Credit Agricole SA Comments on Coach Inc.’s FY2017 Earnings (COH)
Coach Inc. (NYSE:COH) – Investment analysts at Credit Agricole SA issued their FY2017 earnings per share estimates for shares of Coach in a note issued to investors on Wednesday. Credit Agricole SA analyst R. Patel anticipates that the firm will post earnings of $2.24 per share for the year. 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 FY2018 earnings at $2.55 EPS.
Several other brokerages also recently commented on COH. Jefferies Group reaffirmed a “buy” rating and set a $51.00 price objective on shares of Coach in a research report on Thursday, June 9th. Piper Jaffray Cos. reaffirmed a “buy” rating and set a $47.00 price objective on shares of Coach in a research report on Wednesday, June 8th. Zacks Investment Research raised 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. Vetr downgraded shares of Coach from a “strong-buy” rating to a “buy” rating and set a $48.50 price objective for the company. in a research report on Tuesday, August 2nd. Finally, TheStreet raised shares of Coach from a “hold” rating to a “buy” rating in a research report on Tuesday, August 9th. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $42.13.
Shares of Coach (NYSE:COH) traded down 0.025% during trading on Monday, reaching $36.531. 550,882 shares of the company were exchanged. Coach has a one year low of $28.70 and a one year high of $43.71. The firm’s 50 day moving average price is $37.61 and its 200 day moving average price is $39.48. The company has a market capitalization of $10.19 billion, a PE ratio of 22.140 and a beta of 0.90.
Coach (NYSE:COH) last issued its earnings results 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. 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 firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 earnings per share.
Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted 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 valued at $129,000 after buying an additional 2,941 shares during the period. Americafirst Capital Management LLC acquired a new position in Coach during the second quarter valued at about $140,000. Mizuho Asset Management Co. Ltd. boosted 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 valued at $153,000 after buying an additional 2,146 shares during the period. M&R Capital Management Inc. acquired a new position in Coach during the second quarter valued at about $154,000. Finally, Global X Management Co. LLC boosted 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 valued at $166,000 after buying an additional 2,927 shares during the period. Hedge funds and other institutional investors own 89.72% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders 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 yield of 3.69%. Coach’s 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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.