Coach, Inc. (COH) PT Set at $53.00 by KeyCorp
Coach, Inc. (NYSE:COH) has been given a $53.00 price objective by stock analysts at KeyCorp in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the luxury accessories retailer’s stock. KeyCorp’s target price points to a potential upside of 36.35% from the stock’s previous close.
Several other equities analysts also recently commented on COH. Vetr raised shares of Coach from a “sell” rating to a “hold” rating and set a $46.00 price objective for the company in a research note on Tuesday, June 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $50.00 price objective (up from $45.00) on shares of Coach in a research note on Thursday, June 15th. Buckingham Research raised shares of Coach from a “neutral” rating to a “buy” rating and upped their price objective for the company from $45.00 to $58.00 in a research note on Monday, June 26th. Canaccord Genuity started coverage on shares of Coach in a research note on Friday, June 30th. They set a “buy” rating and a $59.00 price objective for the company. Finally, Deutsche Bank AG raised shares of Coach to a “buy” rating in a research note on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $47.28.
Coach (COH) traded up 1.351% on Wednesday, hitting $39.395. The stock had a trading volume of 1,759,110 shares. The company has a market cap of $11.13 billion, a P/E ratio of 18.849 and a beta of 0.44. Coach has a 52-week low of $34.07 and a 52-week high of $48.85. The stock’s 50-day moving average is $40.62 and its 200-day moving average is $43.61.
Coach (NYSE:COH) last issued its quarterly earnings data on Tuesday, August 15th. The luxury accessories retailer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.49 by $0.01. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. Coach had a net margin of 13.17% and a return on equity of 21.31%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 earnings per share. Analysts expect that Coach will post $2.37 earnings per share for the current year.
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In other news, SVP Melinda Brown sold 8,250 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $41.28, for a total transaction of $340,560.00. Following the sale, the senior vice president now owns 42,884 shares in the company, valued at $1,770,251.52. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Todd Kahn sold 4,586 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $40.85, for a total transaction of $187,338.10. Following the sale, the chief accounting officer now owns 72,412 shares in the company, valued at approximately $2,958,030.20. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.
Large investors have recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Coach during the second quarter valued at approximately $115,000. Dupont Capital Management Corp purchased a new stake in shares of Coach during the second quarter valued at approximately $118,000. Winslow Evans & Crocker Inc. grew its holdings in shares of Coach by 18.1% during the second quarter. Winslow Evans & Crocker Inc. now owns 2,616 shares of the luxury accessories retailer’s stock valued at $124,000 after buying an additional 400 shares during the last quarter. Seven Eight Capital LP purchased a new stake in shares of Coach during the second quarter valued at approximately $188,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Coach during the second quarter valued at approximately $192,000. Hedge funds and other institutional investors own 85.85% of the company’s stock.
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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