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

Posted by Bonnie Powley on Nov 8th, 2026

Oppenheimer & Co. Inc. cut its position in shares of Tapestry, Inc. (NYSE:TPR – Free Report) by 70.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,988 shares of the luxury accessories retailer’s stock after selling 4,855 shares during the period. Oppenheimer & Co. Inc.’s holdings in Tapestry were worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in TPR. BlackRock Inc. acquired a new position in Tapestry in the second quarter worth $2,610,995,000. Bank of America Corp DE bought a new stake in Tapestry during the second quarter valued at $771,309,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Tapestry by 53.8% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,169,602 shares of the luxury accessories retailer’s stock valued at $317,586,000 after purchasing an additional 758,915 shares during the last quarter. Amundi raised its holdings in shares of Tapestry by 96.0% during the first quarter. Amundi now owns 1,769,905 shares of the luxury accessories retailer’s stock worth $249,751,000 after purchasing an additional 866,969 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Tapestry during the second quarter worth $175,291,000. 90.77% of the stock is currently owned by institutional investors.

More Tapestry News

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, insider Denise Kulikowsky sold 5,810 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $115.38, for a total transaction of $670,357.80. Following the completion of the transaction, the insider owned 21,136 shares in the company, valued at approximately $2,438,671.68. This represents a 21.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joanne Crevoiserat sold 27,761 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $132.47, for a total transaction of $3,677,499.67. Following the completion of the sale, the chief executive officer directly owned 666,149 shares in the company, valued at approximately $88,244,758.03. This trade represents a 4.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.28% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TPR shares. Wall Street Zen downgraded shares of Tapestry from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. BNP Paribas Exane boosted their price objective on shares of Tapestry from $185.00 to $187.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Evercore lowered their price objective on shares of Tapestry from $175.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 14th. Telsey Advisory Group increased their price objective on shares of Tapestry from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, Wells Fargo & Company raised their target price on shares of Tapestry from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $167.72.

Get Our Latest Research Report on Tapestry

Tapestry Trading Down 0.9%

NYSE:TPR opened at $133.03 on Friday. Tapestry, Inc. has a 12-month low of $99.00 and a 12-month high of $164.80. The firm has a market capitalization of $26.52 billion, a P/E ratio of 17.12, a P/E/G ratio of 1.67 and a beta of 1.44. The company has a debt-to-equity ratio of 5.70, a current ratio of 1.24 and a quick ratio of 1.25. The business 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 issued its quarterly earnings data on Thursday, November 5th. The luxury accessories retailer reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.26. Tapestry had a return on equity of 274.20% and a net margin of 19.68%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business earned $1.38 EPS. The firm’s revenue was up 11.1% on a year-over-year basis. Equities research analysts predict that Tapestry, Inc. will post 8.29 EPS for the current year.

Tapestry Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Friday, December 4th will be issued a dividend of $0.4625 per share. 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 23.81%.