Tapestry, Inc. $TPR Stake Boosted by Sumitomo Mitsui Trust Group Inc.

05 Nov 2026, 05:44 by Jessica Moore · The Cerbat Gem

Sumitomo Mitsui Trust Group Inc. raised its stake in Tapestry, Inc. (NYSE:TPR – Free Report) by 2.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 416,968 shares of the luxury accessories retailer’s stock after purchasing an additional 8,686 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.21% of Tapestry worth $47,968,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. World Investment Advisors raised its stake in shares of Tapestry by 3.6% in the first quarter. World Investment Advisors now owns 1,979 shares of the luxury accessories retailer’s stock worth $279,000 after purchasing an additional 69 shares during the last quarter. Eastern Bank raised its position in shares of Tapestry by 24.4% during the 2nd quarter. Eastern Bank now owns 392 shares of the luxury accessories retailer’s stock valued at $57,000 after buying an additional 77 shares in the last quarter. NewEdge Wealth LLC boosted its stake in Tapestry by 2.7% during the first quarter. NewEdge Wealth LLC now owns 3,186 shares of the luxury accessories retailer’s stock worth $450,000 after buying an additional 85 shares during the period. Ashton Thomas Securities LLC raised its position in Tapestry by 4.7% in the 1st quarter. Ashton Thomas Securities LLC now owns 2,002 shares of the luxury accessories retailer’s stock worth $283,000 after purchasing an additional 90 shares during the period. Finally, CX Institutional boosted its holdings in Tapestry by 1.3% during the 3rd quarter. CX Institutional now owns 7,800 shares of the luxury accessories retailer’s stock valued at $897,000 after acquiring an additional 99 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on TPR shares. Wall Street Zen lowered Tapestry from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Zacks Research lowered Tapestry from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. TD Cowen assumed coverage on shares of Tapestry in a research report on Friday, October 30th. They set a “strong-buy” rating on the stock. UBS Group decreased their target price on Tapestry from $232.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, October 20th. Finally, Raymond James Financial reduced their price objective on shares of Tapestry from $165.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $170.00.

View Our Latest Report on TPR

Insider Buying and Selling

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,761 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $132.47, for a total value of $3,677,499.67. Following the transaction, the chief executive officer directly owned 666,149 shares of the company’s stock, valued at approximately $88,244,758.03. This trade represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Denise Kulikowsky sold 5,810 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $115.38, for a total transaction of $670,357.80. Following the completion of the sale, the insider owned 21,136 shares of the company’s stock, valued at approximately $2,438,671.68. This trade represents a 21.56% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.28% of the stock is currently owned by company insiders.

Tapestry Stock Performance

TPR stock opened at $125.30 on Thursday. The company has a current ratio of 1.75, a quick ratio of 1.25 and a debt-to-equity ratio of 3.44. The stock’s 50 day simple moving average is $117.13 and its 200 day simple moving average is $136.92. The firm has a market cap of $24.98 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.53 and a beta of 1.44. Tapestry, Inc. has a 12-month low of $93.00 and a 12-month high of $164.80.

Tapestry (NYSE:TPR – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The luxury accessories retailer reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.04. Tapestry had a net margin of 19.09% and a return on equity of 254.95%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business earned $1.04 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. As a group, equities research analysts predict that Tapestry, Inc. will post 7.95 EPS for the current year.

Tapestry Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Friday, September 4th were issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, September 4th. This is a boost from Tapestry’s previous quarterly dividend of $0.40. Tapestry’s payout ratio is presently 25.38%.

Tapestry Profile

(Free Report)

Tapestry, Inc is a global house of modern luxury accessories and lifestyle brands. The company’s portfolio includes Coach, known for handbags, leather goods, footwear, apparel and accessories; Kate Spade New York, which offers handbags, accessories, apparel, footwear, home products and related lifestyle merchandise; and Stuart Weitzman, a designer and manufacturer of women’s footwear.

Tapestry sells its products through company-operated stores, outlet locations, e-commerce websites, wholesale partners and select distributors.