Topeka Capital Markets Increases Coach Price Target to $35.00 (COH)
Topeka Capital Markets lifted their target price on shares of Coach (NYSE:COH) from $34.00 to $35.00 in a research note issued on Tuesday. The firm currently has a “hold” rating on the stock. Topeka Capital Markets’ price target points to a potential upside of 2.01% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Coach in a research note on Tuesday. They now have a $37.00 price target on the stock, up previously from $35.00. Separately, 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. Finally, 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. Six analysts have rated the stock with a sell rating, twenty have assigned 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 target price of $40.14.
Shares of Coach (NYSE:COH) traded up 4.49% on Tuesday, hitting $35.85. 11,406,415 shares of the company’s stock traded hands. Coach has a 1-year low of $33.39 and a 1-year high of $57.95. The stock’s 50-day moving average is $34.93 and its 200-day moving average is $43.5. The company has a market cap of $9.829 billion and a P/E ratio of 10.46. Coach also was the target of some unusual options trading on Monday. Investors purchased 9,422 call options on the stock. This represents an increase of approximately 128% compared to the typical volume of 4,125 call options.
Coach (NYSE:COH) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.06. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. The company’s quarterly revenue was down 6.7% on a year-over-year basis. On average, analysts predict that Coach will post $3.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 29th. Shareholders of record on Tuesday, September 9th will be given a dividend of $0.3375 per share. This represents a $1.35 dividend on an annualized basis and a yield of 3.93%.
Coach, Inc (NYSE:COH) is a marketer of accessories and gifts for women and men.
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