Coach Sees Unusually Large Options Volume (COH)
Shares of Coach (NYSE:COH) saw some unusual options trading on Tuesday. Stock traders purchased 17,506 call options on the company, AnalystRatings.NET reports. This is an increase of 238% compared to the average daily volume of 5,177 call options.
A number of analysts have recently weighed in on COH shares. Analysts at Nomura reiterated a “buy” rating on shares of Coach in a research note on Thursday, June 12th. They now have a $50.00 price target on the stock, down previously from $52.00. Separately, analysts at Sterne Agee downgraded shares of Coach from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 4th. They now have a $41.00 price target on the stock, down previously from $51.00. Finally, analysts at Renaissance Capital upgraded shares of Coach from a “hold” rating to a “buy” rating in a research note on Monday, June 2nd. They now have a $54.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $50.62.
Shares of Coach (NYSE:COH) traded up 2.85% during mid-day trading on Tuesday, hitting $40.81. 7,552,975 shares of the company’s stock traded hands. Coach has a 52-week low of $38.56 and a 52-week high of $59.58. The stock has a 50-day moving average of $41.66 and a 200-day moving average of $48.66. The company has a market cap of $11.189 billion and a price-to-earnings ratio of 12.10.
Coach (NYSE:COH) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. Analysts expect that Coach will post $3.05 EPS for the current fiscal year.
Coach, Inc (NYSE:COH) is a marketer of accessories and gifts for women and men.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.