Tapestry, Inc. $TPR Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its stake in Tapestry, Inc. (NYSE:TPR) by 33.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 297,476 shares of the luxury accessories retailer’s stock after selling 152,282 shares during the quarter. Principal Financial Group Inc.’s holdings in Tapestry were worth $33,680,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Woodline Partners LP lifted its stake 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 buying an additional 3,495 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Tapestry during the 1st quarter worth approximately $493,000. Sivia Capital Partners LLC purchased a new stake in Tapestry in the second quarter valued at $602,000. Janney Montgomery Scott LLC raised its stake in shares of Tapestry by 292.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 30,733 shares of the luxury accessories retailer’s stock valued at $2,699,000 after acquiring an additional 22,899 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Tapestry in the 2nd quarter valued at $37,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tapestry

In related news, CEO Joanne C. Crevoiserat sold 31,735 shares of Tapestry stock in a transaction on Friday, November 21st. The shares were sold at an average price of $105.31, for a total transaction of $3,342,012.85. Following the sale, the chief executive officer owned 667,233 shares of the company’s stock, valued at $70,266,307.23. The trade was a 4.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Scott A. Roe sold 18,794 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $104.85, for a total transaction of $1,970,550.90. Following the completion of the transaction, the chief financial officer owned 148,149 shares in the company, valued at $15,533,422.65. This represents a 11.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 115,485 shares of company stock valued at $12,034,058. 1.32% of the stock is currently owned by corporate insiders.

Trending Headlines about Tapestry

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Company beat Q2 estimates — reported $2.69 EPS vs. ~$2.20 expected and $2.50B revenue (+14% YoY), outperforming consensus and signaling healthy holiday demand. Article Link
• Positive Sentiment: Raised FY2026 guidance — company issued EPS guidance of $6.40–$6.45 and raised revenue targets (~$7.8B), well above prior consensus, giving greater visibility to profit growth. Article Link
• Positive Sentiment: Brand momentum at Coach — management credited Coach (Tabby handbag demand) with powering a record quarter, driving the upside in revenue and free cash flow. That brand leadership is central to the bullish case. Article Link
• Positive Sentiment: Analyst support — multiple firms reaffirmed/upgraded coverage and lifted targets (Telsey reaffirmed “Outperform” with a $150 PT; Evercore raised its PT to $150), adding buy‑side momentum. Article Link Article Link
• Neutral Sentiment: Dividend declared — quarterly cash dividend of $0.40 per share (ex‑dividend March 6), a modest yield that supports income investors but is not likely to be a major catalyst.
• Neutral Sentiment: Availability of detailed commentary — earnings call transcript and slide deck are posted for deeper read‑throughs on margins, inventory and regional trends if you want to validate sustainability of the beat. Article Link
• Negative Sentiment: Weakness at Kate Spade — management noted declines in Kate Spade that offset some gains; a sustained brand‑mix shift would be a risk to overall growth if Coach momentum cools. Article Link
• Negative Sentiment: Valuation and leverage — the shares trade at a high P/E relative to peers and the company shows elevated reported leverage metrics; both raise the bar for future results to justify the rally.

Tapestry Stock Performance

Tapestry stock opened at $143.11 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 5.95. The firm has a market capitalization of $29.29 billion, a P/E ratio of 127.78, a PEG ratio of 2.23 and a beta of 1.63. Tapestry, Inc. has a 52 week low of $58.39 and a 52 week high of $145.42. The stock has a fifty day moving average price of $126.55 and a 200 day moving average price of $114.59.

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, topping the consensus estimate of $2.20 by $0.49. Tapestry had a net margin of 3.77% and a return on equity of 116.42%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the previous year, the firm earned $2.00 earnings per share. Tapestry’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. Equities research analysts anticipate 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 repurchase plan on Thursday, November 6th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the luxury accessories retailer to reacquire up to 4.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Tapestry Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be issued 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 is currently 142.86%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TPR shares. Raymond James Financial boosted their target price on Tapestry from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. BTIG Research started coverage on Tapestry in a research report on Tuesday, October 14th. They set a “buy” rating and a $140.00 price objective for the company. Morgan Stanley raised their price objective on shares of Tapestry from $124.00 to $126.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Argus raised Tapestry to a “strong-buy” rating in a report on Friday, January 16th. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of Tapestry in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $132.32.

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.