Allspring Global Investments Holdings LLC slashed its Tapestry position by 85.5% during the third quarter, disposing of 79,375 shares and retaining only 13,475 shares valued at approximately 1.53 million dollars as of the latest Form 13F. This divestment contrasts with increased commitments from other major institutions: Vanguard Group lifted its stake by 2.4% to 25.9 million shares (worth 2.27 billion), Geode Capital Management added 3% to reach 5.5 million shares (482 million), SRS Investment Management boosted holdings by 12.4% to 5.33 million shares (468 million), Schroder Investment Management expanded its stake by 1,661.6% to 4 million shares (351 million), and AQR Capital Management grew by 36% to 3.55 million shares (311 million). Institutional ownership now accounts for over 90% of Tapestry’s float, underscoring the critical impact of these portfolio shifts on the stock’s liquidity and investor sentiment.

Tapestry reported third-quarter revenue of 1.70 billion dollars, surpassing consensus by 70 million and marking a 13.1% year-over-year increase. Adjusted EPS came in at 1.38, topping estimates by 0.13, while net margin stood at 3.77% and return on equity reached 116.42%. Management set full-year 2026 EPS guidance in a 5.45–5.60 range, compared to the current consensus of 4.91, reflecting confidence in sustained margin expansion and growth in Coach, Kate Spade New York and Stuart Weitzman. The board also approved a buyback program authorizing up to 1 billion dollars of repurchases—roughly 4.9% of outstanding shares—signaling management’s view that the shares remain materially undervalued.

Tapestry declared a quarterly dividend of 0.40 dollars per share, representing an annualized yield of 1.2% and a payout ratio of 142.86%. The ex-dividend and payment dates in early December ensured shareholders captured the enhanced income stream. In contrast to this shareholder-friendly move, insiders have been net sellers: CEO Todd Kahn reduced his stake by 29,000 shares for nearly 3 million dollars, while CFO Scott A. Roe disposed of 18,794 shares for roughly 1.97 million dollars. Collectively, insiders offloaded 115,485 shares in the last 90 days, amounting to 12 million dollars in proceeds, which may temper enthusiasm despite the dividend boost.

Following the quarter’s results, several Wall Street firms raised their targets and maintained overweight or outperform ratings. Morgan Stanley lifted its objective from 124 to 126, JPMorgan bumped its target from 147 to 148, and Wells Fargo added more than a ten-point increase to reach 135. Telsey Advisory and Sanford C. Bernstein both reiterated outperform views with 150 targets. With 17 Buy and 4 Hold recommendations, the consensus Moderate Buy sentiment and average target near 126.21 signal that analysts see at least mid-teens upside from current levels, driven by brand strength and operational leverage across Tapestry’s luxury accessories portfolio.