Share on StockTwits

Equities researchers at Cowen and Company reduced their price target on shares of Coach (NYSE:COH) from $42.00 to $35.00 in a research report issued on Friday. The firm currently has a “market perform” rating on the stock. Cowen and Company’s price target points to a potential upside of 0.78% from the stock’s previous close.

Coach (NYSE:COH) traded down 2.69% on Friday, hitting $34.73. 32,718,146 shares of the company’s stock traded hands. Coach has a 52-week low of $35.00 and a 52-week high of $59.58. The stock’s 50-day moving average is $40.9 and its 200-day moving average is $48.3. The company has a market cap of $9.522 billion and a price-to-earnings ratio of 10.88. Coach also saw unusually large options trading on Tuesday. Stock investors acquired 17,506 call options on the company. This is an increase of approximately 238% compared to the typical daily volume of 5,177 call options.

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.

A number of other analysts have also recently weighed in on COH. Analysts at ISI Group reiterated a “neutral” rating on shares of Coach in a research note on Friday. They now have a $35.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Coach from $49.00 to $39.00 in a research note on Friday. They now have an “overweight” rating on the stock. Finally, analysts at Sterne Agee reiterated a “neutral” rating on shares of Coach in a research note on Friday. They now have a $33.00 price target on the stock, down previously from $41.00. Three equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $43.31.

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.