Buckingham Research Reiterates Buy Rating for Coach, Inc. (COH)
Buckingham Research reissued their buy rating on shares of Coach, Inc. (NYSE:COH) in a research report report published on Friday. They currently have a $56.00 price target on the luxury accessories retailer’s stock, down from their previous price target of $58.00.
Other equities analysts also recently issued research reports about the stock. Piper Jaffray Companies reissued a buy rating and issued a $47.00 price objective on shares of Coach in a research note on Monday, May 8th. Nomura reissued a buy rating and issued a $45.00 price objective on shares of Coach in a research note on Wednesday, May 3rd. Vetr downgraded shares of Coach from a strong-buy rating to a buy rating and set a $46.00 price objective for the company. in a research note on Tuesday, May 2nd. UBS AG reissued a buy rating and issued a $47.00 price objective on shares of Coach in a research note on Wednesday, April 26th. Finally, Royal Bank Of Canada reissued a buy rating and issued a $45.00 price objective on shares of Coach in a research note on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $47.92.
Coach (NYSE:COH) opened at 40.89 on Friday. Coach has a 1-year low of $34.07 and a 1-year high of $48.85. The company has a market cap of $11.55 billion, a PE ratio of 19.56 and a beta of 0.45. The stock has a 50 day moving average of $46.62 and a 200-day moving average of $43.06.
Coach (NYSE:COH) last issued its quarterly earnings data on Tuesday, August 15th. The luxury accessories retailer reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. Coach had a net margin of 13.17% and a return on equity of 21.31%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, equities research analysts predict that Coach will post $2.39 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be issued a $0.3375 dividend. This represents a $1.35 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Thursday, September 7th. Coach’s payout ratio is 64.59%.
In other Coach news, insider Sarah Dunn sold 7,595 shares of the firm’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $46.07, for a total value of $349,901.65. Following the completion of the sale, the insider now directly owns 74,627 shares in the company, valued at $3,438,065.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.81% of the company’s stock.
A number of large investors have recently bought and sold shares of COH. Bedrijfstakpensioenfonds Voor DE Media PNO bought a new stake in Coach during the second quarter worth approximately $1,386,000. Mn Services Vermogensbeheer B.V. boosted its stake in Coach by 509.2% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 45,551 shares of the luxury accessories retailer’s stock worth $2,156,000 after buying an additional 38,074 shares during the last quarter. CAPROCK Group Inc. boosted its stake in Coach by 5.8% in the first quarter. CAPROCK Group Inc. now owns 19,903 shares of the luxury accessories retailer’s stock worth $823,000 after buying an additional 1,096 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Coach during the second quarter worth approximately $355,000. Finally, Teza Capital Management LLC bought a new stake in Coach during the first quarter worth approximately $771,000. Institutional investors and hedge funds own 88.44% of the company’s stock.
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.
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