Coach Receives Average Rating of “Hold” from Brokerages (NYSE:COH)
Shares of Coach (NYSE:COH) have been given an average recommendation of “Hold” by the thirty-three brokerages that are covering the company, Stock Ratings News reports. Six equities research analysts have rated the stock with a sell recommendation, twenty have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $39.71.
Coach (NYSE:COH) traded up 0.54% on Thursday, hitting $35.29. The stock had a trading volume of 344,858 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 $34.83 and a 200-day moving average of $43.33. The company has a market cap of $9.677 billion and a P/E ratio of 12.58. Coach also was the target of some unusual options trading activity on Monday. Traders acquired 9,422 call options on the company. This is an increase of approximately 128% compared to the average volume of 4,125 call options.
Coach (NYSE:COH) last announced its earnings results 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 $1.90 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 3.85%. The ex-dividend date of this dividend is Friday, September 5th.
A number of analysts have recently weighed in on COH shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Coach in a research note on Wednesday. They now have a $38.00 price target on the stock, up previously from $36.00. Separately, analysts at Macquarie reiterated a “neutral” rating on shares of Coach in a research note on Wednesday. They now have a $36.00 price target on the stock, down previously from $38.00. Finally, analysts at Topeka Capital Markets raised their price target on shares of Coach from $34.00 to $35.00 in a research note on Tuesday. They now have a “hold” rating on the stock.
Coach, Inc (NYSE:COH) is a marketer of accessories and gifts for women and men.
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