Tapestry (TPR) Receives Coverage Optimism Rating of 0.12

Media coverage about Tapestry (NYSE:TPR) has trended somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tapestry earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the luxury accessories retailer an impact score of 44.9768130651634 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media stories that may have effected Accern’s rankings:

TPR has been the topic of a number of recent analyst reports. Zacks Investment Research raised 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. Cowen reiterated a “buy” rating and issued a $54.00 price target on shares of Tapestry in a report on Wednesday, January 31st. Piper Jaffray set a $48.00 price target on Tapestry and gave the company a “hold” rating in a report on Monday, February 5th. Canaccord Genuity set a $58.00 price target on Tapestry and gave the company a “buy” rating in a report on Monday, February 5th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Tapestry in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $54.27.

Shares of Tapestry opened at $44.48 on Friday, according to MarketBeat Ratings. The firm has a market cap of $12.78 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.52 and a beta of 0.39. The company has a quick ratio of 1.83, a current ratio of 2.66 and a debt-to-equity ratio of 0.51. Tapestry has a 12 month low of $38.70 and a 12 month high of $55.50.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 8th will be paid a $0.338 dividend. This is a boost from Tapestry’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, June 7th. This represents a $1.35 annualized dividend and a dividend yield of 3.04%. Tapestry’s dividend payout ratio is presently 62.79%.

In other news, Director Susan J. Kropf sold 6,185 shares of the stock in a transaction 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 at this hyperlink. Corporate insiders own 0.98% of the company’s stock.

About Tapestry

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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