Correct Capital Wealth Management Reduces Stock Holdings in Tapestry, Inc. $TPR

Correct Capital Wealth Management lessened its stake in Tapestry, Inc. (NYSE:TPR) by 29.3% in the third quarter, Holdings Channel reports. The fund owned 13,500 shares of the luxury accessories retailer’s stock after selling 5,584 shares during the quarter. Correct Capital Wealth Management’s holdings in Tapestry were worth $1,528,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TPR. Schroder Investment Management Group lifted its position in shares of Tapestry by 1,661.6% during the second quarter. Schroder Investment Management Group now owns 4,002,818 shares of the luxury accessories retailer’s stock worth $351,487,000 after purchasing an additional 3,775,593 shares in the last quarter. Norges Bank purchased a new stake in Tapestry during the 2nd quarter worth $227,248,000. Massachusetts Financial Services Co. MA lifted its holdings in Tapestry by 250.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,449,170 shares of the luxury accessories retailer’s stock worth $277,295,000 after buying an additional 1,750,566 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Tapestry by 36.0% in the 2nd quarter. AQR Capital Management LLC now owns 3,546,969 shares of the luxury accessories retailer’s stock worth $311,388,000 after buying an additional 939,227 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in Tapestry by 2,547.4% in the 2nd quarter. Marshall Wace LLP now owns 955,667 shares of the luxury accessories retailer’s stock valued at $83,917,000 after buying an additional 919,569 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Insider Buying and Selling at Tapestry

In related news, CEO Todd Kahn sold 10,344 shares of the 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 owned 131,815 shares in the company, valued at $14,104,205. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David E. Howard sold 25,029 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $102.50, for a total transaction of $2,565,472.50. Following the completion of the transaction, the insider directly owned 55,354 shares in the company, valued at $5,673,785. This represents a 31.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 115,485 shares of company stock worth $12,034,058. 1.32% of the stock is owned by company insiders.

Tapestry Price Performance

Shares of NYSE TPR opened at $151.97 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.93 and a debt-to-equity ratio of 4.32. The company has a market capitalization of $31.10 billion, a price-to-earnings ratio of 62.80, a price-to-earnings-growth ratio of 2.65 and a beta of 1.63. Tapestry, Inc. has a twelve month low of $58.39 and a twelve month high of $153.13. The business has a 50 day simple moving average of $127.42 and a 200-day simple moving average of $114.96.

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

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

Tapestry Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s dividend payout ratio is currently 142.86%.

Key Tapestry News

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.

Wall Street Analysts Forecast Growth

TPR has been the topic of a number of analyst reports. Wall Street Zen lowered Tapestry from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. BTIG Research upped their target price on Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Friday. Jefferies Financial Group cut Tapestry from a “buy” rating to a “hold” rating and reduced their target price for the company from $142.00 to $138.00 in a research note on Wednesday, January 14th. Morgan Stanley lifted their price target on shares of Tapestry from $124.00 to $126.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Finally, The Goldman Sachs Group set a $166.00 price target on shares of Tapestry in a report on Friday. One investment 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $142.33.

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.