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Tapestry, Inc. $TPR Stock Holdings Decreased by Ameriprise Financial Inc.
Ameriprise Financial Inc. reduced its stake in Tapestry, Inc. (NYSE:TPR) by 12.1% in the third quarter, holding 2,897,432 shares valued at $328 million. Despite this, several other institutional investors, including Schroder Investment Management Group, Norges Bank, Massachusetts Financial Services Co. MA, AQR Capital Management LLC, and Marshall Wace LLP, significantly increased their positions in the luxury accessories retailer. The company also saw insider selling, with VP Manesh Dadlani and insider Denise Kulikowsky reducing their holdings, and received a “Moderate Buy” consensus rating from analysts with an average target price of $151.06.