Somewhat Positive News Coverage Somewhat Unlikely to Impact Tapestry (TPR) Share Price


Press coverage about Tapestry (NYSE:TPR) has trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tapestry earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned headlines about the luxury accessories retailer an impact score of 48.9433241408377 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.


These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:

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Tapestry Inc (TPR) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com) Business Consultant and Best-Selling Author, Brian Tracy, Announces New Business Coaching Program (prweb.com) Interested In Tapestry Inc (NYSE:TPR)? Heres How It Performed Recently (finance.yahoo.com) Career Partners International Renews Accreditation with International Coach Federation (prweb.com) Rick Franzo Opens The Growth Coach of the Poconos (prweb.com)


Tapestry opened at $45.53 on Friday, according to MarketBeat. The company has a current ratio of 2.66, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51. The firm has a market cap of $13.33 billion, a price-to-earnings ratio of 21.18, a P/E/G ratio of 1.59 and a beta of 0.34. Tapestry has a 52-week low of $38.70 and a 52-week high of $55.50.

Tapestry (NYSE:TPR) last posted its quarterly earnings data on Tuesday, May 1st. The luxury accessories retailer reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. Tapestry had a net margin of 6.10% and a return on equity of 24.12%. The firm’s revenue was up 32.9% on a year-over-year basis. research analysts anticipate that Tapestry will post 2.6 earnings per share for the current fiscal year.


The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 8th will be issued a dividend of $0.338 per share. This represents a $1.35 annualized dividend and a yield of 2.97%. This is an increase from Tapestry’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, June 7th. Tapestry’s dividend payout ratio (DPR) is presently 62.79%.

TPR has been the topic of a number of research reports. Zacks Investment Research lowered shares of Tapestry from a “buy” rating to a “hold” rating in a research note on Thursday, May 3rd. Deutsche Bank set a $63.00 price objective on shares of Tapestry and gave the stock a “buy” rating in a research note on Wednesday, May 2nd. Bank of America upgraded shares of Tapestry from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Thursday, May 10th. They noted that the move was a valuation call. Credit Suisse Group initiated coverage on shares of Tapestry in a research note on Monday, March 12th. They issued an “outperform” rating and a $60.00 price objective on the stock. Finally, Susquehanna Bancshares reiterated a “positive” rating and issued a $50.00 price objective on shares of Tapestry in a research note on Thursday, June 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $54.27.


Tapestry Company Profile

Tapestry, Inc provides luxury accessories and lifestyle brands. It offers handbags, wallets, money pieces, wristlets and cosmetic cases, key rings, and charms, as well as address books, time management accessories, sketchbooks, and portfolios for women; and business cases, computer bags, messenger-style bags, backpacks, totes, wallets, card cases, belts, sunglasses, watches, novelty accessories, and ready-to-wear for men.

Insider Buying and Selling by Quarter for Tapestry (NYSE:TPR)

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