Coach Inc. (NYSE:COH) – Equities researchers at Credit Agricole SA issued their FY2017 earnings per share estimates for Coach in a report released on Wednesday. Credit Agricole SA analyst R. Patel forecasts that the firm will post earnings of $2.24 per share for the year. Credit Agricole SA currently has a “Buy” rating and a $45.00 target price on the stock. Credit Agricole SA also issued estimates for Coach’s FY2018 earnings at $2.55 EPS.
Other research analysts also recently issued reports about the stock. Jefferies Group reissued a “buy” rating and set a $51.00 price target on shares of Coach in a research note on Thursday, June 9th. Piper Jaffray Cos. reaffirmed a “buy” rating and issued a $47.00 target price on shares of Coach in a research note on Wednesday, June 8th. Zacks Investment Research raised shares of Coach from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Wednesday, June 29th. Vetr downgraded shares of Coach from a “strong-buy” rating to a “buy” rating and set a $48.50 target price on the stock. in a research note on Tuesday, August 2nd. Finally, TheStreet raised shares of Coach from a “hold” rating to a “buy” rating in a research note on Tuesday, August 9th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $42.13.
Coach (NYSE:COH) opened at 36.56 on Monday. Coach has a 12-month low of $28.70 and a 12-month high of $43.71. The firm’s 50-day moving average is $37.69 and its 200 day moving average is $39.49. The firm has a market cap of $10.20 billion, a P/E ratio of 22.16 and a beta of 0.90.
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, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.04. Coach had a net margin of 10.25% and a return on equity of 21.32%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. The business’s revenue was up 15.0% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 12th will be issued a dividend of $0.3375 per share. The ex-dividend date is Thursday, September 8th. This represents a $1.35 annualized dividend and a yield of 3.69%. Coach’s payout ratio is presently 81.82%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its stake in Coach by 1,307.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,166 shares of the luxury accessories retailer’s stock worth $129,000 after buying an additional 2,941 shares during the last quarter. Americafirst Capital Management LLC acquired a new stake in Coach during the second quarter worth $140,000. Mizuho Asset Management Co. Ltd. raised its stake in Coach by 132.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,763 shares of the luxury accessories retailer’s stock worth $153,000 after buying an additional 2,146 shares during the last quarter. M&R Capital Management Inc. acquired a new stake in Coach during the second quarter worth $154,000. Finally, Global X Management Co. LLC raised its stake in Coach by 255.6% in the second quarter. Global X Management Co. LLC now owns 4,072 shares of the luxury accessories retailer’s stock worth $166,000 after buying an additional 2,927 shares during the last quarter. Institutional investors own 89.72% of the company’s stock.
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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