Tapestry, Inc. (NYSE:TPR), a renowned luxury accessories retailer known for brands like Coach, Kate Spade, and Stuart Weitzman, has been the subject of varied investor sentiment and an analyst upgrade. On February 8, 2026, BTIG updated its rating for TPR to a "Buy" recommendation, setting a new price target of $175, up from $140. At the time, TPR was trading at $152.10.
Despite BTIG's optimistic outlook, Thrivent Financial for Lutherans has reduced its investment in Tapestry by selling 31,329 shares, a 43.3% decrease in their holdings. This sale leaves Thrivent Financial with 40,966 shares, valued at approximately $4.6 million. This move contrasts with BTIG's positive sentiment.
Conversely, Keybank National Association OH has shown confidence in Tapestry by increasing its stake by 14.8%, acquiring an additional 5,952 shares. This brings their total holdings to 46,066 shares, valued at around $5.2 million. This indicates a belief in Tapestry's potential growth.
The National Pension Service has also entered the scene, purchasing a new stake in Tapestry valued at approximately $608,000 during the third quarter. This new investment suggests a growing interest in Tapestry's future prospects among institutional investors.
Currently, TPR's stock price is $152.10, reflecting a 6.22% increase. The stock has fluctuated between $144.38 and $153.10 today, with a 52-week high of $153.13 and a low of $58.39. Tapestry's market capitalization stands at approximately $31.13 billion, with a trading volume of 3,250,077 shares today.
