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Equities researchers at Canaccord Genuity cut their target price on shares of Coach (NYSE:COH) from $55.00 to $47.00 in a research report issued on Wednesday, AnalystRatings.NET reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s target price indicates a potential downside of 10.56% from the company’s current price.

Shares of Coach (NYSE:COH) traded down 6.34% during mid-day trading on Wednesday, hitting $49.2201. The stock had a trading volume of 8,677,579 shares. Coach has a one year low of $45.87 and a one year high of $60.12. The stock’s 50-day moving average is $55.47 and its 200-day moving average is $54.4. The company has a market cap of $13.804 billion and a P/E ratio of 14.55. Coach also was the target of unusually large options trading on Tuesday. Stock investors acquired 25,758 call options on the stock. This is an increase of approximately 458% compared to the typical volume of 4,615 call options.

Coach (NYSE:COH) last released its earnings data on Wednesday, January 22nd. The company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by $0.06. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.49 billion. On average, analysts predict that Coach will post $3.47 earnings per share for the current fiscal year.

COH has been the subject of a number of other 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. 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 investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have assigned a buy rating to the stock. Coach presently has a consensus rating of “Hold” and an average price target of $57.57.

Coach, Inc (NYSE:COH), is a marketer of fine accessories and gifts for women and men.

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