Headlines about Tapestry (NYSE:TPR) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tapestry earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the luxury accessories retailer an impact score of 48.1335574865926 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Tapestry (TPR) Upgraded by Goldman Sachs Group to Conviction-Buy (americanbankingnews.com)
- Fortune 1000 Financial Services Company and Subsidiaries Choose Envision Click2Coach (prweb.com)
- Are you interested in becoming a certified retirement coach? (prweb.com)
- Read This Before Buying Tapestry Inc (TPR) For Its Upcoming $0.34 Dividend (finance.yahoo.com)
- Volatile Stock in Focus – Tapestry, Inc., (NYSE: TPR) – Stock Watch (stocksnewstimes.com)
Several research firms recently issued reports on TPR. Cowen reaffirmed a “buy” rating and set a $46.00 price objective on shares of Tapestry in a report on Thursday, September 28th. Susquehanna Bancshares began coverage on shares of Tapestry in a report on Thursday, November 2nd. They set a “positive” rating and a $50.00 price objective for the company. Credit Suisse Group reaffirmed an “outperform” rating and set a $51.00 price objective (down from $55.00) on shares of Tapestry in a report on Wednesday, August 16th. Citigroup began coverage on shares of Tapestry in a report on Thursday, November 2nd. They set a “positive” rating and a $50.00 price objective for the company. Finally, Sanford C. Bernstein began coverage on shares of Tapestry in a report on Tuesday, September 12th. They set an “outperform” rating and a $51.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $47.70.
Tapestry (TPR) remained flat at $$41.65 during trading hours on Tuesday. 2,337,186 shares of the company’s stock were exchanged, compared to its average volume of 3,381,349. The stock has a market capitalization of $11,840.00, a price-to-earnings ratio of 19.50, a PEG ratio of 1.56 and a beta of 0.46. Tapestry has a 52 week low of $34.16 and a 52 week high of $48.85. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.25 and a current ratio of 1.74.
Tapestry (NYSE:TPR) last released its earnings results on Tuesday, November 7th. The luxury accessories retailer reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.06. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Tapestry had a net margin of 9.62% and a return on equity of 20.71%. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS. equities research analysts anticipate that Tapestry will post 2.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be paid a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a yield of 3.24%. The ex-dividend date is Thursday, December 7th. Tapestry’s payout ratio is currently 83.85%.
In related news, SVP Melinda Brown sold 8,250 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $41.28, for a total transaction of $340,560.00. Following the completion of the transaction, the senior vice president now directly owns 42,884 shares in the company, valued at approximately $1,770,251.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.98% of the stock is owned by corporate insiders.
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Tapestry, Inc, formerly Coach, Inc, is a design house of luxury accessories and lifestyle collections. The Company’s product offering uses a range of leathers, fabrics and materials. The Company’s brands include Coach, Kate Spade, and Stuart Weitzman. Its segments include North America, International and Stuart Weitzman.
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