Thrivent Financial for Lutherans Sells 31,329 Shares of Tapestry, Inc. $TPR

Thrivent Financial for Lutherans lowered its stake in shares of Tapestry, Inc. (NYSE:TPR) by 43.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,966 shares of the luxury accessories retailer’s stock after selling 31,329 shares during the period. Thrivent Financial for Lutherans’ holdings in Tapestry were worth $4,638,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Keybank National Association OH boosted its stake in Tapestry by 14.8% in the 3rd quarter. Keybank National Association OH now owns 46,066 shares of the luxury accessories retailer’s stock worth $5,216,000 after purchasing an additional 5,952 shares during the period. National Pension Service purchased a new stake in shares of Tapestry in the third quarter worth about $608,000. Cornerstone Wealth Management LLC bought a new position in shares of Tapestry in the third quarter valued at approximately $215,000. Arizona State Retirement System grew its stake in Tapestry by 1.3% during the third quarter. Arizona State Retirement System now owns 61,222 shares of the luxury accessories retailer’s stock valued at $6,932,000 after acquiring an additional 806 shares in the last quarter. Finally, Cloud Capital Management LLC bought a new stake in Tapestry during the 3rd quarter worth approximately $26,000. 90.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TPR has been the subject of several analyst reports. Barclays set a $179.00 price target on shares of Tapestry and gave the company an “overweight” rating in a report on Friday. BTIG Research lifted their price objective on Tapestry from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Tapestry in a research report on Wednesday, January 21st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Tapestry in a report on Friday. Finally, UBS Group lifted their price target on Tapestry from $105.00 to $123.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $142.33.

Key Headlines Impacting Tapestry

Here are the key news stories impacting Tapestry this week:

• Positive Sentiment: Q2 beat and materially raised FY‑2026 guidance — Tapestry reported $2.69 EPS vs. ~$2.20 consensus and $2.50B revenue (up 14% YoY); management raised FY26 EPS guidance to $6.40–$6.45 and lifted revenue plans (~$7.8B), signaling stronger-than-expected margin and top‑line momentum. Read More.
• Positive Sentiment: BTIG increased its price target to $175 and kept a “buy” rating — a meaningful upside signal from a sell‑side firm. Read More.
• Positive Sentiment: Citigroup raised its price target to $165 and moved to “buy,” reinforcing analyst enthusiasm after the quarter. Read More.
• Positive Sentiment: Evercore raised its target (to $150) — another upgrade contributing to bullish analyst momentum. Read More.
• Positive Sentiment: Declared dividend — Tapestry announced a $0.40 quarterly dividend (record/ex‑dividend date March 6), which supports income investors and signals confidence from the board.
• Positive Sentiment: Technical/market interest — Relative Strength (RS) rating jumped to 94 and the stock hit all‑time highs as investors digested the results, increasing momentum and retail/institutional attention. Read More.
• Neutral Sentiment: Telsey Advisory Group set an “outperform” rating with a $150 target (slightly below the intra‑day price), reflecting mixed near‑term upside expectations. Read More.
• Neutral Sentiment: Earnings call materials and transcripts are available for deeper read of margin drivers, geographic trends and brand performance. These are useful for modeling but are informational rather than new catalysts. Read More.
• Negative Sentiment: At least one analyst argued Coach’s momentum is unsustainable and issued a downgrade note — a cautionary view that could temper enthusiasm if future comps slow. Read More.

Insider Activity

In other Tapestry news, CEO Joanne C. Crevoiserat sold 31,735 shares of Tapestry stock in a transaction on Friday, November 21st. The stock was sold at an average price of $105.31, for a total value of $3,342,012.85. Following the completion of the sale, the chief executive officer owned 667,233 shares of the company’s stock, valued at approximately $70,266,307.23. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David E. Howard sold 25,029 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $102.50, for a total value of $2,565,472.50. Following the transaction, the insider directly owned 55,354 shares in the company, valued at approximately $5,673,785. The trade was a 31.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 115,485 shares of company stock worth $12,034,058. Company insiders own 1.32% of the company’s stock.

Tapestry Price Performance

TPR opened at $151.97 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.93 and a debt-to-equity ratio of 4.32. The stock has a market capitalization of $31.10 billion, a P/E ratio of 62.80, a PEG ratio of 2.65 and a beta of 1.63. The stock has a 50-day moving average price of $127.42 and a 200-day moving average price of $114.96. Tapestry, Inc. has a 12-month low of $58.39 and a 12-month high of $153.13.

Tapestry (NYSE:TPR) last released its earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.49. Tapestry had a return on equity of 157.98% and a net margin of 6.95%.The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the company posted $2.00 EPS. Tapestry’s quarterly revenue was up 14.0% compared to the same quarter last year. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. Equities analysts predict that Tapestry, Inc. will post 4.91 earnings per share for the current fiscal year.

Tapestry Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Friday, March 6th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, March 6th. Tapestry’s payout ratio is presently 142.86%.

Tapestry declared that its board has authorized a stock repurchase plan on Thursday, November 6th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the luxury accessories retailer to repurchase up to 4.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

Tapestry Company Profile

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.