Coach, Inc. (NYSE:COH) has been assigned a $53.00 price target by equities researchers at Jefferies Group LLC in a report issued on Tuesday, July 4th. The brokerage presently has a “buy” rating on the luxury accessories retailer’s stock. Jefferies Group LLC’s price target points to a potential upside of 12.74% from the company’s current price.

COH has been the topic of several other reports. Wedbush reaffirmed a “neutral” rating and set a $38.00 price target on shares of Coach in a research report on Tuesday, March 21st. Piper Jaffray Companies set a $43.00 price target on shares of Coach and gave the stock a “buy” rating in a research report on Monday, March 20th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $47.00 price target on shares of Coach in a research report on Wednesday, March 8th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $42.00 price target on shares of Coach in a research report on Monday, April 3rd. Finally, Instinet reiterated a “buy” rating and set a $45.00 price objective (up from $40.00) on shares of Coach in a research note on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $48.15.

Coach (NYSE COH) traded up 1.86% during midday trading on Tuesday, reaching $47.01. The company had a trading volume of 2,645,473 shares. Coach has a 52-week low of $34.07 and a 52-week high of $48.85. The company’s 50 day moving average is $47.31 and its 200-day moving average is $42.21. The company has a market capitalization of $13.22 billion, a P/E ratio of 25.38 and a beta of 0.45.

Coach (NYSE:COH) last issued its quarterly earnings data on Tuesday, May 2nd. The luxury accessories retailer reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The company had revenue of $995.20 million for the quarter, compared to analyst estimates of $1.02 billion. Coach had a net margin of 11.55% and a return on equity of 21.36%. The company’s revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 earnings per share. Equities analysts expect that Coach will post $2.15 earnings per share for the current fiscal year.

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In related news, insider Sarah Dunn sold 7,595 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $46.07, for a total value of $349,901.65. Following the sale, the insider now directly owns 74,627 shares in the company, valued at approximately $3,438,065.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andre Cohen sold 2,988 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $46.06, for a total value of $137,627.28. Following the completion of the sale, the insider now owns 43,198 shares in the company, valued at $1,989,699.88. The disclosure for this sale can be found here. Insiders sold a total of 44,359 shares of company stock worth $2,023,928 over the last 90 days. 0.81% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. boosted its stake in shares of Coach by 0.3% in the second quarter. Stratos Wealth Partners LTD. now owns 10,175 shares of the luxury accessories retailer’s stock worth $482,000 after buying an additional 32 shares in the last quarter. Cleararc Capital Inc. boosted its stake in shares of Coach by 0.5% in the first quarter. Cleararc Capital Inc. now owns 6,847 shares of the luxury accessories retailer’s stock worth $283,000 after buying an additional 34 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Coach by 0.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,909 shares of the luxury accessories retailer’s stock worth $451,000 after buying an additional 47 shares in the last quarter. Benedict Financial Advisors Inc. boosted its stake in shares of Coach by 0.6% in the first quarter. Benedict Financial Advisors Inc. now owns 8,403 shares of the luxury accessories retailer’s stock worth $347,000 after buying an additional 49 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its stake in shares of Coach by 0.5% in the second quarter. LS Investment Advisors LLC now owns 10,290 shares of the luxury accessories retailer’s stock worth $487,000 after buying an additional 53 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

About Coach

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.

Analyst Recommendations for Coach (NYSE:COH)

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