Teacher Retirement System of Texas Acquires 131,242 Shares of Tapestry, Inc. $TPR

Key Points

• Teacher Retirement System of Texas more than doubled its stake in Tapestry, buying 131,242 additional shares (a 105.1% increase) to hold 256,169 shares valued at about $32.73 million (~0.13% of the company).
• Tapestry posted a strong quarter—EPS $2.69 vs. $2.20 expected and revenue up 14%—and set FY2026 guidance of $6.40–$6.45 EPS, while analysts maintain a consensus "Moderate Buy" with a $153.06 price target.
• Institutional ownership is very high at 90.77% with several major funds significantly increasing positions, but insiders sold 164,956 shares (≈$25.3M) last quarter and now own 1.32% of the stock.

Teacher Retirement System of Texas boosted its holdings in shares of Tapestry, Inc. (NYSE:TPR - Free Report) by 105.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256,169 shares of the luxury accessories retailer's stock after acquiring an additional 131,242 shares during the period. Teacher Retirement System of Texas owned about 0.13% of Tapestry worth $32,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TPR. Massachusetts Financial Services Co. MA grew its holdings in Tapestry by 250.6% during 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 acquiring an additional 1,750,566 shares in the last quarter. State Street Corp raised 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 purchasing an additional 1,494,193 shares in the last quarter. Voloridge Investment Management LLC boosted its holdings in shares of Tapestry by 160.5% in the 3rd quarter. Voloridge Investment Management LLC now owns 1,886,518 shares of the luxury accessories retailer's stock valued at $213,592,000 after buying an additional 1,162,442 shares in the last quarter. Two Sigma Investments LP boosted its holdings in shares of Tapestry by 426.8% in the 3rd quarter. Two Sigma Investments LP now owns 1,122,520 shares of the luxury accessories retailer's stock valued at $127,092,000 after buying an additional 909,433 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of Tapestry by 191.9% in the 3rd quarter. Barclays PLC now owns 1,297,394 shares of the luxury accessories retailer's stock valued at $146,891,000 after buying an additional 852,908 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

Tapestry Stock Performance

TPR opened at $146.46 on Friday. Tapestry, Inc. has a 52-week low of $66.64 and a 52-week 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 company has a market cap of $29.65 billion, a P/E ratio of 60.52, a price-to-earnings-growth ratio of 1.75 and a beta of 1.59. The firm's 50-day moving average price is $148.22 and its 200-day moving average price is $130.45.

Tapestry (NYSE:TPR - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.49. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the prior year, the company posted $2.00 earnings per share. The company's revenue for the quarter was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, equities analysts anticipate that Tapestry, Inc. will post 6.45 EPS for the current fiscal year.

Tapestry Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 6th were given a $0.40 dividend. The ex-dividend date was Friday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Tapestry's dividend payout ratio is currently 66.12%.

Insider Transactions at Tapestry

In related news, Director Anne Gates sold 6,498 shares of the company's stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $153.79, for a total value of $999,327.42. Following the sale, the director owned 22,698 shares in the company, valued at $3,490,725.42. This represents a 22.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Manesh Dadlani sold 2,147 shares of the company's stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $153.47, for a total value of $329,500.09. Following the completion of the sale, the vice president owned 18,475 shares in the company, valued at approximately $2,835,358.25. This represents a 10.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 164,956 shares of company stock valued at $25,297,262 over the last quarter. Company insiders own 1.32% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TPR shares. Barclays set a $179.00 price target on shares of Tapestry and gave the company an "overweight" rating in a report on Friday, February 6th. Zacks Research upgraded shares of Tapestry from a "hold" rating to a "strong-buy" rating in a report on Monday, February 9th. Telsey Advisory Group raised their price target on shares of Tapestry to $150.00 and gave the company an "outperform" rating in a report on Thursday, February 5th. Argus set a $165.00 price target on shares of Tapestry in a report on Thursday, March 12th. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $170.00 price objective on shares of Tapestry in a report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Tapestry has a consensus rating of "Moderate Buy" and a consensus price target of $153.06.

About Tapestry

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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