Coach Sees Unusually Large Options Volume (COH)
Coach (NYSE:COH) was the target of some unusual options trading activity on Monday. Stock traders bought 8,851 put options on the stock, Stock Ratings Network reports. This is an increase of approximately 305% compared to the average daily volume of 2,186 put options.
A number of analysts have recently weighed in on COH shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Coach in a research note to investors on Tuesday, November 26th. They now have a $63.00 price target on the stock, up previously from $58.00. Separately, analysts at Standpoint Research downgraded shares of Coach from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, November 26th. Finally, analysts at Cantor Fitzgerald reiterated a “sell” rating on shares of Coach in a research note to investors on Sunday, November 10th. They now have a $46.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $58.24.
Shares of Coach (NYSE:COH) traded down 0.68% on Monday, hitting $55.86. 2,268,114 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 has a 50-day moving average of $55.67 and a 200-day moving average of $54.70. The company has a market cap of $15.667 billion and a price-to-earnings ratio of 15.57.
Coach (NYSE:COH) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.01. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Analysts expect that Coach will post $3.47 EPS for the current fiscal year.
Coach, Inc (NYSE:COH), is a marketer of fine accessories and gifts for women and men.
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