8,393 Shares in Tapestry, Inc. $TPR Bought by Summit Global Investments

Summit Global Investments purchased 8,393 shares of Tapestry, Inc. (TPR) for approximately $1.23 million in the second quarter, making it one of many institutional investors holding 90.77% of the company's stock. Tapestry recently exceeded fourth-quarter earnings and revenue expectations, reporting an EPS of $1.32 and revenue of $1.88 billion, driven primarily by its Coach brand. Despite a slight miss in fiscal 2027 revenue guidance due to Kate Spade's slower recovery and tariff risks, the company increased its quarterly dividend and plans substantial shareholder returns, leading analysts to maintain a "Moderate Buy" rating.