New York State Teachers Retirement System Sells 15,090 Shares of Tapestry, Inc. $TPR

Key Points

• New York State Teachers Retirement System trimmed its stake in Tapestry by 8%, selling 15,090 shares in the quarter and now holds 174,177 shares (about 0.09% of the company) valued at roughly $22.26 million; institutional investors own 90.77% of Tapestry.
• Tapestry beat expectations for the latest quarter with EPS of $2.69 versus $2.20 expected and revenue of $2.50 billion (vs. $2.29B est.), and set FY2026 EPS guidance of 6.400–6.450, in line with the sell‑side consensus of 6.46.
• Notable insider selling has occurred recently—insiders sold a total of 164,956 shares worth about $25.3 million in the past 90 days, leaving insiders with just 1.32% ownership.

New York State Teachers Retirement System lowered its position in Tapestry, Inc. (NYSE:TPR - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 174,177 shares of the luxury accessories retailer's stock after selling 15,090 shares during the period. New York State Teachers Retirement System owned 0.09% of Tapestry worth $22,255,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in Tapestry by 19.3% in the third quarter. State Street Corp now owns 9,229,777 shares of the luxury accessories retailer's stock worth $1,044,995,000 after acquiring an additional 1,494,193 shares in the last quarter. Schroder Investment Management Group boosted its holdings in Tapestry by 21.1% in the third quarter. Schroder Investment Management Group now owns 4,849,371 shares of the luxury accessories retailer's stock worth $549,046,000 after acquiring an additional 846,553 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Tapestry by 21.4% in the third quarter. AQR Capital Management LLC now owns 4,307,615 shares of the luxury accessories retailer's stock worth $487,708,000 after acquiring an additional 760,646 shares in the last quarter. Northern Trust Corp boosted its holdings in Tapestry by 7.6% in the third quarter. Northern Trust Corp now owns 2,870,821 shares of the luxury accessories retailer's stock worth $325,034,000 after acquiring an additional 203,520 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Tapestry by 250.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,449,170 shares of the luxury accessories retailer's stock worth $277,295,000 after acquiring an additional 1,750,566 shares in the last quarter. Institutional investors own 90.77% of the company's stock.

Tapestry Stock Down 1.5%

TPR stock opened at $142.83 on Friday. Tapestry, Inc. has a twelve month low of $70.81 and a twelve month high of $161.97. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32. The stock's 50 day moving average is $147.31 and its 200-day moving average is $131.64. The firm has a market capitalization of $28.92 billion, a PE ratio of 59.02, a P/E/G ratio of 1.71 and a beta of 1.46.

Tapestry (NYSE:TPR - Get Free Report) last posted its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share 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 company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the company earned $2.00 earnings per share. The company'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. Sell-side analysts expect that Tapestry, Inc. will post 6.46 EPS for the current fiscal year.

Tapestry Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 6th were 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 was Friday, March 6th. Tapestry's dividend payout ratio (DPR) is presently 66.12%.

Analyst Upgrades and Downgrades

TPR has been the topic of several recent research reports. Citigroup increased their price target on Tapestry from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday. Jefferies Financial Group lowered Tapestry from a "buy" rating to a "hold" rating and cut their price target for the stock from $142.00 to $138.00 in a report on Wednesday, January 14th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price target on shares of Tapestry in a report on Friday, February 6th. BNP Paribas Exane initiated coverage on Tapestry in a report on Friday, February 13th. They issued an "outperform" rating and a $176.00 target price on the stock. Finally, Wall Street Zen lowered Tapestry from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 11th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Tapestry presently has a consensus rating of "Moderate Buy" and an average target price of $153.89.

Insider Activity at Tapestry

In related news, Director Thomas Greco sold 14,245 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $154.44, for a total transaction of $2,199,997.80. Following the completion of the sale, the director directly owned 21,302 shares of the company's stock, valued at approximately $3,289,880.88. This trade represents a 40.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Denise Kulikowsky sold 9,166 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $155.62, for a total value of $1,426,412.92. Following the sale, the insider directly owned 26,942 shares of the company's stock, valued at $4,192,714.04. The trade was a 25.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 164,956 shares of company stock valued at $25,297,262 in the last ninety days. Insiders own 1.32% of the company's stock.

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.

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