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Coach (NYSE:COH)‘s stock had its “underperform” rating restated by Zacks in a research report issued on Friday, American Banking & Market News reports. They currently have a $44.00 price objective on the stock. Zacks‘ price objective indicates a potential downside of 10.84% from the stock’s previous close.

Coach (NYSE:COH) traded down 0.99% on Friday, hitting $48.86. 4,862,253 shares of the company’s stock traded hands. 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 $55.04 and a 200-day moving average of $54.42. The company has a market cap of $13.703 billion and a price-to-earnings ratio of 13.66. Coach also saw unusually large options trading activity on Tuesday. Stock investors acquired 25,758 call options on the stock. This is an increase of approximately 458% compared to the average 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 for the quarter, missing the analysts’ 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. During the same quarter last year, the company posted $1.23 earnings per share. Coach’s revenue was down 5.6% compared to the same quarter last year. 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 Cantor Fitzgerald downgraded shares of Coach from a “buy” rating to a “hold” rating in a research note to investors on Friday. They now have a $50.00 price target on the stock, down previously from $61.00. Separately, analysts at Deutsche Bank cut their price target on shares of Coach from $61.00 to $58.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Finally, analysts at UBS AG cut their price target on shares of Coach to $50.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, twenty have assigned a hold rating and twelve have given a buy rating to the company’s stock. Coach currently has an average rating of “Hold” and a consensus target price of $56.71.

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

To view Zacks’ full report, visit www.zacks.com

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