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Analysts at Topeka Capital Markets initiated coverage on shares of Coach (NYSE:COH) in a research report issued to clients and investors on Monday. The firm set a “hold” rating and a $46.00 price target on the stock. Topeka Capital Markets’ price objective suggests a potential upside of 9.86% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet downgraded shares of Coach from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. Separately, analysts at Morgan Stanley downgraded shares of Coach from an “equal weight” rating to an “underweight” rating in a research note on Thursday, May 1st. They now have a $36.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Coach in a research note on Wednesday, April 30th. They now have a $49.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $51.16.

Shares of Coach (NYSE:COH) traded down 0.29% during mid-day trading on Monday, hitting $41.87. 3,356,818 shares of the company’s stock traded hands. Coach has a one year low of $41.13 and a one year high of $60.12. The stock has a 50-day moving average of $46.8 and a 200-day moving average of $50.54. The company has a market cap of $11.480 billion and a price-to-earnings ratio of 12.81.

Coach (NYSE:COH) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was down 7.4% on a year-over-year basis. Analysts expect that Coach will post $3.05 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $0.3375 per share. This represents a $1.35 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Wednesday, June 4th.

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

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