Coach Hits New 52-Week Low at $40.41 (COH)
Coach (NYSE:COH)’s share price hit a new 52-week low on Wednesday , AnalystRatings.Net reports. The company traded as low as $40.41 and last traded at $40.67, with a volume of 2,547,364 shares. The stock had previously closed at $41.36.
Several analysts have recently commented on the stock. Analysts at ING Group initiated coverage on shares of Coach in a research note on Tuesday, May 20th. They set a “hold” rating and a $46.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Coach in a research note on Tuesday, May 20th. They set a “hold” rating and a $46.00 price target on the stock. Finally, analysts at Topeka Capital Markets initiated coverage on shares of Coach in a research note on Monday, May 19th. They set a “hold” rating and a $46.00 price target on the stock. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $51.40.
The stock’s 50-day moving average is $45. and its 200-day moving average is $50.09. The company has a market cap of $11.197 billion and a P/E ratio of 12.61.
Coach (NYSE:COH) last announced its earnings results on Tuesday, April 29th. The company reported $0.68 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.84 earnings per share. Coach’s revenue was down 7.4% compared to the same quarter last year. On average, analysts predict that Coach will post $3.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Wednesday, June 4th.
Coach, Inc (NYSE:COH) is a marketer of accessories and gifts for women and men.
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