Coach Inc. (NYSE:COH) – Equities research analysts at Credit Agricole SA issued their FY2017 earnings per share estimates for Coach in a research note issued to investors on Wednesday. Credit Agricole SA analyst R. Patel forecasts that the firm will post earnings of $2.24 per share for the year. Credit Agricole SA currently has a “Buy” rating and a $45.00 target price on the stock. Credit Agricole SA also issued estimates for Coach’s FY2018 earnings at $2.55 EPS.
Coach (NYSE:COH) last announced its quarterly earnings data on Tuesday, August 9th. The luxury accessories retailer reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.04. Coach had a net margin of 10.25% and a return on equity of 21.32%. The company earned $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the company earned $0.31 EPS. The business’s quarterly revenue was up 15.0% compared to the same quarter last year.
Other analysts have also issued reports about the stock. Jefferies Group reissued a “buy” rating and set a $51.00 target price on shares of Coach in a research note on Thursday, June 9th. Piper Jaffray Cos. reissued a “buy” rating and set a $47.00 target price on shares of Coach in a research note on Wednesday, June 8th. Zacks Investment Research raised shares of Coach from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, June 29th. Vetr lowered shares of Coach from a “strong-buy” rating to a “buy” rating and set a $48.50 target price for the company. in a research note on Tuesday, August 2nd. Finally, TheStreet raised shares of Coach from a “hold” rating to a “buy” rating in a research note on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $42.13.
Shares of Coach (NYSE:COH) traded down 0.025% during mid-day trading on Monday, hitting $36.531. 550,882 shares of the stock traded hands. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 22.140 and a beta of 0.90. Coach has a 52 week low of $28.70 and a 52 week high of $43.71. The stock has a 50-day moving average of $37.61 and a 200-day moving average of $39.48.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 12th were given a $0.3375 dividend. This represents a $1.35 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend was Thursday, September 8th. Coach’s payout ratio is presently 81.82%.
A number of large investors have recently bought and sold shares of COH. Tower Research Capital LLC TRC boosted its stake 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 valued at $129,000 after buying an additional 2,941 shares during the last quarter. Americafirst Capital Management LLC bought a new stake in Coach during the second quarter valued at $140,000. Mizuho Asset Management Co. Ltd. boosted its stake 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 valued at $153,000 after buying an additional 2,146 shares during the last quarter. M&R Capital Management Inc. bought a new stake in Coach during the second quarter valued at $154,000. Finally, Global X Management Co. LLC boosted its stake 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 valued at $166,000 after buying an additional 2,927 shares during the last quarter. Hedge funds and other institutional investors own 89.72% of the company’s stock.
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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