Coach’s “Neutral” Rating Reaffirmed at ISI Group (COH)
Coach (NYSE:COH)‘s stock had its “neutral” rating restated by equities researchers at ISI Group in a research report issued on Friday. They currently have a $35.00 target price on the stock. ISI Group’s target price would suggest a potential upside of 0.78% from the company’s current price.
A number of other firms have also recently commented on COH. 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. Separately, 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. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Coach in a research note on Friday. They now have a $34.00 price target on the stock, down previously from $45.00. Three investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Coach has a consensus rating of “Hold” and an average price target of $43.31.
Shares of Coach (NYSE:COH) traded down 2.69% during mid-day trading on Friday, hitting $34.73. The stock had a trading volume of 32,718,146 shares. Coach has a one year low of $35.00 and a one year 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 was the recipient of unusually large options trading activity on Tuesday. Traders bought 17,506 call options on the stock. This is an increase of 238% compared to the average 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 (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. On average, analysts predict that Coach will post $3.05 earnings per share for the current fiscal year.
Coach, Inc (NYSE:COH) is a marketer of accessories and gifts for women and men.
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