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Picton Mahoney Asset Management Reduces Holdings in Tapestry, Inc. $TPR
Picton Mahoney Asset Management has reduced its stake in Tapestry, Inc. (NYSE:TPR) by 42.0% in the third quarter, selling 88,729 shares and retaining 122,767 shares valued at $13.9 million. This move comes as Tapestry reported a quarterly beat, strong FY2026 guidance, and announced a $1.0 billion share buyback program and a $0.40 quarterly dividend. Despite the institutional sell-off, some analysts maintain a “Moderate Buy” rating for Tapestry, with a consensus target price of $147.00.