Rakuten Investment Management Inc. Acquires New Stake in Tapestry, Inc. $TPR

Posted by Geri Gentry on Aug 30th, 2026

Rakuten Investment Management Inc. bought a new position in shares of Tapestry, Inc. (NYSE:TPR – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 33,071 shares of the luxury accessories retailer’s stock, valued at approximately $4,847,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Tapestry in the second quarter valued at about $2,610,995,000. Bank of America Corp DE acquired a new position in shares of Tapestry in the second quarter worth approximately $771,309,000. Schroder Investment Management Group increased its position in Tapestry by 92.8% during the 4th quarter. Schroder Investment Management Group now owns 9,350,221 shares of the luxury accessories retailer’s stock valued at $1,194,678,000 after purchasing an additional 4,500,850 shares during the period. Norges Bank acquired a new stake in Tapestry during the 4th quarter valued at approximately $345,349,000. Finally, Wellington Management Group LLP raised its holdings in Tapestry by 632.3% during the 4th quarter. Wellington Management Group LLP now owns 2,366,502 shares of the luxury accessories retailer’s stock worth $302,368,000 after purchasing an additional 2,043,353 shares during the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.

Tapestry Trading Up 2.0%

Shares of Tapestry stock opened at $125.75 on Friday. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.25 and a current ratio of 1.75. Tapestry, Inc. has a 52 week low of $93.00 and a 52 week high of $164.80. The stock has a 50 day moving average price of $143.26 and a two-hundred day moving average price of $144.48. The stock has a market capitalization of $25.07 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.59 and a beta of 1.43.

Tapestry (NYSE:TPR – Get Free Report) last issued its earnings results on Thursday, August 13th. The luxury accessories retailer reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. Tapestry had a return on equity of 254.95% and a net margin of 19.09%.The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the firm earned $1.04 earnings per share. Tapestry’s revenue for the quarter was up 8.9% on a year-over-year basis. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. As a group, equities analysts anticipate that Tapestry, Inc. will post 7.94 earnings per share for the current fiscal year.

Tapestry Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, September 4th will be issued a dividend of $0.4625 per share. The ex-dividend date is Friday, September 4th. This is a positive change from Tapestry’s previous quarterly dividend of $0.40. This represents a $1.85 annualized dividend and a yield of 1.5%. Tapestry’s dividend payout ratio is currently 21.95%.

Insiders Place Their Bets

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. Insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TPR shares. Evercore set a $175.00 price target on shares of Tapestry in a research report on Friday, May 8th. Daiwa Securities Group upgraded shares of Tapestry from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Barclays lifted their target price on shares of Tapestry from $182.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, August 14th. Morgan Stanley dropped their target price on shares of Tapestry from $164.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, August 14th. Finally, Wall Street Zen cut shares of Tapestry from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $175.12.

Get Our Latest Report on Tapestry

Tapestry Profile

(Free Report)

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.