Coach Given Average Recommendation of “Hold” by Analysts (NYSE:COH)
Coach (NYSE:COH) has earned a consensus recommendation of “Hold” from the thirty-three brokerages that are presently covering the company, StockRatingsNetwork reports. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $39.39.
A number of research firms have recently commented on COH. Analysts at Zacks reiterated an “underperform” rating on shares of Coach in a research note on Thursday. They now have a $32.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Coach in a research note on Wednesday, August 6th. They now have a $38.00 price target on the stock, up previously from $36.00. Finally, analysts at Macquarie reiterated a “neutral” rating on shares of Coach in a research note on Wednesday, August 6th. They now have a $36.00 price target on the stock, down previously from $38.00.
Coach (NYSE:COH) opened at 36.71 on Thursday. Coach has a one year low of $33.39 and a one year high of $57.95. The stock’s 50-day moving average is $34.59 and its 200-day moving average is $43.22. The company has a market cap of $10.067 billion and a price-to-earnings ratio of 12.48.
Coach (NYSE:COH) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. Analysts expect that Coach will post $1.90 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 29th. Shareholders of record on Tuesday, September 9th will be paid a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Friday, September 5th.
Coach, Inc (NYSE:COH) is a marketer of accessories and gifts for women and men.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.