Coach, Inc. (COH) Given Consensus Rating of “Buy” by Analysts
Shares of Coach, Inc. (NYSE:COH) have earned an average rating of “Buy” from the thirty analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $47.35.
COH has been the topic of several research reports. Piper Jaffray Companies reissued a “buy” rating and issued a $47.00 price target on shares of Coach in a research report on Monday, May 8th. Nomura reissued a “buy” rating and issued a $45.00 price target on shares of Coach in a research report on Wednesday, May 3rd. Vetr lowered shares of Coach from a “strong-buy” rating to a “buy” rating and set a $46.00 price target on the stock. in a research report on Tuesday, May 2nd. UBS AG reissued a “buy” rating and issued a $47.00 price target on shares of Coach in a research report on Wednesday, April 26th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $45.00 price target on shares of Coach in a research report on Wednesday, May 3rd.
Coach (COH) opened at 41.00 on Friday. The firm has a market cap of $11.54 billion, a price-to-earnings ratio of 19.62 and a beta of 0.45. Coach has a 12 month low of $34.07 and a 12 month high of $48.85. The firm’s 50 day moving average is $46.99 and its 200-day moving average is $42.92.
Coach (NYSE:COH) last posted its quarterly earnings results on Tuesday, August 15th. The luxury accessories retailer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. Coach had a net margin of 13.17% and a return on equity of 21.31%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, equities analysts forecast that Coach will post $2.39 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be issued a dividend of $0.3375 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.35 dividend on an annualized basis and a yield of 3.29%. Coach’s dividend payout ratio is currently 64.59%.
In related news, insider Sarah Dunn sold 7,595 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $46.07, for a total transaction of $349,901.65. Following the completion of the sale, the insider now directly owns 74,627 shares in the company, valued at approximately $3,438,065.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Andre Cohen sold 2,988 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $46.06, for a total transaction of $137,627.28. Following the sale, the insider now owns 43,198 shares of the company’s stock, valued at $1,989,699.88. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Coach by 3.3% in the second quarter. Vanguard Group Inc. now owns 28,909,152 shares of the luxury accessories retailer’s stock worth $1,368,559,000 after buying an additional 926,068 shares in the last quarter. BlackRock Inc. raised its stake in Coach by 0.5% in the second quarter. BlackRock Inc. now owns 17,761,037 shares of the luxury accessories retailer’s stock worth $840,807,000 after buying an additional 86,847 shares in the last quarter. State Street Corp raised its stake in Coach by 1.7% in the first quarter. State Street Corp now owns 12,130,432 shares of the luxury accessories retailer’s stock worth $501,354,000 after buying an additional 198,818 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Coach by 19.9% in the first quarter. Ameriprise Financial Inc. now owns 9,122,583 shares of the luxury accessories retailer’s stock worth $377,029,000 after buying an additional 1,514,418 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in Coach by 13.6% in the second quarter. Jennison Associates LLC now owns 4,637,031 shares of the luxury accessories retailer’s stock worth $219,517,000 after buying an additional 553,533 shares in the last quarter. Institutional investors own 88.44% of the company’s stock.
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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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