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

Media coverage about Tapestry (NYSE:TPR) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tapestry earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned news stories about the luxury accessories retailer an impact score of 44.8263758757892 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

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

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A number of equities research analysts have recently weighed in on the company. Piper Jaffray set a $48.00 price target on Tapestry and gave the stock a “hold” rating in a research note on Monday, February 5th. William Blair restated an “outperform” rating on shares of Tapestry in a research note on Tuesday, February 6th. Barclays upped their target price on Tapestry from $47.00 to $51.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Credit Suisse Group began coverage on Tapestry in a research report on Monday, March 12th. They issued an “outperform” rating and a $60.00 target price on the stock. Finally, Zacks Investment Research upgraded Tapestry from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Thursday, January 25th. 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 given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $51.95.

NYSE:TPR traded down $1.53 during trading hours on Friday, hitting $52.47. The company had a trading volume of 3,537,269 shares, compared to its average volume of 2,319,057. The company has a quick ratio of 1.51, a current ratio of 1.90 and a debt-to-equity ratio of 0.64. The stock has a market cap of $14,947.76, a P/E ratio of 24.40, a PEG ratio of 1.81 and a beta of 0.43. Tapestry has a 1 year low of $38.47 and a 1 year high of $54.26.

Tapestry (NYSE:TPR) last issued its earnings results on Tuesday, February 6th. The luxury accessories retailer reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.21. The company 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 firm’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 EPS. equities analysts anticipate that Tapestry will post 2.58 earnings per share for the current year.

The firm also recently declared a dividend, which was paid on Monday, April 2nd. Stockholders of record on Friday, March 9th were issued a dividend of $0.3375 per share. The ex-dividend date was Thursday, March 8th. Tapestry’s dividend payout ratio is presently 62.79%.

In related news, CEO Victor Luis sold 123,780 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $50.02, for a total transaction of $6,191,475.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan J. Kropf sold 6,185 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $50.80, for a total value of $314,198.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,551 shares of company stock valued at $7,020,158. Company insiders own 0.98% of the company’s stock.

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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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