Coach, Inc. (COH) Rating Reiterated by Jefferies Group LLC
Coach, Inc. (NYSE:COH)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Group LLC in a research note issued on Saturday. They presently have a $42.00 price target on the luxury accessories retailer’s stock. Jefferies Group LLC’s price objective would indicate a potential upside of 1.45% from the company’s current price.
A number of other equities research analysts have also commented on COH. UBS AG restated a “buy” rating and set a $55.00 price objective (up from $49.00) on shares of Coach in a report on Thursday, May 25th. Piper Jaffray Companies raised their price objective on shares of Coach from $47.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, May 30th. BidaskClub upgraded shares of Coach from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Vetr upgraded shares of Coach from a “sell” rating to a “hold” rating and set a $46.00 price objective on the stock in a report on Tuesday, June 13th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $50.00 price objective (up from $45.00) on shares of Coach in a report on Thursday, June 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $48.03.
Coach (NYSE COH) opened at 41.40 on Friday. The stock’s 50 day moving average is $43.35 and its 200 day moving average is $43.43. Coach has a 12-month low of $34.07 and a 12-month high of $48.85. The stock has a market capitalization of $11.70 billion, a PE ratio of 19.81 and a beta of 0.44.
Coach (NYSE:COH) last issued its quarterly earnings data on Tuesday, August 15th. The luxury accessories retailer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. Coach had a net margin of 13.17% and a return on equity of 21.31%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the business posted $0.45 earnings per share. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. Analysts forecast that Coach will post $2.38 EPS for the current year.
TRADEMARK VIOLATION WARNING: “Coach, Inc. (COH) Rating Reiterated by Jefferies Group LLC” was reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2017/09/16/coach-inc-coh-rating-reiterated-by-jefferies-group-llc.html.
In other Coach news, CAO Todd Kahn sold 4,586 shares of Coach stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $40.85, for a total value of $187,338.10. Following the completion of the sale, the chief accounting officer now owns 72,412 shares in the company, valued at approximately $2,958,030.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Melinda Brown sold 8,250 shares of Coach stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $41.28, for a total transaction of $340,560.00. Following the completion of the sale, the senior vice president now owns 42,884 shares of the company’s stock, valued at approximately $1,770,251.52. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.
A number of institutional investors have recently modified their holdings of COH. Mckinley Capital Management LLC Delaware acquired a new stake in Coach in the 2nd quarter worth about $115,000. Dupont Capital Management Corp acquired a new stake in Coach in the 2nd quarter worth about $118,000. Winslow Evans & Crocker Inc. raised its stake in Coach by 18.1% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,616 shares of the luxury accessories retailer’s stock worth $124,000 after purchasing an additional 400 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in Coach in the 1st quarter worth about $153,000. Finally, Seven Eight Capital LP acquired a new stake in Coach in the 2nd quarter worth about $188,000. Institutional investors and hedge funds own 86.35% of the company’s stock.
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.
Receive News & Ratings for Coach Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coach Inc. and related companies with MarketBeat.com's FREE daily email newsletter.