Coach Inc. (COH) Expected to Earn Q1 2017 Earnings of $0.47 Per Share
Coach Inc. (NYSE:COH) – Analysts at Credit Agricole SA issued their Q1 2017 earnings per share estimates for Coach in a research note issued on Wednesday. Credit Agricole SA analyst R. Patel forecasts that the firm will post earnings of $0.47 per share for the quarter. Credit Agricole SA 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 issued its quarterly earnings data on Tuesday, August 9th. The luxury accessories retailer reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ 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 quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 EPS.
A number of other equities research analysts have also issued reports on the stock. Guggenheim began coverage on shares of Coach in a report on Friday. They set a “buy” rating and a $50.00 price objective for the company. Piper Jaffray Cos. set a $46.00 target price on shares of Coach and gave the company a “buy” rating in a report on Monday, September 19th. Morgan Stanley lowered shares of Coach from an “equal weight” rating to an “underweight” rating and set a $32.00 target price for the company. in a report on Wednesday, September 14th. Jefferies Group reissued a “buy” rating on shares of Coach in a report on Friday, September 2nd. Finally, BlueFin Research reissued an “outperform” rating and issued a $45.00 target price on shares of Coach in a report on Monday, August 29th. Two investment 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’s stock. Coach presently has a consensus rating of “Hold” and an average target price of $42.13.
Coach (NYSE:COH) opened at 36.56 on Friday. The stock has a market capitalization of $10.20 billion, a P/E ratio of 22.16 and a beta of 0.90. The firm’s 50-day moving average is $37.69 and its 200-day moving average is $39.49. Coach has a 12 month low of $28.70 and a 12 month high of $43.71.
Several hedge funds and other institutional investors have recently made changes to their positions in COH. Bank of Montreal Can acquired a new position in shares of Coach during the second quarter valued at $48,321,000. Jericho Capital Asset Management L.P. purchased a new stake in shares of Coach during the first quarter valued at approximately $45,839,000. FMR LLC boosted its stake in shares of Coach by 6.9% in the second quarter. FMR LLC now owns 14,358,797 shares of the luxury accessories retailer’s stock valued at $584,978,000 after buying an additional 927,743 shares during the last quarter. Janus Capital Management LLC boosted its stake in shares of Coach by 1,271.3% in the second quarter. Janus Capital Management LLC now owns 970,227 shares of the luxury accessories retailer’s stock valued at $39,527,000 after buying an additional 899,476 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Coach by 3.2% in the second quarter. Vanguard Group Inc. now owns 24,943,401 shares of the luxury accessories retailer’s stock valued at $1,016,194,000 after buying an additional 778,882 shares during the last quarter. 89.72% of the stock is owned by institutional investors and hedge funds.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 12th will be paid a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Thursday, September 8th. Coach’s payout ratio is 81.82%.
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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