Coach Inc. (NYSE:COH) has been assigned an average recommendation of “Hold” from the forty-three brokerages that are covering the stock. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-two have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $41.48.
A number of analysts recently issued reports on COH shares. Wells Fargo & Co. restated an “outperform” rating and set a $47.00 target price on shares of Coach in a research report on Wednesday. Guggenheim started coverage on shares of Coach in a research report on Friday, September 30th. They set a “buy” rating and a $50.00 target price on the stock. Credit Agricole SA started coverage on shares of Coach in a research report on Wednesday, September 28th. They set a “buy” rating and a $45.00 target price on the stock. Piper Jaffray Cos. set a $46.00 target price on shares of Coach and gave the stock a “buy” rating in a research report on Monday, September 19th. Finally, Morgan Stanley lowered shares of Coach from an “equal weight” rating to an “underweight” rating and set a $32.00 target price on the stock. in a research report on Wednesday, September 14th.
Several large investors 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 in the last quarter. Americafirst Capital Management LLC purchased a new stake in Coach during the second quarter worth about $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 in the last quarter. M&R Capital Management Inc. purchased a new stake in Coach during the second quarter worth about $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 in the last quarter. Institutional investors and hedge funds own 89.72% of the company’s stock.
Shares of Coach (NYSE:COH) opened at 36.65 on Monday. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of 22.21 and a beta of 0.90. The stock’s 50 day moving average price is $37.45 and its 200-day moving average price is $39.44. Coach has a 52-week low of $28.70 and a 52-week high of $43.71.
Coach (NYSE:COH) last issued its quarterly earnings data on Tuesday, August 9th. The luxury accessories retailer reported $0.45 earnings per share for the quarter, topping the Zacks’ 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 business earned $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the company posted $0.31 EPS. The company’s revenue was up 15.0% on a year-over-year basis. On average, analysts predict that Coach will post $2.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 12th were issued a dividend of $0.3375 per share. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 3.68%. Coach’s dividend payout ratio is currently 81.82%.
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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