Vetr upgraded shares of Coach Inc. (NYSE:COH) from a buy rating to a strong-buy rating in a report published on Monday. They currently have $42.82 target price on the luxury accessories retailer’s stock.

A number of other research analysts have also commented on the company. Morgan Stanley lowered Coach from an equal weight rating to an underweight rating and set a $32.00 price objective on the stock. in a research report on Wednesday, September 14th. 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 issued a $46.00 price objective on shares of Coach in a research report on Thursday, September 8th. OTR Global lowered Coach to a positive rating in a research report on Thursday, October 13th. Finally, Deutsche Bank AG reiterated a hold rating and issued a $43.00 price objective on shares of Coach in a research report on Wednesday, August 10th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $42.13.

Analyst Recommendations for Coach (NYSE:COH)

Coach (NYSE:COH) opened at 37.83 on Monday. Coach has a 52-week low of $29.66 and a 52-week high of $43.71. The company’s 50-day moving average price is $36.54 and its 200 day moving average price is $38.54. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of 21.99 and a beta of 0.58.

Coach (NYSE:COH) last released its quarterly earnings results on Tuesday, November 1st. The luxury accessories retailer reported $0.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.45. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.07 billion. Coach had a return on equity of 21.30% and a net margin of 10.70%. Coach’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 EPS. Equities analysts predict that Coach will post $2.14 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Friday, December 9th will be issued a $0.3375 dividend. This represents a $1.35 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Wednesday, December 7th. Coach’s payout ratio is 78.49%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Conning Inc. increased its position in shares of Coach by 0.3% in the second quarter. Conning Inc. now owns 6,456 shares of the luxury accessories retailer’s stock valued at $263,000 after buying an additional 20 shares during the last quarter. Trust Co. of Vermont increased its position in shares of Coach by 2.1% in the third quarter. Trust Co. of Vermont now owns 3,102 shares of the luxury accessories retailer’s stock valued at $113,000 after buying an additional 65 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Coach by 0.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 15,250 shares of the luxury accessories retailer’s stock valued at $557,000 after buying an additional 80 shares during the last quarter. Ropes Wealth Advisors LLC increased its position in shares of Coach by 0.9% in the second quarter. Ropes Wealth Advisors LLC now owns 10,284 shares of the luxury accessories retailer’s stock valued at $419,000 after buying an additional 96 shares during the last quarter. Finally, Benedict Financial Advisors Inc. increased its position in shares of Coach by 1.1% in the third quarter. Benedict Financial Advisors Inc. now owns 8,781 shares of the luxury accessories retailer’s stock valued at $321,000 after buying an additional 98 shares during the last quarter. 88.02% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:COH

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