During the third quarter, E. Ohman J:or Asset Management AB initiated a new position in Tapestry, Inc., acquiring 7,800 shares for a total investment of approximately $883,000, according to its latest SEC filing. This move follows a string of sizeable stakes taken earlier in the year by other major funds: the Canada Pension Plan Investment Board invested roughly $5.94 million in Q1, Magnetar Financial LLC deployed about $1.96 million, and Mubadala Investment Co. PJSC committed nearly $4.08 million. Evergreen Capital Management LLC also modestly increased its holding by 209 shares, bringing its position to 6,808 shares valued at about $479,000. Collectively, institutional investors now account for 90.77% of Tapestry’s outstanding shares.

In its most recent quarterly report, Tapestry posted adjusted earnings per share of $1.38, surpassing consensus estimates by $0.13, while revenue reached $1.70 billion, a year-over-year increase of 13.1% and $70 million above analysts’ projections. Net margin stood at 3.77%, and return on equity soared to 116.42%. For the full fiscal year 2026, management has set an EPS guidance range of 5.45 to 5.60. Wall Street consensus for the year remains at 4.91, reflecting confidence in continued top-line growth driven by the Coach, Kate Spade New York and Stuart Weitzman brands.

On November 6, Tapestry’s board approved a $1 billion share repurchase program, authorizing the repurchase of up to 4.9% of outstanding stock via open market transactions. This decision signals management’s view that the company’s shares are trading below intrinsic value. Concurrently, the company declared a quarterly dividend of $0.40 per share, payable December 22 to holders of record as of December 5, translating to an annualized payout of $1.60 and a yield near 1.2%. The current payout ratio stands at approximately 143%, underscoring a commitment to returning capital despite continued reinvestment in growth initiatives.

In recent weeks, insiders have reduced their stakes: CFO Denise Kulikowsky sold 583 shares at an average price of $115.17, trimming her holding by 2.93%, while CEO Joanne Crevoiserat divested 31,735 shares at an average of $105.31, decreasing her position by 4.54%. Over the past 90 days, insiders have offloaded a combined 115,485 shares. On the analyst front, seventeen firms maintain buy ratings and four hold ratings, with price targets ranging from $116 to $150. Notable actions include JPMorgan’s upgrade to 'overweight' with a $148 target and Telsey Advisory’s reiteration of an 'outperform' stance at $150, reflecting broad optimism about margin expansion and brand momentum.