Analysts Set Coach Inc. (NYSE:COH) Target Price at $41.48
Coach Inc. (NYSE:COH) has been given a consensus rating of “Hold” by the forty-three analysts that are covering the stock. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty-two have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $41.48.
Several research analysts have commented on COH shares. Morgan Stanley downgraded Coach from an “equal weight” rating to an “underweight” rating and set a $32.00 target price for the company. in a research note on Wednesday, September 14th. Robert W. Baird upgraded Coach from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $45.00 to $50.00 in a research note on Monday, July 18th. Cowen and Company reiterated an “outperform” rating on shares of Coach in a research report on Tuesday, August 23rd. Piper Jaffray Cos. reiterated an “overweight” rating and set a $46.00 price target on shares of Coach in a research report on Thursday, September 8th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $43.00 price target on shares of Coach in a research report on Wednesday, August 10th.
Shares of Coach (NYSE:COH) opened at 36.65 on Monday. The company has a market capitalization of $10.22 billion, a PE ratio of 22.21 and a beta of 0.90. Coach has a one year low of $28.70 and a one year high of $43.71. The company has a 50-day moving average price of $37.45 and a 200 day moving average price of $39.44.
Coach (NYSE:COH) last issued its earnings results on Tuesday, August 9th. The luxury accessories retailer reported $0.45 EPS for the quarter, topping the consensus estimate of $0.41 by $0.04. Coach had a return on equity of 21.32% and a net margin of 10.25%. The business earned $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned $0.31 EPS. The firm’s revenue was up 15.0% compared to the same quarter last year. Equities analysts anticipate 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. Shareholders of record on Monday, September 12th were given a $0.3375 dividend. This represents a $1.35 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend was Thursday, September 8th. Coach’s payout ratio is 81.82%.
Hedge funds have recently modified their holdings of the company. Franklin Street Advisors Inc. NC boosted its stake in shares of Coach by 28.9% in the third quarter. Franklin Street Advisors Inc. NC now owns 144,082 shares of the luxury accessories retailer’s stock worth $5,268,000 after buying an additional 32,327 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Coach by 7.6% in the third quarter. BNP Paribas Arbitrage SA now owns 183,934 shares of the luxury accessories retailer’s stock worth $6,725,000 after buying an additional 12,941 shares during the period. Cullinan Associates Inc. raised its position in Coach by 51.9% in the third quarter. Cullinan Associates Inc. now owns 36,000 shares of the luxury accessories retailer’s stock worth $1,316,000 after buying an additional 12,300 shares during the period. Macquarie Group Ltd. raised its position in Coach by 8.6% in the second quarter. Macquarie Group Ltd. now owns 104,550 shares of the luxury accessories retailer’s stock worth $4,259,000 after buying an additional 8,300 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Coach during the second quarter worth $457,000. Institutional investors and hedge funds 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 & 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.