California State Teachers Retirement System Has $6.61 Billion Position in Tapestry, Inc. $TPR

Posted by Brenda Bartman on Sep 10th, 2026

California State Teachers Retirement System boosted its stake in shares of Tapestry, Inc. (NYSE:TPR – Free Report) by 14,151.5% during the second quarter, HoldingsChannel.com reports. The firm owned 45,170,672 shares of the luxury accessories retailer’s stock after acquiring an additional 44,853,719 shares during the period. California State Teachers Retirement System owned approximately 0.23% of Tapestry worth $6,612,083,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TPR. Cetera Trust Company N.A purchased a new stake in Tapestry in the 2nd quarter worth approximately $26,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Tapestry during the 2nd quarter valued at $31,000. Acumen Wealth Advisors LLC purchased a new position in shares of Tapestry during the 4th quarter valued at $28,000. Virtus Advisers LLC acquired a new position in shares of Tapestry in the second quarter worth $32,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Tapestry in the fourth quarter worth $32,000. Institutional investors and hedge funds own 90.77% of the company’s stock.

Tapestry Stock Down 3.3%

Shares of Tapestry stock opened at $113.64 on Thursday. Tapestry, Inc. has a 12-month low of $93.00 and a 12-month high of $164.80. The company has a quick ratio of 1.25, a current ratio of 1.75 and a debt-to-equity ratio of 3.44. The stock has a 50 day moving average price of $139.02 and a two-hundred day moving average price of $142.56. The stock has a market capitalization of $22.66 billion, a P/E ratio of 15.59, a PEG ratio of 1.49 and a beta of 1.42.

Tapestry (NYSE:TPR – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The luxury accessories retailer reported $1.32 EPS 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 company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm posted $1.04 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. Tapestry has set its FY 2027 guidance at 7.800-7.900 EPS. Equities analysts expect that Tapestry, Inc. will post 7.94 earnings per share for the current year.

Tapestry Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 21st. Investors of record on Friday, September 4th will be issued a $0.4625 dividend. This is a boost from Tapestry’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, September 4th. This represents a $1.85 annualized dividend and a yield of 1.6%. Tapestry’s payout ratio is 25.38%.

Insiders Place Their Bets

In other Tapestry news, CEO Joanne Crevoiserat sold 27,761 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 666,149 shares of the company’s stock, valued at $88,244,758.03. The trade was a 4.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TPR has been the subject of several recent research reports. UBS Group reiterated a “buy” rating on shares of Tapestry in a report on Tuesday. Morgan Stanley dropped their target price on Tapestry from $164.00 to $159.00 and set an “overweight” rating on the stock in a research report on Friday, August 14th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $185.00 target price (up from $180.00) on shares of Tapestry in a research report on Friday, August 14th. Wall Street Zen downgraded Tapestry from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, BTIG Research reduced their price target on Tapestry from $180.00 to $175.00 and set a “buy” rating for the company in a 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 assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $175.12.

View Our Latest Analysis on Tapestry

Tapestry Company Profile

(Free Report)

Tapestry, Inc is a global house of modern luxury accessories and lifestyle brands. Its portfolio includes Coach, known for handbags, leather goods, footwear, apparel, jewelry, watches, and fragrance; Kate Spade New York, which offers handbags, accessories, apparel, footwear, jewelry, home products, and fragrance; and Stuart Weitzman, a designer of women’s luxury footwear.

The company sells its products through directly operated stores, e-commerce platforms, wholesale partners, and specialty retailers.