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Coach (NYSE:COH)‘s stock had its “neutral” rating reaffirmed by stock analysts at Sterne Agee in a report issued on Friday. They currently have a $33.00 price objective on the stock, down from their previous price objective of $41.00. Sterne Agee’s price objective would suggest a potential downside of 7.54% from the company’s current price.

Shares of Coach (NYSE:COH) traded down 3.03% during mid-day trading on Friday, hitting $34.61. 20,437,748 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 $9.489 billion and a P/E ratio of 10.88. Coach also was the recipient of some unusual options trading on Tuesday. Stock investors bought 17,506 call options on the company. This is an increase of approximately 238% compared to the average 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 (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.

A number of other firms have also recently commented on COH. 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. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Coach in a research note on Friday. They now have a $36.00 price target on the stock, down previously from $50.00. Finally, analysts at Morgan Stanley reiterated an “underweight” rating on shares of Coach in a research note on Friday. They now have a $29.00 price target on the stock, down previously from $36.00. Three investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $44.00.

Coach, Inc (NYSE:COH) is a marketer of accessories and gifts for women and men.

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