Coach, Inc. (COH) Given Average Recommendation of “Buy” by Analysts
Coach, Inc. (NYSE:COH) has been assigned an average recommendation of “Buy” from the thirty-four ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $48.56.
A number of equities research analysts recently issued reports on COH shares. UBS AG restated a “buy” rating and issued a $47.00 target price on shares of Coach in a report on Wednesday, April 26th. BlueFin Research set a $46.00 target price on shares of Coach and gave the company a “buy” rating in a report on Saturday, April 1st. Vetr downgraded shares of Coach from a “hold” rating to a “sell” rating and set a $45.98 target price for the company. in a report on Monday. Goldman Sachs Group, Inc. (The) upgraded shares of Coach to a “buy” rating in a report on Saturday, July 1st. Finally, Piper Jaffray Companies set a $47.00 target price on shares of Coach and gave the company a “buy” rating in a report on Wednesday, May 17th.
In related news, insider Sarah Dunn sold 7,595 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $46.07, for a total value of $349,901.65. Following the completion of the transaction, the insider now owns 74,627 shares in the company, valued at approximately $3,438,065.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andre Cohen sold 10,087 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $45.35, for a total transaction of $457,445.45. Following the completion of the transaction, the insider now owns 46,186 shares of the company’s stock, valued at approximately $2,094,535.10. The disclosure for this sale can be found here. Insiders sold a total of 44,359 shares of company stock valued at $2,023,928 in the last quarter. 0.81% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in COH. Winslow Evans & Crocker Inc. raised its position in shares of Coach by 18.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,616 shares of the luxury accessories retailer’s stock worth $124,000 after buying an additional 400 shares in the last quarter. Ibex Wealth Advisors bought a new position in shares of Coach during the fourth quarter worth about $102,000. Tompkins Financial Corp bought a new position in shares of Coach during the first quarter worth about $120,000. NINE MASTS CAPITAL Ltd bought a new position in shares of Coach during the first quarter worth about $153,000. Finally, NEXT Financial Group Inc raised its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.
Shares of Coach (NYSE:COH) opened at 48.74 on Monday. The stock has a market cap of $13.70 billion, a PE ratio of 26.32 and a beta of 0.45. Coach has a 1-year low of $34.07 and a 1-year high of $48.85. The stock has a 50 day moving average of $46.90 and a 200 day moving average of $41.42.
Coach (NYSE:COH) last issued its quarterly earnings results on Tuesday, May 2nd. The luxury accessories retailer reported $0.46 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 11.55% and a return on equity of 21.36%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 earnings per share. Equities research analysts forecast that Coach will post $2.15 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Friday, June 9th were given a $0.3375 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $1.35 dividend on an annualized basis and a yield of 2.77%. Coach’s dividend payout ratio is presently 72.97%.
Coach Company Profile
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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