Coach Inc. (NYSE:COH) – Equities research analysts at Wedbush raised their FY2017 earnings estimates for shares of Coach in a report issued on Friday. Wedbush analyst M. Brown now expects that the firm will post earnings per share of $2.23 for the year, up from their prior estimate of $2.21. Wedbush also issued estimates for Coach’s Q4 2017 earnings at $0.54 EPS.
Coach (NYSE:COH) last announced its quarterly earnings data on Tuesday, August 9th. The luxury accessories retailer reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm earned $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. The business’s revenue was up 15.0% on a year-over-year basis.
A number of other brokerages have also recently commented on COH. Vetr cut Coach from a “strong-buy” rating to a “buy” rating and set a $48.50 price target for the company. in a research report on Tuesday, August 2nd. Piper Jaffray Cos. restated an “overweight” rating and issued a $47.00 price target on shares of Coach in a research report on Tuesday, August 2nd. Zacks Investment Research cut Coach from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. OTR Global upgraded Coach to a “positive” rating in a research report on Monday, August 1st. Finally, Credit Suisse Group AG upgraded Coach from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $42.00 to $47.00 in a research report on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-two have issued a buy rating to the stock. Coach currently has a consensus rating of “Hold” and an average target price of $42.13.
Shares of Coach (NYSE:COH) traded down 0.95% during mid-day trading on Monday, reaching $36.32. The company’s stock had a trading volume of 755,053 shares. The company has a market cap of $10.13 billion, a PE ratio of 22.01 and a beta of 0.90. The company has a 50-day moving average price of $37.19 and a 200 day moving average price of $39.39. Coach has a 52-week low of $28.70 and a 52-week high of $43.71.
Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in Coach by 1,307.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,166 shares of the luxury accessories retailer’s stock worth $129,000 after buying an additional 2,941 shares during the last quarter. Americafirst Capital Management LLC acquired a new position in Coach during the second quarter worth $140,000. Mizuho Asset Management Co. Ltd. boosted its position in Coach by 132.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,763 shares of the luxury accessories retailer’s stock worth $153,000 after buying an additional 2,146 shares during the last quarter. M&R Capital Management Inc. acquired a new position in Coach during the second quarter worth $154,000. Finally, Global X Management Co. LLC boosted its position in Coach by 255.6% in the second quarter. Global X Management Co. LLC now owns 4,072 shares of the luxury accessories retailer’s stock worth $166,000 after buying an additional 2,927 shares during the last quarter. 89.29% of the stock is owned by institutional investors.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Monday, September 12th were issued a $0.3375 dividend. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $1.35 dividend on an annualized basis and a yield of 3.68%. Coach’s payout ratio is 81.82%.
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.
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