Somewhat Positive Media Coverage Somewhat Unlikely to Impact Tapestry (TPR) Stock Price
News stories about Tapestry (NYSE:TPR) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tapestry earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned media stories about the luxury accessories retailer an impact score of 45.4424754315427 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Tapestry (TPR) Given Buy Rating at Guggenheim (americanbankingnews.com)
- Coach Launches Fall 2018 Global Advertising Campaign (finance.yahoo.com)
- [$$] Griezmann and Kante can unlock France’s thrilling potential (finance.yahoo.com)
- Sprawling casita-style resort being built in Coachella near music festival venues (latimes.com)
Tapestry opened at $46.45 on Wednesday, according to MarketBeat. The stock has a market capitalization of $13.35 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 1.44 and a beta of 0.33. The company has a current ratio of 2.66, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51. Tapestry has a one year low of $38.70 and a one year high of $55.50.
The company also recently declared a quarterly dividend, which was paid on Monday, July 2nd. Investors of record on Friday, June 8th were paid a dividend of $0.338 per share. This represents a $1.35 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Thursday, June 7th. This is an increase from Tapestry’s previous quarterly dividend of $0.34. Tapestry’s dividend payout ratio (DPR) is currently 62.79%.
TPR has been the subject of a number of recent analyst reports. Zacks Investment Research cut Tapestry from a “buy” rating to a “hold” rating in a research report on Thursday, May 3rd. Deutsche Bank set a $63.00 price objective on Tapestry and gave the company a “buy” rating in a research report on Wednesday, May 2nd. Bank of America upgraded Tapestry from a “neutral” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Thursday, May 10th. They noted that the move was a valuation call. Credit Suisse Group started coverage on Tapestry in a research report on Monday, March 12th. They issued an “outperform” rating and a $60.00 price objective for the company. Finally, Susquehanna Bancshares reiterated a “positive” rating and set a $50.00 price target on shares of Tapestry in a research report on Thursday, June 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $54.64.
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.
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