Guggenheim started coverage on shares of Coach Inc. (NYSE:COH) in a report issued on Friday morning. The brokerage issued a buy rating and a $50.00 target price on the luxury accessories retailer’s stock.
Several other equities research analysts have also recently weighed in on COH. Jefferies Group reiterated a buy rating and set a $51.00 price objective on shares of Coach in a research report on Thursday, June 2nd. Piper Jaffray Cos. reiterated a buy rating and set a $47.00 price objective on shares of Coach in a research report on Wednesday, June 8th. Mizuho reiterated a neutral rating and set a $40.00 price objective on shares of Coach in a research report on Thursday, June 9th. TheStreet cut shares of Coach from a buy rating to a hold rating in a research report on Friday, June 24th. Finally, Zacks Investment Research upgraded shares of Coach from a hold rating to a buy rating and set a $43.00 price objective for the company in a research report on Wednesday, June 29th. Two 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. The stock presently has an average rating of Hold and a consensus target price of $42.13.
Shares of Coach (NYSE:COH) opened at 36.65 on Friday. 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 $37.45 and its 200 day moving average is $39.44. The company has a market capitalization of $10.22 billion, a PE ratio of 22.21 and a beta of 0.90.
Coach (NYSE:COH) last posted 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 company earned $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company posted $0.31 earnings per share. Coach’s revenue for the quarter was up 15.0% compared to the same quarter last year. Equities research analysts predict that Coach will post $2.16 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors 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 yield of 3.68%. Coach’s dividend payout ratio is currently 81.82%.
Large investors have recently bought and sold shares of 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 bought a new position in shares of Coach during the second quarter valued at approximately $140,000. Mizuho Asset Management Co. Ltd. raised its position in shares of 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 valued at $153,000 after buying an additional 2,146 shares during the period. M&R Capital Management Inc. bought a new position in shares of Coach during the second quarter valued at approximately $154,000. Finally, Global X Management Co. LLC raised its position in shares of 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 valued at $166,000 after buying an additional 2,927 shares during the period. Institutional investors own 89.72% of the company’s stock.
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.
Receive News & Ratings for Coach Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coach Inc. and related companies with MarketBeat.com's FREE daily email newsletter.