Coach Inc. (COH) Given “Outperform” Rating at Wells Fargo & Co.
Coach Inc. (NYSE:COH)‘s stock had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co. in a report released on Wednesday. They currently have a $47.00 target price on the luxury accessories retailer’s stock. Wells Fargo & Co.’s price objective would indicate a potential upside of 27.82% from the stock’s previous close.
COH has been the topic of a number of other research reports. Piper Jaffray Cos. restated an “overweight” rating and issued a $46.00 target price on shares of Coach in a research report on Tuesday, August 30th. Jefferies Group reiterated a “buy” rating on shares of Coach in a report on Friday, September 2nd. Credit Agricole SA assumed coverage on shares of Coach in a report on Wednesday, September 28th. They set a “buy” rating and a $45.00 price target on the stock. Cowen and Company reiterated an “outperform” rating on shares of Coach in a report on Tuesday, August 23rd. Finally, TheStreet lowered shares of Coach from a “buy” rating to a “hold” rating in a report on Friday, June 24th. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $42.13.
Coach (NYSE:COH) opened at 36.77 on Wednesday. The company has a 50-day moving average of $37.53 and a 200 day moving average of $39.46. The company has a market cap of $10.26 billion, a PE ratio of 22.28 and a beta of 0.90. Coach has a 52-week low of $28.70 and a 52-week high of $43.71.
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, beating analysts’ consensus estimates of $0.41 by $0.04. Coach had a net margin of 10.25% and a return on equity of 21.32%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business posted $0.31 earnings per share. The company’s quarterly revenue was up 15.0% on a year-over-year basis. Equities research analysts predict that Coach will post $2.16 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 12th were issued a $0.3375 dividend. This represents a $1.35 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Thursday, September 8th. Coach’s payout ratio is 81.82%.
Several institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in shares of 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 last quarter. Americafirst Capital Management LLC bought a new position in shares of Coach during the second quarter worth 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 worth $153,000 after buying an additional 2,146 shares during the last quarter. M&R Capital Management Inc. bought a new position in shares of Coach during the second quarter worth 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 worth $166,000 after buying an additional 2,927 shares during the last quarter. 89.72% of the stock is currently owned by hedge funds and other institutional investors.
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.