Man Group plc Buys New Stake in Tapestry, Inc. $TPR

Posted by George Bondi on Aug 27th, 2026

Man Group plc purchased a new position in Tapestry, Inc. (NYSE:TPR – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 285,086 shares of the luxury accessories retailer’s stock, valued at approximately $41,731,000.

Other large investors have also made changes to their positions in the company. Cetera Trust Company N.A purchased a new position in Tapestry during the 2nd quarter worth $26,000. Keating Financial Advisory Services Inc. purchased a new stake in Tapestry in the second quarter valued at about $31,000. Acumen Wealth Advisors LLC acquired a new stake in Tapestry in the fourth quarter worth about $28,000. Virtus Advisers LLC acquired a new stake in Tapestry in the second quarter worth about $32,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Tapestry during the fourth quarter valued at about $32,000. 90.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Joanne C. 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 sale, the chief executive officer owned 666,149 shares of the company’s stock, valued at $88,244,758.03. This trade represents a 4.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.32% of the company’s stock.

Tapestry Trading Down 0.0%

Shares of Tapestry stock opened at $130.06 on Thursday. The stock has a market cap of $25.93 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 1.65 and a beta of 1.43. The firm has a fifty day moving average price of $144.05 and a 200 day moving average price of $144.81. Tapestry, Inc. has a 1 year low of $93.00 and a 1 year high of $164.80. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.75 and a quick ratio of 1.25.

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

Tapestry Increases Dividend

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

Analysts Set New Price Targets

Several brokerages recently commented on TPR. Zacks Research lowered shares of Tapestry from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. 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 research report on Friday, August 14th. Evercore set a $175.00 price target on shares of Tapestry in a report on Friday, May 8th. Telsey Advisory Group lifted their price objective on shares of Tapestry from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, BTIG Research dropped their price objective on shares of Tapestry from $180.00 to $175.00 and set a “buy” rating on the stock in a 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $175.12.

Get Our Latest Stock Report on TPR

Tapestry Company 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.