During the third quarter, E. Ohman J:or Asset Management AB initiated a fresh position in Tapestry by acquiring 7,800 shares of the luxury accessories retailer, representing an investment of approximately $883,000 as per its latest SEC filing. This follows major stakes established earlier in the year by Canada Pension Plan Investment Board, which deployed nearly $5.94 million in the first quarter, and Mubadala Investment Co., which committed about $4.07 million. Magnetar Financial added close to $1.96 million, while DRW Securities and Evergreen Capital Management also expanded their holdings. Collectively, hedge funds and other institutions now control over 90% of Tapestry’s outstanding shares, underscoring broad confidence among large-scale investors in the company’s growth trajectory.

In its most recent reporting period, Tapestry delivered earnings per share of $1.38, surpassing consensus projections by $0.13, while revenue climbed 13.1% year-over-year to $1.70 billion, outstripping the $1.63 billion forecast. Net margin reached 3.77% and return on equity soared to 116.4%, reflecting robust operating leverage. Having raised its full-year earnings guidance to a range of $5.45–$5.60 per share for fiscal 2026, the company now sits above the sell-side consensus of $4.91. Management cited sustained strength across its Coach, Kate Spade New York and Stuart Weitzman brands in North America and Asia, driven by resilient consumer demand for accessible luxury.

On November 6th, the board authorized a $1 billion stock repurchase initiative, equating to up to 4.9% of total outstanding shares, signaling management’s view that the shares remain undervalued. That same day, Tapestry declared a quarterly dividend of $0.40 per share, payable December 22nd to holders of record as of December 5th, representing an annualized yield of 1.2% and a payout ratio of 142.9%. Insider disclosures show recent sales by CEO Joanne Crevoiserat and other senior executives, collectively liquidating over 115,000 shares for proceeds exceeding $12 million, yet insiders still hold meaningful stakes amounting to roughly 1.3% of the company’s equity.