Somewhat Positive Press Coverage Somewhat Unlikely to Impact Tapestry (TPR) Stock 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 0.21 on Accern’s scale. Accern also assigned news stories about the luxury accessories retailer an impact score of 47.5242262857279 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.
Here are some of the news stories that may have effected Accern’s rankings:
- Iconic St. John’s Baseball Stadium Converting To AstroTurf (prweb.com)
- Zacks Investment Research Upgrades Tapestry (TPR) to “Buy” (americanbankingnews.com)
- First Week of March 16th Options Trading For Tapestry (TPR) (nasdaq.com)
- GenConnect Expands Coaching Programs (prweb.com)
- Top Ranked Income Stocks to Buy for January 24th (zacks.com)
Tapestry (NYSE TPR) traded up $0.49 during trading on Monday, reaching $48.23. The company’s stock had a trading volume of 438,074 shares, compared to its average volume of 2,050,570. Tapestry has a 1-year low of $35.26 and a 1-year high of $48.85. The stock has a market cap of $13,580.00, a price-to-earnings ratio of 29.84, a PEG ratio of 1.78 and a beta of 0.46. The company has a current ratio of 1.74, a quick ratio of 1.25 and a debt-to-equity ratio of 0.64.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th were given a dividend of $0.3375 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 2.80%. Tapestry’s dividend payout ratio (DPR) is 83.85%.
A number of equities analysts have commented on TPR shares. Buckingham Research set a $48.00 target price on shares of Tapestry and gave the stock a “buy” rating in a report on Friday, October 6th. Zacks Investment Research downgraded shares of Tapestry from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Susquehanna Bancshares initiated coverage on shares of Tapestry in a report on Thursday, November 2nd. They set a “positive” rating and a $50.00 price objective on the stock. Citigroup initiated coverage on shares of Tapestry in a report on Thursday, November 2nd. They set a “positive” rating and a $50.00 price objective on the stock. Finally, William Blair restated a “buy” rating on shares of Tapestry in a report on Saturday, October 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $47.99.
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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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