BI Asset Management Fondsmaeglerselskab A S Sells 56,519 Shares of Tapestry, Inc. $TPR

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in Tapestry, Inc. (NYSE:TPR) by 75.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,129 shares of the luxury accessories retailer’s stock after selling 56,519 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Tapestry were worth $2,053,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TPR. Great Diamond Partners LLC acquired a new stake in shares of Tapestry in the 3rd quarter valued at approximately $2,395,000. Stevens Capital Partners acquired a new stake in Tapestry in the third quarter worth $8,880,000. Three Seasons Wealth LLC bought a new position in shares of Tapestry during the third quarter worth $1,882,000. Fisher Asset Management LLC grew its holdings in shares of Tapestry by 5,027.6% in the 2nd quarter. Fisher Asset Management LLC now owns 499,988 shares of the luxury accessories retailer’s stock valued at $43,904,000 after buying an additional 490,237 shares during the period. Finally, Abacus FCF Advisors LLC bought a new stake in shares of Tapestry in the 3rd quarter valued at $17,332,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Tapestry Trading Up 6.1%

Shares of NYSE:TPR opened at $151.97 on Friday. The company’s 50-day moving average price is $127.42 and its two-hundred day moving average price is $114.96. Tapestry, Inc. has a one year low of $58.39 and a one year 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. The stock has a market capitalization of $31.10 billion, a PE ratio of 62.80, a price-to-earnings-growth ratio of 2.65 and a beta of 1.63.

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

Tapestry Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s dividend payout ratio is presently 142.86%.

Tapestry announced that its board has initiated a stock repurchase plan on Thursday, November 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the luxury accessories retailer to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Trending Headlines about Tapestry

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.

Analyst Ratings Changes

TPR has been the topic of several recent analyst reports. Robert W. Baird set a $160.00 target price on Tapestry in a report on Friday. The Goldman Sachs Group set a $166.00 price target on shares of Tapestry in a research note on Friday. Wall Street Zen cut shares of Tapestry from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Sanford C. Bernstein restated an “outperform” rating and set a $170.00 price objective on shares of Tapestry in a report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Tapestry from $147.00 to $148.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $142.33.

Insiders Place Their Bets

In other Tapestry news, CEO Todd Kahn sold 29,000 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $102.83, for a total value of $2,982,070.00. Following the completion of the sale, the chief executive officer owned 86,736 shares in the company, valued at $8,919,062.88. This trade represents a 25.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Joanne C. Crevoiserat sold 31,735 shares of Tapestry stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 667,233 shares of the company’s stock, valued at approximately $70,266,307.23. This trade represents a 4.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 115,485 shares of company stock valued at $12,034,058 in the last ninety days. 1.32% of the stock is currently owned by insiders.

Tapestry 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.