L2 Asset Management LLC Invests $8.68 Million in Tapestry, Inc. $TPR

Posted by Geri Gentry on Aug 25th, 2026

L2 Asset Management LLC bought a new position in shares of Tapestry, Inc. (NYSE:TPR – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 59,310 shares of the luxury accessories retailer’s stock, valued at approximately $8,682,000. Tapestry accounts for approximately 0.9% of L2 Asset Management LLC’s holdings, making the stock its 25th biggest position.

Other institutional investors have also bought and sold shares of the company. Eurizon Capital SGR S.p.A. bought a new stake in Tapestry during the fourth quarter worth about $8,109,000. Norges Bank acquired a new stake in shares of Tapestry during the fourth quarter worth approximately $345,349,000. Keystone Investors PTE Ltd. raised its stake in shares of Tapestry by 17.4% in the fourth quarter. Keystone Investors PTE Ltd. now owns 62,622 shares of the luxury accessories retailer’s stock valued at $8,001,000 after acquiring an additional 9,303 shares during the last quarter. SEB Asset Management AB bought a new position in shares of Tapestry in the first quarter valued at approximately $59,525,000. Finally, North Dakota State Investment Board bought a new position in shares of Tapestry in the fourth quarter valued at approximately $2,417,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Wall Street Analyst Weigh In

TPR has been the topic of a number of research analyst reports. BTIG Research decreased their price target on Tapestry from $180.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Barclays lifted their price objective on Tapestry from $182.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, August 14th. JPMorgan Chase & Co. boosted their price objective on Tapestry from $205.00 to $211.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Wells Fargo & Company decreased 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, Telsey Advisory Group raised their target price on Tapestry from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Tapestry has a consensus rating of “Moderate Buy” and an average target price of $175.12.

Check Out Our Latest Analysis on TPR

Insider Activity at Tapestry

In other news, CEO Joanne C. Crevoiserat sold 27,761 shares of Tapestry stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $132.47, for a total value of $3,677,499.67. Following the completion of the sale, 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 position. 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. Company insiders own 1.32% of the company’s stock.

Tapestry Price Performance

Shares of TPR stock opened at $132.16 on Tuesday. Tapestry, Inc. has a 1 year low of $93.00 and a 1 year high of $164.80. 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 firm’s 50 day moving average is $144.75 and its 200-day moving average is $144.91. The firm has a market capitalization of $26.35 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 1.65 and a beta of 1.43.

Tapestry (NYSE:TPR – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The luxury accessories retailer reported $1.32 earnings per share 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 during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the business posted $1.04 earnings per share. Tapestry’s revenue for the quarter was up 8.9% compared to the same quarter last year. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. Sell-side analysts forecast that Tapestry, Inc. will post 7.94 EPS for the current fiscal year.

Tapestry Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, September 4th will be given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, September 4th. This is a positive change from Tapestry’s previous quarterly dividend of $0.40. Tapestry’s dividend payout ratio is 21.95%.

About Tapestry

(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.