Tapestry (TPR) slides 10.2% despite earnings beat as investors appear to take profits after a big run

Tapestry, Inc. (TPR) is down 10.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears tied to a “sell-the-news” reaction after Tapestry posted strong fiscal Q3 results and lifted full-year targets again, following a sizable prior run-up in the stock. Mixed brand-level performance (notably weakness at kate spade) may also have tempered enthusiasm even with a top-and-bottom-line beat.

Details:

Tapestry reported fiscal 2026 third-quarter results (quarter ended March 28, 2026) showing revenue of about $1.9 billion and non-GAAP EPS of $1.66, alongside meaningful operating margin expansion.

The company raised its fiscal 2026 outlook again, lifting expectations for revenue, operating margin, EPS, and cash flow, and reiterated plans to return roughly $1.6 billion to shareholders in fiscal 2026.

Coach was a key driver of growth, while kate spade posted a year-over-year sales decline in the quarter, highlighting uneven momentum across the portfolio.

This could also be profit-taking after the stock’s strong multi-month performance, with investors focusing on whether upside surprises can continue from here.

Sources:

Business Wire, Reuters, The Wall Street Journal

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$TPR Insider Trading Activity

$TPR insiders have traded $TPR stock on the open market 26 times in the past 6 months. Of those trades, 0 have been purchases and 26 have been sales.

Here’s a breakdown of recent trading of $TPR stock by insiders over the last 6 months:

JOANNE C. CREVOISERAT (Chief Executive Officer) has made 0 purchases and 4 sales selling 80,530 shares for an estimated $10,898,914.
TODD KAHN (CEO and Brand President, Coach) has made 0 purchases and 4 sales selling 79,159 shares for an estimated $10,114,477.
SCOTT A. ROE (CFO and COO) has made 0 purchases and 4 sales selling 63,084 shares for an estimated $8,730,118.
DAVID E HOWARD (Chief Legal Officer, Secretary) has made 0 purchases and 2 sales selling 25,029 shares for an estimated $2,565,472.
THOMAS GRECO has made 0 purchases and 3 sales selling 14,245 shares for an estimated $2,199,997.
DENISE KULIKOWSKY (Chief People Officer) has made 0 purchases and 5 sales selling 11,420 shares for an estimated $1,677,690.
ANNE GATES sold 6,498 shares for an estimated $999,327
MANESH DADLANI (VP, Controller and PAO) has made 0 purchases and 3 sales selling 3,122 shares for an estimated $481,640.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

$TPR Hedge Fund Activity

We have seen 495 institutional investors add shares of $TPR stock to their portfolio, and 508 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SCHRODER INVESTMENT MANAGEMENT GROUP added 4,500,850 shares (+92.8%) to their portfolio in Q4 2025, for an estimated $575,073,604
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 3,352,394 shares (-71.3%) from their portfolio in Q4 2025, for an estimated $428,335,381
D. E. SHAW & CO., INC. removed 2,294,269 shares (-92.1%) from their portfolio in Q4 2025, for an estimated $293,138,750
WELLINGTON MANAGEMENT GROUP LLP added 2,043,353 shares (+632.3%) to their portfolio in Q4 2025, for an estimated $261,079,212
FMR LLC removed 1,971,749 shares (-26.6%) from their portfolio in Q4 2025, for an estimated $251,930,369
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN removed 1,470,264 shares (-41.3%) from their portfolio in Q4 2025, for an estimated $187,855,631
HOLOCENE ADVISORS, LP added 1,150,547 shares (+inf%) to their portfolio in Q4 2025, for an estimated $147,005,390

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$TPR Government Contracts

We have seen $15,527,845 of award payments to $TPR over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

EXECUTIVE AIRLIFT FLIGHT DISPATCH SERVICE: $7,767,201
WPS CAF FY25: $2,603,000
LARASM C3 1X MAINTENANCE: $1,075,083
GLOBAL DISTRIBUTION MANAGEMENT SYSTEM: $240,000
CHILE FMS: $74,300

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$TPR Congressional Stock Trading

Members of Congress have traded $TPR stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $TPR stock by members of Congress over the last 6 months:

REPRESENTATIVE TERRI A. SEWELL sold up to $50,000 on 03/25.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

$TPR Analyst Ratings

Wall Street analysts have issued reports on $TPR in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Citigroup issued a "Buy" rating on 01/20/2026
Barclays issued a "Overweight" rating on 01/12/2026
Wells Fargo issued a "Overweight" rating on 12/16/2025
JP Morgan issued a "Overweight" rating on 11/17/2025

To track analyst ratings and price targets for $TPR, check out Quiver Quantitative's $TPR forecast page.

$TPR Price Targets

Multiple analysts have issued price targets for $TPR recently. We have seen 11 analysts offer price targets for $TPR in the last 6 months, with a median target of $160.0.

Here are some recent targets:

Mark Altschwager from Baird set a target price of $165.0 on 04/29/2026
Paul Lejuez from Citigroup set a target price of $170.0 on 04/29/2026
Robert Drbul from BTIG set a target price of $180.0 on 04/24/2026
Jay Sole from UBS set a target price of $142.0 on 04/23/2026
Michael Binetti from Evercore ISI Group set a target price of $180.0 on 02/27/2026
Dana Telsey from Telsey Advisory Group set a target price of $160.0 on 02/06/2026
Ike Boruchow from Wells Fargo set a target price of $165.0 on 02/06/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.