Coach Price Target Cut to $35.00 (COH)
Research analysts at Jefferies Group dropped their price objective on shares of Coach (NYSE:COH) from $48.00 to $35.00 in a report released on Friday. Jefferies Group’s price objective would indicate a potential upside of 0.78% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company cut their price target on shares of Coach from $42.00 to $35.00 in a research note on Friday. They now have a “market perform” rating on the stock. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $43.41.
Coach (NYSE:COH) traded down 2.69% on Friday, hitting $34.73. 32,719,606 shares of the company’s stock traded hands. Coach has a 52 week low of $34.31 and a 52 week high of $59.58. The stock’s 50-day moving average is $40.68 and its 200-day moving average is $48.22. The company has a market cap of $9.522 billion and a P/E ratio of 10.88. Coach also was the recipient of some unusual options trading on Wednesday. Investors acquired 22,859 put options on the stock. This represents an increase of approximately 236% compared to the average daily volume of 6,804 put options.
Coach (NYSE:COH) last released its earnings data on Tuesday, April 29th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was down 7.4% on a year-over-year basis. Analysts expect that Coach will post $3.04 EPS for the current fiscal year.
Coach, Inc (NYSE:COH) is a marketer of accessories and gifts for women and men.
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