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Coach (NYSE:COH) was downgraded by equities research analysts at Wedbush from a “neutral” rating to an “underperform” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. They currently have a $26.00 price target on the stock, down from their previous price target of $40.00. Wedbush’s price target points to a potential downside of 25.14% from the company’s current price.

COH has been the subject of a number of other recent research reports. Analysts at Jefferies Group cut their price target on shares of Coach from $48.00 to $35.00 in a research note on Friday. Separately, 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. Finally, 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. Four equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and six have assigned a buy rating to the company. Coach presently has an average rating of “Hold” and an average price target of $42.37.

Coach (NYSE:COH) traded down 1.81% during mid-day trading on Monday, hitting $34.10. The stock had a trading volume of 3,097,582 shares. Coach has a 1-year low of $34.31 and a 1-year high of $59.58. The stock has a 50-day moving average of $40.68 and a 200-day moving average of $48.22. The company has a market cap of $9.349 billion and a price-to-earnings ratio of 10.59.

Coach (NYSE:COH) last released its 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 $3.04 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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