A number of other equities analysts have also commented on COH. Zacks Investment Research upgraded shares of Coach from a hold rating to a buy rating and set a $43.00 price target on the stock in a report on Wednesday, June 29th. Argus restated a hold rating on shares of Coach in a report on Saturday, August 13th. Telsey Advisory Group upgraded shares of Coach from a market perform rating to an outperform rating and set a $49.00 target price on the stock in a report on Friday, August 5th. Stifel Nicolaus restated a hold rating on shares of Coach in a report on Thursday, August 11th. Finally, BMO Capital Markets restated a hold rating and issued a $31.00 target price on shares of Coach in a report on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $42.13.
Coach (NYSE:COH) opened at 35.22 on Thursday. Coach has a 1-year low of $28.70 and a 1-year high of $43.71. The firm has a market capitalization of $9.82 billion, a P/E ratio of 21.35 and a beta of 0.90. The stock’s 50 day moving average is $36.53 and its 200-day moving average is $39.22.
Coach (NYSE:COH) last issued its quarterly earnings results on Tuesday, August 9th. The luxury accessories retailer reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Coach had a net margin of 10.25% and a return on equity of 21.32%. Coach’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share. Analysts forecast that Coach will post $2.16 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Monday, September 12th were issued a dividend of $0.3375 per share. This represents a $1.35 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Thursday, September 8th. Coach’s dividend payout ratio is presently 81.82%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC raised its position in shares of Coach by 112.6% in the third quarter. CWM LLC now owns 60,609 shares of the luxury accessories retailer’s stock worth $2,216,000 after buying an additional 32,100 shares in the last quarter. Northwest Investment Counselors LLC raised its position in shares of Coach by 4.2% in the third quarter. Northwest Investment Counselors LLC now owns 39,349 shares of the luxury accessories retailer’s stock worth $1,439,000 after buying an additional 1,587 shares in the last quarter. National Pension Service raised its position in shares of Coach by 9.5% in the third quarter. National Pension Service now owns 238,029 shares of the luxury accessories retailer’s stock worth $8,702,000 after buying an additional 20,694 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Coach by 15.2% in the third quarter. Nisa Investment Advisors LLC now owns 122,524 shares of the luxury accessories retailer’s stock worth $4,479,000 after buying an additional 16,200 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position in shares of Coach by 3.4% in the third quarter. Capstone Asset Management Co. now owns 20,866 shares of the luxury accessories retailer’s stock worth $763,000 after buying an additional 680 shares in the last quarter. 89.38% of the stock is currently owned by hedge funds and other institutional investors.
Coach Company Profile
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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