Coach, Inc. (NYSE:COH) has been given a $52.00 price target by analysts at Robert W. Baird in a research report issued to clients and investors on Sunday. The firm currently has a “buy” rating on the luxury accessories retailer’s stock. Robert W. Baird’s target price would suggest a potential upside of 27.86% from the company’s current price.

Several other equities research analysts have also commented on the stock. Deutsche Bank AG upgraded shares of Coach to a “buy” rating in a research report on Saturday, July 1st. Goldman Sachs Group, Inc. (The) upgraded shares of Coach to a “buy” rating in a report on Saturday, July 1st. Jefferies Group LLC set a $42.00 target price on shares of Coach and gave the company a “hold” rating in a report on Tuesday, August 15th. Royal Bank Of Canada cut their target price on shares of Coach from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, August 16th. Finally, Buckingham Research restated a “buy” rating and set a $56.00 target price (down previously from $58.00) on shares of Coach in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have issued a buy rating to the stock. Coach currently has a consensus rating of “Buy” and an average target price of $47.84.

Shares of Coach (COH) opened at 40.67 on Friday. The firm has a 50-day moving average of $41.04 and a 200-day moving average of $43.61. The firm has a market cap of $11.49 billion, a P/E ratio of 19.46 and a beta of 0.44. Coach has a 12-month low of $34.07 and a 12-month high of $48.85.

Coach (NYSE:COH) last posted its earnings results on Tuesday, August 15th. The luxury accessories retailer reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Coach had a return on equity of 21.31% and a net margin of 13.17%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the company earned $0.45 earnings per share. Coach’s revenue was down 1.8% compared to the same quarter last year. On average, equities analysts forecast that Coach will post $2.38 earnings per share for the current fiscal year.

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In other news, SVP Melinda Brown sold 8,250 shares of Coach stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $41.28, for a total transaction of $340,560.00. Following the sale, the senior vice president now owns 42,884 shares in the company, valued at $1,770,251.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Todd Kahn sold 4,586 shares of Coach stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $40.85, for a total transaction of $187,338.10. Following the sale, the chief accounting officer now owns 72,412 shares in the company, valued at approximately $2,958,030.20. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware purchased a new position in shares of Coach in the second quarter valued at $115,000. Dupont Capital Management Corp acquired a new stake in Coach during the 2nd quarter valued at $118,000. Winslow Evans & Crocker Inc. grew its holdings in Coach by 18.1% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,616 shares of the luxury accessories retailer’s stock valued at $124,000 after purchasing an additional 400 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in Coach during the 1st quarter valued at $153,000. Finally, Seven Eight Capital LP acquired a new stake in Coach during the 2nd quarter valued at $188,000. 86.32% of the stock is currently owned by institutional investors and hedge funds.

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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