E. Ohman Jor Asset Management AB established a new position in Tapestry during the third quarter, acquiring 7,800 shares valued at approximately 883,000 dollars, according to its latest SEC filing. This move contributes to the 90.77% of the company’s shares held by institutional investors. Other notable new stakes in the period include Canada Pension Plan Investment Board’s 5.943 million dollar purchase, Magnetar Financial’s 1.961 million dollar position and Mubadala Investment Co. PJSC’s 4.073 million dollar investment. Evergreen Capital Management also modestly increased its stake by 3.2%, adding 209 shares to reach a total holding of 6,808 shares, while DRW Securities added 719,000 dollars worth of shares to its portfolio.

Tapestry’s Board of Directors authorized a one-billion-dollar share repurchase program on November 6, enabling the company to buy back up to 4.9% of its outstanding stock through open‐market transactions. Such a program typically signals management’s confidence in the intrinsic value of the shares. The authorization follows strong liquidity metrics, including a current ratio of 1.52 and a quick ratio of 0.93, underpinning the company’s ability to fund the repurchases without jeopardizing its balance sheet.

In its first fiscal quarter, Tapestry reported earnings per share of 1.38 dollars, beating consensus estimates by 0.13 dollars, on revenue of 1.70 billion dollars, surpassing projections by 70 million dollars and marking a 13.1% year-over-year increase. The company achieved a net margin of 3.77% and a return on equity of 116.42%. Management set full-year guidance at 5.450–5.600 dollars in EPS, against a sell-side consensus of 4.91 dollars. On December 22, Tapestry paid a quarterly dividend of 0.40 dollars per share, translating to a 1.60-dollar annualized dividend and a 1.2% yield, with a payout ratio standing at 142.86%.