Coach Now Covered by Analysts at Piper Jaffray Cos. (COH)
Research analysts at Piper Jaffray Cos. began coverage on shares of Coach (NYSE:COH) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Coach (NYSE:COH) traded down 1.47% during mid-day trading on Tuesday, hitting $53.59. 3,798,040 shares of the company’s stock traded hands. Coach has a 52 week low of $45.87 and a 52 week high of $61.94. The stock’s 50-day moving average is $53.77 and its 200-day moving average is $55.39. The company has a market cap of $15.076 billion and a price-to-earnings ratio of 15.07.
Coach (NYSE:COH) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.89 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.89. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts predict that Coach will post $3.79 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald initiated coverage on shares of Coach in a research note to investors on Thursday, October 3rd. They set a “buy” rating and a $66.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Coach in a research note to investors on Thursday, September 5th. They now have a $56.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Coach in a research note to investors on Thursday, August 22nd. They now have a $60.00 price target on the stock, down previously from $65.00. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eighteen have issued a buy rating to the stock. Coach has a consensus rating of “Hold” and a consensus price target of $61.64.
Coach, Inc (NYSE:COH), is a marketer of fine accessories and gifts for women and men.
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