Traders Buy Large Volume of Call Options on Coach (COH)
Shares of Coach (NYSE:COH) was the recipient of unusually large options trading activity on Tuesday. Investors acquired 25,758 call options on the stock, Analyst Ratings News reports. This is an increase of 458% compared to the average volume of 4,615 call options.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “underperform” rating on shares of Coach in a research note to investors on Tuesday, January 7th. They now have a $50.00 price target on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. Coach has a consensus rating of “Hold” and a consensus price target of $58.43.
Coach (NYSE:COH) traded down 0.02% during mid-day trading on Tuesday, hitting $52.55. The stock had a trading volume of 5,949,936 shares. Coach has a 1-year low of $45.87 and a 1-year high of $61.60. The stock’s 50-day moving average is $55.66 and its 200-day moving average is $54.56. The company has a market cap of $14.738 billion and a P/E ratio of 14.55.
Coach, Inc (NYSE:COH), is a marketer of fine accessories and gifts for women and men.
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