Coach Inc (COH) Stock Rating Lowered by OTR Global
Coach Inc (NYSE:COH) was downgraded by equities research analysts at OTR Global to a “positive” rating in a note issued to investors on Thursday, The Fly reports.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Coach from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, June 29th. Argus reaffirmed a “hold” rating on shares of Coach in a report on Saturday, August 13th. Telsey Advisory Group raised shares of Coach from a “market perform” rating to an “outperform” rating and set a $49.00 price objective on the stock in a report on Friday, August 5th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Coach in a report on Thursday, August 11th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $31.00 price objective on shares of Coach in a report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Coach currently has a consensus rating of “Hold” and a consensus price target of $42.13.
Shares of Coach (NYSE:COH) traded down 2.05% during trading on Thursday, reaching $35.78. 1,747,111 shares of the company traded hands. The stock has a market capitalization of $9.98 billion, a PE ratio of 21.68 and a beta of 0.90. The firm has a 50 day moving average of $36.97 and a 200 day moving average of $39.35. Coach has a 52 week low of $28.70 and a 52 week high of $43.71.
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Coach (NYSE:COH) last released its quarterly earnings results on Tuesday, August 9th. The luxury accessories retailer reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.04. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. Coach had a net margin of 10.25% and a return on equity of 21.32%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the business earned $0.31 earnings per share. On average, equities analysts predict that Coach will post $2.16 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 12th were paid a dividend of $0.3375 per share. The ex-dividend date was Thursday, September 8th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 3.70%. Coach’s dividend payout ratio (DPR) is presently 81.82%.
Several institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. boosted its position in Coach by 26.1% in the second quarter. Alps Advisors Inc. now owns 695,886 shares of the luxury accessories retailer’s stock worth $28,350,000 after buying an additional 144,148 shares during the period. Geode Capital Management LLC boosted its position in Coach by 2.6% in the first quarter. Geode Capital Management LLC now owns 2,270,176 shares of the luxury accessories retailer’s stock worth $90,829,000 after buying an additional 56,634 shares during the period. Zurich Insurance Group Ltd FI bought a new position in Coach during the first quarter worth $917,000. Legal & General Group Plc boosted its position in Coach by 2.7% in the first quarter. Legal & General Group Plc now owns 1,267,087 shares of the luxury accessories retailer’s stock worth $50,799,000 after buying an additional 33,163 shares during the period. Finally, Greylin Investment Mangement Inc. boosted its position in Coach by 5.2% in the second quarter. Greylin Investment Mangement Inc. now owns 737,030 shares of the luxury accessories retailer’s stock worth $30,027,000 after buying an additional 36,430 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.
Coach, Inc (Coach) is a design house of luxury accessories and lifestyle collections. The Company’s product offering uses a range of leathers, fabrics and materials. Its segments include North America, International and Stuart Weitzman. The North America segment includes sales of Coach brand products to North American customers through Coach-operated stores (including the Internet) and sales to North American wholesale customers.
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