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Stock analysts at Sterne Agee decreased their price target on shares of Coach (NYSE:COH) from $51.00 to $41.00 in a report issued on Wednesday. The firm currently has a “neutral” rating on the stock. Sterne Agee’s price target would suggest a potential upside of 1.59% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Renaissance Capital upgraded shares of Coach from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $54.00 price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and six have given a buy rating to the company’s stock. Coach has a consensus rating of “Hold” and a consensus price target of $50.90.

Coach (NYSE:COH) opened at 40.0225 on Wednesday. Coach has a 52-week low of $40.11 and a 52-week high of $59.58. The stock has a 50-day moving average of $44.07 and a 200-day moving average of $49.63. The company has a market cap of $10.973 billion and a P/E ratio of 12.33.

Coach (NYSE:COH) last issued its quarterly earnings data 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 declared a quarterly dividend, which is scheduled for Monday, June 30th. Investors 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 3.34%. 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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