In the third quarter, Abacus FCF Advisors LLC established a new position in Tapestry by acquiring 153,086 shares valued at approximately 17.33 million, representing 2.3 percent of the firm’s portfolio and ranking Tapestry as its 13th largest holding. By quarter-end, Abacus FCF Advisors owned roughly 0.07 percent of Tapestry’s outstanding shares. This marked a significant commitment from a single hedge fund and underscored growing institutional confidence in Tapestry’s luxury accessories business.

During the past ninety days, company insiders have disposed of 115,485 shares of Tapestry stock, generating proceeds of about 12.03 million. Notable transactions include CEO Joanne C. Crevoiserat’s sale of 31,735 shares at an average price of 105.31 for 3.34 million, and CFO Scott A. Roe’s sale of 18,794 shares at 104.85 for 1.97 million. Following these sales, insiders collectively own 1.32 percent of the company’s shares, down from prior levels, signaling a modest reduction in insider exposure.

Seventeen research analysts currently rate Tapestry as a buy and four rate it a hold, yielding a consensus recommendation of Moderate Buy. Recent revisions include Goldman Sachs raising its price target to 130, Telsey Advisory Group reaffirming an outperform rating with a 150 objective, JPMorgan Chase boosting its target to 148, and Morgan Stanley lifting its target to 126. The average analyst target stands at 122, reflecting optimism around Tapestry’s revenue growth trajectory and margin expansion potential.

Tapestry’s board has authorized a share repurchase plan of up to 1.0 billion, equivalent to repurchasing 4.9 percent of outstanding shares through open-market purchases. Additionally, the company declared a quarterly dividend of 0.40 per share, translating to a 1.2 percent yield and an annualized payout of 1.60. With a dividend payout ratio of 142.86 percent, these moves demonstrate management’s commitment to returning capital to shareholders while signaling confidence in future free cash flow generation.