objective (up from $180.00) on shares of Tapestry in a research note on Friday. Finally, Robert W. Baird boosted their price target on Tapestry from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Tapestry presently has an average rating of “Moderate Buy” and an average target price of $175.12.

More Tapestry News

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 Trading Up 0.1%

NYSE:TPR opened at $129.11 on Monday. Tapestry, Inc. has a 1 year low of $93.00 and a 1 year high of $164.80. The stock’s fifty day moving average price is $146.48 and its two-hundred day moving average price is $144.76. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.75 and a quick ratio of 1.25. The company has a market cap of $25.74 billion, a P/E ratio of 17.71, a P/E/G ratio of 1.15 and a beta of 1.43.

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

Tapestry Increases Dividend

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

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.