4,855 Tapestry, Inc. $TPR Shares Sold by Oppenheimer & Co. Inc.

Posted by Sarita Garza on Nov 8th, 2026

Oppenheimer & Co. Inc. decreased its holdings in shares of Tapestry, Inc. (NYSE:TPR – Free Report) by 70.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,988 shares of the luxury accessories retailer’s stock after selling 4,855 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Tapestry were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Tapestry in the second quarter valued at about $2,610,995,000. Bank of America Corp DE acquired a new position in shares of Tapestry during the second quarter worth about $771,309,000. Bank of New York Mellon Corp purchased a new stake in shares of Tapestry in the second quarter worth about $175,291,000. Amundi boosted its position in shares of Tapestry by 96.0% in the first quarter. Amundi now owns 1,769,905 shares of the luxury accessories retailer’s stock worth $249,751,000 after buying an additional 866,969 shares during the period. Finally, Legal & General Group Plc purchased a new stake in shares of Tapestry in the second quarter worth about $118,994,000. 90.77% of the stock is owned by hedge funds and other institutional investors.

Tapestry News Summary

Here are the key news stories impacting Tapestry this week:

Positive Sentiment: Tapestry reported adjusted EPS of $1.82, above the $1.56 consensus, and revenue of $1.89 billion, topping the $1.85 billion estimate and rising 11.1% year over year. Strong Coach demand, international growth, and improved margins helped drive the beat. Article: TPR Q1 Earnings Beat Estimate on Coach Gains, FY27 Outlook Raised
Positive Sentiment: The company raised its fiscal 2027 outlook after a stronger-than-expected start to the year. Reports also highlighted Coach’s appeal among younger shoppers and management’s view that U.S. consumers remain resilient heading into the holiday season. Article: Tapestry lifts annual forecasts as young shoppers snap up Coach bags
Positive Sentiment: Barclays raised its price target to $195 from $185 and maintained an Overweight rating; Wells Fargo raised its target to $155 from $150, also keeping an Overweight rating. These moves signal continued analyst confidence following the results. Barclays rating information Wells Fargo rating information
Neutral Sentiment: Tapestry declared a quarterly dividend of $0.4625 per share, payable December 21 to shareholders of record December 4. The annualized dividend is $1.85 per share, a yield of about 1.4%. Article: Tapestry reports fiscal 2027 first-quarter results and raises outlook

Insider Activity

In other news, CEO Joanne C. Crevoiserat sold 27,761 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $132.47, for a total transaction of $3,677,499.67. Following the transaction, the chief executive officer owned 666,149 shares of the company’s stock, valued at approximately $88,244,758.03. This trade represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Denise Kulikowsky sold 5,810 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $115.38, for a total transaction of $670,357.80. Following the transaction, the insider directly owned 21,136 shares in the company, valued at $2,438,671.68. The trade was a 21.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.28% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on TPR. Zacks Research downgraded Tapestry from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. TD Cowen initiated coverage on Tapestry in a research report on Friday, October 30th. They set a “strong-buy” rating on the stock. BNP Paribas Exane upped their price target on Tapestry from $185.00 to $187.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Raymond James Financial decreased their price target on Tapestry from $165.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Finally, Robert W. Baird lowered their price objective on shares of Tapestry from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $167.72.

Read Our Latest Stock Analysis on TPR

Tapestry Stock Down 0.9%

TPR stock opened at $133.03 on Friday. Tapestry, Inc. has a twelve month low of $99.00 and a twelve month high of $164.80. The company has a current ratio of 1.24, a quick ratio of 1.25 and a debt-to-equity ratio of 5.70. The company has a market capitalization of $26.52 billion, a P/E ratio of 17.12, a PEG ratio of 1.67 and a beta of 1.44. The firm has a 50 day simple moving average of $117.41 and a 200-day simple moving average of $136.95.

Tapestry (NYSE:TPR – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The luxury accessories retailer reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.26. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Tapestry had a net margin of 19.68% and a return on equity of 274.20%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.38 earnings per share. On average, equities research analysts predict that Tapestry, Inc. will post 8.29 earnings per share for the current fiscal year.

Tapestry Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Friday, December 4th will be given a $0.4625 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.85 annualized dividend and a dividend yield of 1.4%. Tapestry’s payout ratio is presently 23.81%.