Press coverage about Tapestry (NYSE:TPR) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tapestry earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the luxury accessories retailer an impact score of 45.111439024175 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Renowned Life Coach and Best-Selling Author, Ismael Cala, Joins reVolver Podcasts with Motivational, Self-Help Show (markets.financialcontent.com)
- Texas High School Football Mandates Tackling Certification for All High School Coaches (prnewswire.com)
- Executive Coach Amy Throw Launches New Full Circle Seven Program (prweb.com)
- 3 Factors That Led Tapestry’s Shares Up Over 20% in 3 Months (msn.com)
- 3 Factors That Led Tapestry's Shares Up Over 20% in 3 Months (finance.yahoo.com)
A number of equities analysts have recently weighed in on TPR shares. Goldman Sachs upgraded Tapestry from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, December 5th. Needham & Company LLC started coverage on Tapestry in a report on Monday, December 18th. They issued a “hold” rating on the stock. Robert W. Baird set a $50.00 target price on Tapestry and gave the company a “buy” rating in a report on Friday, December 22nd. Zacks Investment Research upgraded Tapestry from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Monday, January 8th. Finally, Canaccord Genuity set a $58.00 target price on Tapestry and gave the company a “buy” rating in a report on Sunday, January 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $51.09.
Shares of Tapestry (TPR) traded up $0.97 during trading on Tuesday, reaching $53.18. The company’s stock had a trading volume of 2,058,427 shares, compared to its average volume of 2,814,302. The company has a market capitalization of $15,033.24, a PE ratio of 47.48, a P/E/G ratio of 1.82 and a beta of 0.48. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 0.64. Tapestry has a 52-week low of $37.92 and a 52-week high of $53.40.
Tapestry (NYSE:TPR) last announced its earnings results on Tuesday, February 6th. The luxury accessories retailer reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.21. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Tapestry had a return on equity of 23.68% and a net margin of 6.14%. The company’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 earnings per share. analysts expect that Tapestry will post 2.58 EPS for the current year.
The business also recently announced a dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be given a dividend of $0.3375 per share. The ex-dividend date of this dividend is Thursday, March 8th. Tapestry’s payout ratio is currently 120.54%.
In other news, Director Susan J. Kropf sold 6,185 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $50.80, for a total value of $314,198.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sarah Dunn sold 6,229 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $48.23, for a total value of $300,424.67. The disclosure for this sale can be found here. Insiders have sold 140,551 shares of company stock valued at $7,020,158 in the last ninety days. Company insiders own 0.98% of the company’s stock.
Tapestry Company Profile
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.
Receive News & Ratings for Tapestry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tapestry and related companies with MarketBeat.com's FREE daily email newsletter.