Renaissance Group LLC Invests $37.24 Million in Tapestry, Inc. $TPR

Renaissance Group LLC acquired a new stake in Tapestry, Inc. (NYSE:TPR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 328,888 shares of the luxury accessories retailer’s stock, valued at approximately $37,237,000. Tapestry makes up 1.4% of Renaissance Group LLC’s investment portfolio, making the stock its 21st largest position. Renaissance Group LLC owned about 0.16% of Tapestry as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Canada Post Corp Registered Pension Plan increased its position in shares of Tapestry by 67.9% in the third quarter. Canada Post Corp Registered Pension Plan now owns 5,785 shares of the luxury accessories retailer’s stock valued at $645,000 after buying an additional 2,340 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in Tapestry in the 3rd quarter valued at about $237,000. Portside Wealth Group LLC purchased a new position in Tapestry during the 3rd quarter valued at about $425,000. Bessemer Group Inc. raised its position in Tapestry by 5.2% during the third quarter. Bessemer Group Inc. now owns 7,709 shares of the luxury accessories retailer’s stock worth $872,000 after acquiring an additional 381 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Tapestry by 4.1% in the third quarter. SBI Securities Co. Ltd. now owns 6,075 shares of the luxury accessories retailer’s stock valued at $688,000 after purchasing an additional 238 shares in the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tapestry

In other news, insider David E. Howard sold 25,029 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $102.50, for a total value of $2,565,472.50. Following the transaction, the insider directly owned 55,354 shares in the company, valued at approximately $5,673,785. This trade represents a 31.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Todd Kahn sold 10,344 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were 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 of the company’s stock, valued at approximately $14,104,205. This represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 115,485 shares of company stock valued at $12,034,058 over the last 90 days. Corporate insiders own 1.32% of the company’s stock.

Tapestry Trading Up 6.1%

NYSE:TPR opened at $151.97 on Friday. The business’s 50-day moving average is $127.42 and its two-hundred day moving average is $114.91. The firm has a market capitalization of $31.10 billion, a PE ratio of 62.80, a price-to-earnings-growth ratio of 2.49 and a beta of 1.63. Tapestry, Inc. has a 12 month low of $58.39 and a 12 month high of $153.13. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.63 and a quick ratio of 0.93.

Tapestry (NYSE:TPR) last announced its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.49. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.00 earnings per share. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Research analysts predict that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry declared that its board has approved a stock repurchase program on Thursday, November 6th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the luxury accessories retailer to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Tapestry Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TPR shares. Jefferies Financial Group cut shares of Tapestry from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $142.00 to $138.00 in a research note on Wednesday, January 14th. Raymond James Financial raised their price target on Tapestry from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Wall Street Zen cut Tapestry from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. The Goldman Sachs Group set a $166.00 price objective on Tapestry in a research note on Friday. Finally, Wells Fargo & Company boosted their target price on shares of Tapestry from $142.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday. One equities research 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’s stock. According to MarketBeat, Tapestry currently has an average rating of “Moderate Buy” and a consensus price target of $142.33.

Tapestry News Summary

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.

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.