Vanguard Reports 5.45% Passive Stake In Tapestry, Or 10,892,604 Shares
The fund giant holds sole voting power over just 51,878 of the shares, according to its Schedule 13G.
Vanguard Portfolio Management holds 10,892,604 shares of Tapestry, or 5.45% of the common stock, according to a passive-ownership filing (Schedule 13G) dated Friday. Tapestry owns the Coach and Kate Spade brands.
Votes Sit With A Sliver Of The Stake
Vanguard has sole voting power over only 51,878 of the shares and shared voting power over none. It holds sole dispositive power, meaning the power to decide on selling, over all 10,892,604.
The filing lists September 30, 2026 as the event date that triggered the report. The shares are held through Vanguard funds and other managed accounts, along with affiliates Vanguard Fiduciary Trust Company and Vanguard Global Advisers.
Vanguard certified that the shares were acquired and are held in the ordinary course of business, not to change or influence control of Tapestry.
Coach And Kate Spade Parent
Tapestry sells handbags, small leather goods, footwear and other accessories under Coach and kate spade new york. Coach made up 86.4% of net sales in the fiscal year ended June 27, 2026, and Kate Spade 13.4%. Its own stores and e-commerce sites generated roughly 87% of net sales.
Tapestry shares traded at $116.93 in Friday trading, down about 0.77% from the prior close, for a market value of $23.4 billion.
Earnings Due November 5
Tapestry is due to report quarterly results on November 5, with Zacks consensus calling for earnings of $1.56 per share on revenue of $1.84 billion.
Separately, Renaissance Investment Management's Large Cap Growth Strategy said in its third-quarter letter that it sold its Tapestry position because it expects revenue growth to slow and operating margins to have peaked.
Tapestry reports quarterly results on November 5.
Sources
- SCHEDULE 13G — Vanguard Portfolio Management re: Tapestry Inc (TPR) — SEC EDGAR
- Here’s Why the Strategy Exited Tapestry (TPR) in Q3 — Yahoo Finance
- Why Tapestry (TPR) Could Beat Earnings Estimates Again — Yahoo Finance
- Tapestry Inc. (NYSE:TPR) : Articles :: Law360 — law360.com
- Capri Holdings (CPRI) Q2 Earnings and Revenues Top Estimates — Yahoo Finance
- Tapestry (TPR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release — Yahoo Finance
