812,909 Shares in Tapestry, Inc. $TPR Acquired by Legal & General Group Plc

Posted by Francis Steltz on Aug 28th, 2026

Legal & General Group Plc purchased a new stake in shares of Tapestry, Inc. (NYSE:TPR – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 812,909 shares of the luxury accessories retailer’s stock, valued at approximately $118,994,000. Legal & General Group Plc owned approximately 0.40% of Tapestry at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Eurizon Capital SGR S.p.A. acquired a new stake in Tapestry in the 4th quarter valued at about $8,109,000. Norges Bank acquired a new position in shares of Tapestry during the fourth quarter worth approximately $345,349,000. SEB Asset Management AB bought a new stake in shares of Tapestry during the first quarter valued at approximately $59,525,000. Keystone Investors PTE Ltd. grew its stake in shares of Tapestry by 17.4% during 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 purchasing an additional 9,303 shares during the last quarter. Finally, Vega Investment Solutions acquired a new stake in shares of Tapestry in the second quarter valued at approximately $10,322,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Tapestry Price Performance

Shares of TPR stock opened at $123.14 on Friday. Tapestry, Inc. has a 52-week low of $93.00 and a 52-week high of $164.80. The stock has a market cap of $24.55 billion, a PE ratio of 16.89, a PEG ratio of 1.65 and a beta of 1.43. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.25 and a current ratio of 1.75. The firm’s 50 day moving average price is $143.63 and its two-hundred day moving average price is $144.61.

Tapestry (NYSE:TPR – Get Free Report) last issued its earnings results 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. Tapestry had a net margin of 19.09% and a return on equity of 254.95%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the company posted $1.04 EPS. The business’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. As a group, analysts forecast that Tapestry, Inc. will post 7.94 EPS for the current year.

Tapestry Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, September 4th will be paid a $0.4625 dividend. The ex-dividend date of this dividend 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 payout ratio is currently 21.95%.

Analysts Set New Price Targets

Several research firms recently weighed in on TPR. Evercore set a $175.00 price objective on shares of Tapestry in a research report on Friday, May 8th. Barclays boosted their target price on Tapestry from $182.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, August 14th. Zacks Research lowered Tapestry from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. BTIG Research decreased their price target on Tapestry from $180.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Finally, Morgan Stanley lowered their price objective on Tapestry from $164.00 to $159.00 and set an “overweight” rating for the company in a research report on Friday, August 14th. Two equities 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’s stock. Based on data from MarketBeat.com, Tapestry presently has an average rating of “Moderate Buy” and a consensus target price of $175.12.

Check Out Our Latest Research Report on Tapestry

Insiders Place Their Bets

In other Tapestry news, CEO Joanne C. Crevoiserat sold 27,761 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $132.47, for a total transaction of $3,677,499.67. Following the transaction, the chief executive officer owned 666,149 shares in the company, valued at approximately $88,244,758.03. This trade represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.32% of the company’s stock.

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.