Coach (COH) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS
Coach (NYSE:COH) announced its earnings results on Wednesday. The company reported $1.06 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.12 by $0.06, ARN reports. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.49 billion.
Shares of Coach (NYSE:COH) opened at 52.55 on Wednesday. Coach has a 52 week low of $45.87 and a 52 week high of $60.12. The stock has a 50-day moving average of $55.47 and a 200-day moving average of $54.4. The company has a market cap of $14.738 billion and a price-to-earnings ratio of 14.55. Coach also saw unusually large options trading on Tuesday. Stock traders purchased 25,758 call options on the stock. This is an increase of 458% compared to the average volume of 4,615 call options.
COH has been the subject of a number of recent research reports. 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. On the ratings front, 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 given a hold rating and thirteen have given a buy rating to the company. Coach has a consensus rating of “Hold” and a consensus price target of $58.43.
Coach, Inc (NYSE:COH), is a marketer of fine accessories and gifts for women and men.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.