Coach, Inc. (COH) Set to Announce Earnings on Tuesday
Coach, Inc. (NYSE:COH) will be releasing its earnings data before the market opens on Tuesday, November 7th. Analysts expect Coach to post earnings of $0.38 per share for the quarter. Coach has set its FY18 guidance at $2.35-2.40 EPS.
Coach (NYSE:COH) last announced its quarterly earnings data on Tuesday, August 15th. The luxury accessories retailer reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Coach had a return on equity of 21.31% and a net margin of 13.17%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. On average, analysts expect Coach to post $2.36 EPS for the current fiscal year and $2.65 EPS for the next fiscal year.
Coach, Inc. (NYSE:COH) opened at 39.90 on Tuesday. The firm’s 50-day moving average price is $40.08 and its 200-day moving average price is $43.59. Coach, Inc. has a 52 week low of $34.16 and a 52 week high of $48.85. The stock has a market cap of $11.28 billion, a PE ratio of 19.09 and a beta of 0.44.
The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 8th were given a dividend of $0.3375 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.35 annualized dividend and a yield of 3.38%. Coach’s dividend payout ratio (DPR) is presently 64.59%.
COH has been the topic of several recent research reports. OTR Global raised Coach to a “positive” rating in a research report on Friday, July 21st. Sanford C. Bernstein initiated coverage on Coach in a research report on Tuesday, September 12th. They set an “outperform” rating and a $51.00 target price on the stock. Consumer Edge cut Coach from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 11th. BMO Capital Markets set a $42.00 target price on Coach and gave the company a “hold” rating in a research report on Thursday, July 6th. Finally, Jefferies Group LLC set a $53.00 target price on Coach and gave the company a “buy” rating in a research report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $47.17.
In other news, CAO Todd Kahn sold 4,586 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $40.85, for a total transaction of $187,338.10. Following the sale, the chief accounting officer now directly owns 72,412 shares in the company, valued at approximately $2,958,030.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Melinda Brown sold 8,250 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $41.28, for a total value 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 disclosure for this sale can be found here. 0.98% of the stock is owned by company insiders.
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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