Brokers Set Expectations for Coach, Inc.’s Q1 2018 Earnings (COH)
Coach, Inc. (NYSE:COH) – Investment analysts at William Blair issued their Q1 2018 EPS estimates for Coach in a report released on Wednesday. William Blair analyst D. Carden expects that the luxury accessories retailer will earn $0.50 per share for the quarter. William Blair also issued estimates for Coach’s Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $0.47 EPS, Q4 2018 earnings at $0.59 EPS, FY2018 earnings at $2.42 EPS and FY2019 earnings at $2.82 EPS.
Coach (NYSE:COH) last posted its quarterly earnings data on Tuesday, May 2nd. The luxury accessories retailer reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The business had revenue of $995.20 million during the quarter, compared to the consensus estimate of $1.02 billion. Coach had a return on equity of 21.36% and a net margin of 11.55%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share.
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A number of other research analysts have also issued reports on COH. BlueFin Research set a $46.00 price objective on Coach and gave the company a “buy” rating in a research report on Saturday, April 1st. Goldman Sachs Group, Inc. (The) upgraded Coach to a “buy” rating in a research report on Saturday, July 1st. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Coach in a research report on Tuesday, July 4th. Piper Jaffray Companies set a $47.00 price target on Coach and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Finally, Jefferies Group LLC set a $53.00 price target on Coach and gave the stock a “buy” rating in a research report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-three have given a buy rating to the company’s stock. Coach has an average rating of “Buy” and an average price target of $48.19.
Coach (COH) traded up 1.49% during midday trading on Thursday, hitting $47.75. The stock had a trading volume of 748,973 shares. The company has a 50-day moving average price of $46.15 and a 200-day moving average price of $40.23. Coach has a 12-month low of $34.07 and a 12-month high of $47.87. The company has a market cap of $13.42 billion, a price-to-earnings ratio of 25.78 and a beta of 0.45.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Friday, June 9th were given a $0.3375 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 2.87%. Coach’s payout ratio is 72.97%.
In other Coach news, CAO Todd Kahn sold 19,450 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $45.45, for a total transaction of $884,002.50. Following the completion of the transaction, the chief accounting officer now directly owns 98,343 shares in the company, valued at $4,469,689.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Andre Cohen sold 10,087 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $45.35, for a total transaction of $457,445.45. Following the transaction, the insider now owns 46,186 shares of the company’s stock, valued at $2,094,535.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,359 shares of company stock valued at $2,023,928. 0.81% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of COH. Ibex Wealth Advisors bought a new stake in Coach during the fourth quarter worth $102,000. Tompkins Financial Corp bought a new stake in Coach during the first quarter worth $120,000. NINE MASTS CAPITAL Ltd bought a new stake in Coach during the first quarter worth $153,000. NEXT Financial Group Inc boosted its stake in Coach by 5.0% in the second quarter. NEXT Financial Group Inc now owns 4,214 shares of the luxury accessories retailer’s stock worth $199,000 after buying an additional 200 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in Coach during the first quarter worth $201,000. 88.21% of the stock is currently owned by hedge funds and other institutional investors.
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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