Coach Inc (NYSE:COH) was downgraded by OTR Global to a “positive” rating in a note issued to investors on Thursday, The Fly reports.
Several other equities analysts also recently weighed in on COH. Vetr downgraded shares of Coach from a “strong-buy” rating to a “buy” rating and set a $48.50 price target on the stock. in a research note on Tuesday, August 2nd. Piper Jaffray Cos. reissued an “overweight” rating and issued a $47.00 price target on shares of Coach in a research note on Tuesday, August 2nd. Zacks Investment Research downgraded shares of Coach from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Credit Suisse Group AG raised shares of Coach from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $42.00 to $47.00 in a research note on Wednesday, July 27th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $31.00 price target on shares of Coach in a research note on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-two have issued a buy rating to the company. Coach presently has an average rating of “Hold” and an average target price of $42.13.
Shares of Coach (NYSE:COH) traded down 2.00% during trading on Thursday, hitting $35.80. 1,738,497 shares of the company’s stock were exchanged. The stock has a market cap of $9.99 billion, a P/E ratio of 21.70 and a beta of 0.90. The firm has a 50-day moving average price of $36.97 and a 200-day moving average price of $39.35. Coach has a one year low of $28.70 and a one year high of $43.71.
Coach (NYSE:COH) last posted its quarterly earnings data on Tuesday, August 9th. The luxury accessories retailer reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.04. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. Coach had a net margin of 10.25% and a return on equity of 21.32%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share. Equities research analysts expect that Coach will post $2.16 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Monday, September 12th were given a $0.3375 dividend. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $1.35 annualized dividend and a dividend yield of 3.70%. Coach’s dividend payout ratio is presently 81.82%.
Several large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position 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 period. Americafirst Capital Management LLC purchased a new position in Coach during the second quarter worth about $140,000. Mizuho Asset Management Co. Ltd. raised its position 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 period. M&R Capital Management Inc. purchased a new position in Coach during the second quarter worth about $154,000. Finally, Global X Management Co. LLC raised its position 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 period. Institutional investors and hedge funds own 89.29% of the company’s stock.
Coach Company Profile
Coach, Inc (Coach) is a design house of luxury accessories and lifestyle collections. The Company’s product offering uses a range of leathers, fabrics and materials. Its segments include North America, International and Stuart Weitzman. The North America segment includes sales of Coach brand products to North American customers through Coach-operated stores (including the Internet) and sales to North American wholesale customers.
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