VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 300,100 Tapestry, Inc. $TPR

Posted by Brenda Bartman on Sep 7th, 2026

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Tapestry, Inc. (NYSE:TPR – Free Report) in the second quarter, HoldingsChannel reports. The fund purchased 300,100 shares of the luxury accessories retailer’s stock, valued at approximately $43,929,000.

Several other hedge funds also recently made changes to their positions in TPR. California State Teachers Retirement System raised its holdings in shares of Tapestry by 14,151.5% in the second quarter. California State Teachers Retirement System now owns 45,170,672 shares of the luxury accessories retailer’s stock valued at $6,612,083,000 after purchasing an additional 44,853,719 shares during the last quarter. Wedmont Private Capital boosted its holdings in Tapestry by 2.2% during the second quarter. Wedmont Private Capital now owns 5,241 shares of the luxury accessories retailer’s stock worth $738,000 after purchasing an additional 115 shares during the last quarter. Nilsine Partners LLC boosted its holdings in Tapestry by 6.4% during the second quarter. Nilsine Partners LLC now owns 3,955 shares of the luxury accessories retailer’s stock worth $579,000 after purchasing an additional 239 shares during the last quarter. Saudi Central Bank grew its position in Tapestry by 87.6% in the second quarter. Saudi Central Bank now owns 14,172 shares of the luxury accessories retailer’s stock valued at $2,074,000 after purchasing an additional 6,618 shares in the last quarter. Finally, AlphaGrep UK Ltd bought a new position in Tapestry in the second quarter valued at $260,000. 90.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on TPR shares. UBS Group boosted their price target on shares of Tapestry from $230.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. JPMorgan Chase & Co. raised their price objective on Tapestry from $205.00 to $211.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. BTIG Research lowered their target price on Tapestry from $180.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Wells Fargo & Company dropped their target price on Tapestry from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, August 13th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $185.00 price target (up from $180.00) on shares of Tapestry in a research report on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $175.12.

View Our Latest Stock Analysis on Tapestry

Tapestry Trading Down 0.1%

Shares of Tapestry stock opened at $122.01 on Monday. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.75 and a quick ratio of 1.25. The business has a fifty day simple moving average of $140.70 and a two-hundred day simple moving average of $143.32. Tapestry, Inc. has a 1 year low of $93.00 and a 1 year high of $164.80. The company has a market capitalization of $24.33 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 1.55 and a beta of 1.42.

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

Tapestry Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Friday, September 4th will be paid a $0.4625 dividend. This is an increase from Tapestry’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, September 4th. This represents a $1.85 dividend on an annualized basis and a yield of 1.5%. Tapestry’s dividend payout ratio (DPR) is currently 25.38%.

Insiders Place Their Bets

In other Tapestry news, CEO Joanne Crevoiserat sold 27,761 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $132.47, for a total transaction of $3,677,499.67. Following the completion of the sale, the chief executive officer directly owned 666,149 shares in the company, valued at $88,244,758.03. This trade represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is currently owned by corporate insiders.

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.