Media stories about Tapestry (NYSE:TPR) have trended somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tapestry earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news coverage about the luxury accessories retailer an impact score of 44.1745273394752 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- US Sports Camps’ Non-Contact Youth Football Camp to be Held at The Rising Star Sports Ranch in Nevada (prweb.com)
- [$$] New York Fashion Week round-up (finance.yahoo.com)
- Tapestry Inc (TPR) CEO Victor Luis Sold $6.2 million of Shares (finance.yahoo.com)
- Tapestry, Inc. (TPR) Stock with Increasing EPS Growth For This Year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Tapestry Inc (TPR) CEO Victor Luis Sold $6.2 million of Shares – GuruFocus.com (gurufocus.com)
Shares of Tapestry (NYSE TPR) traded down $0.65 on Tuesday, reaching $49.41. 2,588,708 shares of the company’s stock were exchanged, compared to its average volume of 3,220,000. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.51 and a current ratio of 1.90. Tapestry has a 1 year low of $37.53 and a 1 year high of $50.99. The company has a market capitalization of $14,050.00, a price-to-earnings ratio of 44.12, a P/E/G ratio of 1.72 and a beta of 0.59.
TPR has been the subject of several analyst reports. Needham & Company LLC initiated coverage on shares of Tapestry in a research report on Monday, December 18th. They set a “hold” rating for the company. KeyCorp lifted their price target on shares of Tapestry from $53.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. UBS Group lowered their price target on shares of Tapestry from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Canaccord Genuity set a $58.00 price target on shares of Tapestry and gave the stock a “buy” rating in a research report on Monday, February 5th. Finally, Piper Jaffray Companies upgraded shares of Tapestry from a “neutral” rating to an “overweight” rating and set a $54.00 price target for the company in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $50.23.
In other Tapestry news, CEO Victor Luis sold 123,780 shares of Tapestry stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $50.02, for a total value of $6,191,475.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sarah Dunn sold 6,229 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $48.23, for a total transaction of $300,424.67. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,366 shares of company stock worth $6,705,960. Insiders own 0.98% of the company’s stock.
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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