News coverage about Tapestry (NYSE:TPR) has been trending somewhat positive on Sunday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. 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 news sentiment score of 0.23 on Accern’s scale. Accern also assigned press coverage about the luxury accessories retailer an impact score of 47.5631614168128 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- $0.86 Earnings Per Share Expected for Tapestry Inc (TPR) This Quarter (americanbankingnews.com)
- Jefferies Group Brokers Lower Earnings Estimates for Tapestry Inc (TPR) (americanbankingnews.com)
- Hot Tickers: Welltower Inc. (HCN), Tapestry, Inc. (TPR) – Market Movers (financialqz.com)
- Investors can’t just brush off: Tapestry, Inc. (TPR), Nutanix, Inc. (NTNX) – Market Movers (financialqz.com)
- Tapestry Inc (TPR) to Post Q2 2018 Earnings of $0.87 Per Share, Jefferies Group Forecasts (americanbankingnews.com)
Several equities research analysts have weighed in on TPR shares. KeyCorp set a $53.00 price target on Tapestry and gave the stock a “buy” rating in a report on Wednesday, October 11th. Wolfe Research downgraded Tapestry from an “outperform” rating to a “peer perform” rating and cut their price target for the stock from $51.00 to $42.00 in a report on Tuesday, October 3rd. UBS cut their price target on Tapestry from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Zacks Investment Research downgraded Tapestry from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 17th. Finally, Buckingham Research set a $48.00 price target on Tapestry and gave the stock a “buy” rating in a report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Tapestry has a consensus rating of “Buy” and an average target price of $47.70.
Tapestry (NYSE:TPR) last announced its earnings results on Tuesday, November 7th. The luxury accessories retailer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. Tapestry had a return on equity of 20.71% and a net margin of 9.62%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the firm earned $0.45 EPS. The business’s revenue was up 24.2% on a year-over-year basis. research analysts forecast that Tapestry will post 2.37 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be given a dividend of $0.3375 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.35 dividend on an annualized basis and a yield of 3.15%. Tapestry’s payout ratio is 83.85%.
Tapestry Company Profile
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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