Investors Purchase Large Volume of Call Options on Coach (COH)
Shares of Coach (NYSE:COH) were the recipient of unusually large options trading on Monday. Investors purchased 9,422 call options on the company, Stock Ratings Network reports. This is an increase of approximately 128% compared to the typical volume of 4,125 call options.
Several analysts have recently commented on the stock. Analysts at Buckingham Research downgraded shares of Coach from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 9th. They now have a $28.00 price target on the stock, down previously from $32.00. Separately, analysts at Credit Suisse cut their price target on shares of Coach from $39.00 to $30.00 in a research note on Thursday, July 3rd. They now have a “hold” rating on the stock. Finally, analysts at Bank of America downgraded shares of Coach from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 25th. They now have a $31.00 price target on the stock, down previously from $38.00. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have issued a buy rating to the company’s stock. Coach has a consensus rating of “Hold” and an average price target of $40.04.
Coach (NYSE:COH) traded up 1.81% during mid-day trading on Monday, hitting $34.31. The stock had a trading volume of 7,265,662 shares. Coach has a 52 week low of $33.39 and a 52 week high of $57.95. The stock has a 50-day moving average of $35.07 and a 200-day moving average of $43.79. The company has a market cap of $9.407 billion and a P/E ratio of 10.28.
Coach, Inc (NYSE:COH) is a marketer of accessories and gifts for women and men.
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