Coach Given Consensus Rating of “Hold” by Brokerages (NYSE:COH)
Shares of Coach (NYSE:COH) have earned an average rating of “Hold” from the twenty-nine brokerages that are presently covering the stock, AnalystRatings.Net reports. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $56.76.
Coach (NYSE:COH) traded up 0.25% on Wednesday, hitting $47.46. 369,013 shares of the company’s stock traded hands. Coach has a 52 week low of $44.31 and a 52 week high of $60.12. The stock’s 50-day moving average is $51.77 and its 200-day moving average is $53.27. The company has a market cap of $13.174 billion and a P/E ratio of 13.81.
Coach (NYSE:COH) last posted its quarterly earnings results 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. Analysts expect that Coach will post $3.14 EPS for the current fiscal year.
A number of research firms have recently commented on COH. Analysts at Zacks reiterated an “underperform” rating on shares of Coach in a research note on Friday, January 24th. They now have a $44.00 price target on the stock. Separately, analysts at Cantor Fitzgerald downgraded shares of Coach from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. They now have a $50.00 price target on the stock, down previously from $61.00. Finally, analysts at Deutsche Bank cut their price target on shares of Coach from $61.00 to $58.00 in a research note on Thursday, January 23rd. They now have a “hold” rating on the stock.
Coach, Inc (NYSE:COH), is a marketer of fine accessories and gifts for women and men.
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