Coach Inc. (NYSE:COH) – Analysts at Credit Agricole SA issued their Q1 2017 earnings per share estimates for shares of Coach in a research report issued to clients and investors on Wednesday. Credit Agricole SA analyst R. Patel expects that the firm will earn $0.47 per share for the quarter. Credit Agricole SA currently has a “Buy” rating and a $45.00 price objective on the stock. Credit Agricole SA also issued estimates for Coach’s Q2 2017 earnings at $0.84 EPS, Q3 2017 earnings at $0.48 EPS, Q4 2017 earnings at $0.46 EPS and FY2019 earnings at $2.80 EPS.
Coach (NYSE:COH) last released its quarterly earnings data on Tuesday, August 9th. The luxury accessories retailer reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.04. Coach had a return on equity of 21.32% and a net margin of 10.25%. The business earned $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business posted $0.31 EPS. The company’s revenue was up 15.0% on a year-over-year basis.
Other analysts also recently issued reports about the stock. Guggenheim began coverage on shares of Coach in a report on Friday. They issued a “buy” rating for the company. Deutsche Bank AG reissued a “hold” rating and issued a $43.00 price target on shares of Coach in a report on Wednesday, August 10th. Wells Fargo & Co. reissued an “outperform” rating and issued a $47.00 price target on shares of Coach in a report on Thursday, August 11th. Robert W. Baird raised shares of Coach from a “neutral” rating to an “outperform” rating and increased their price target for the company from $45.00 to $50.00 in a report on Monday, July 18th. Finally, Jefferies Group reissued a “buy” rating and issued a $51.00 price target on shares of Coach in a report on Thursday, June 9th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twenty-two have issued a buy rating to the company. Coach currently has a consensus rating of “Hold” and an average price target of $41.90.
Shares of Coach (NYSE:COH) traded up 1.66% during trading on Friday, hitting $36.81. The company had a trading volume of 2,388,575 shares. The stock’s 50-day moving average is $37.79 and its 200 day moving average is $39.51. The firm has a market capitalization of $10.27 billion, a P/E ratio of 22.31 and a beta of 0.90. Coach has a 52-week low of $27.93 and a 52-week high of $43.71.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 12th will be given a dividend of $0.3375 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $1.35 dividend on an annualized basis and a yield of 3.73%. Coach’s dividend payout ratio (DPR) is 81.82%.
A number of institutional investors have recently added to or reduced their stakes in the company. Conning Inc. boosted its position in Coach by 0.3% in the second quarter. Conning Inc. now owns 6,456 shares of the luxury accessories retailer’s stock worth $263,000 after buying an additional 20 shares during the period. Ropes Wealth Advisors LLC boosted its stake in shares of Coach by 0.9% in the second quarter. Ropes Wealth Advisors LLC now owns 10,284 shares of the luxury accessories retailer’s stock worth $419,000 after buying an additional 96 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Coach by 0.3% in the first quarter. Nuveen Asset Management LLC now owns 30,937 shares of the luxury accessories retailer’s stock worth $1,240,000 after buying an additional 99 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Coach by 2.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 7,015 shares of the luxury accessories retailer’s stock worth $257,000 after buying an additional 160 shares during the last quarter. Finally, Crawford Investment Counsel Inc. boosted its stake in shares of Coach by 2.4% in the second quarter. Crawford Investment Counsel Inc. now owns 7,453 shares of the luxury accessories retailer’s stock worth $304,000 after buying an additional 175 shares during the last quarter. 89.72% of the stock is owned by hedge funds and other institutional investors.
Coach Company Profile
Coach, Inc (Coach) is a design house of modern luxury accessories and lifestyle collections. The Company operates through three segments: North America, which includes sales to North American consumers through Coach-branded stores (including the Internet) and sales to wholesale customers; International segment, which includes sales to consumers through Coach-branded stores (including the Internet) and concession shop-in-shops in Japan and mainland China, Coach-operated stores and concession shop-in-shops in Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Belgium and the Netherlands, as well as sales to wholesale customers and distributors in approximately 45 countries, and Other segment, which consists of sales and expenses generated by the Coach brand in other ancillary channels, including licensing and disposition.
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