Coach Inc. (COH) PT Set at $46.00 by Piper Jaffray Cos.
Coach Inc. (NYSE:COH) received a $46.00 price objective from analysts at Piper Jaffray Cos. in a research report issued on Monday. The brokerage presently has a a “buy” rating on the luxury accessories retailer’s stock. Piper Jaffray Cos.’s price target suggests a potential upside of 28.35% from the company’s current price.
Several other analysts have also commented on COH. Jefferies Group restated a “buy” rating on shares of Coach in a report on Sunday, May 22nd. Vetr downgraded shares of Coach from a “sell” rating to a “strong sell” rating and set a $33.59 target price for the company. in a research note on Tuesday, May 31st. Mizuho reaffirmed a “neutral” rating and set a $40.00 target price on shares of Coach in a research note on Thursday, June 9th. TheStreet downgraded shares of Coach from a “buy” rating to a “hold” rating in a research note on Friday, June 24th. Finally, Zacks Investment Research raised shares of Coach from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $41.81.
Coach (NYSE:COH) opened at 35.84 on Monday. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 21.72 and a beta of 0.90. Coach has a 52 week low of $27.22 and a 52 week high of $43.71. The stock’s 50 day moving average price is $38.83 and its 200-day moving average price is $39.67.
Coach (NYSE:COH) last issued its quarterly earnings data on Tuesday, August 9th. The luxury accessories retailer reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.04. Coach had a net margin of 10.25% and a return on equity of 21.32%. The business earned $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the business posted $0.31 earnings per share. Coach’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, equities research analysts forecast that Coach will post $2.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 12th will be given a $0.3375 dividend. The ex-dividend date is Thursday, September 8th. This represents a $1.35 annualized dividend and a yield of 3.77%. Coach’s dividend payout ratio (DPR) is 81.82%.
A number of large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in Coach by 2.6% in the first quarter. Geode Capital Management LLC now owns 2,270,176 shares of the luxury accessories retailer’s stock valued at $90,829,000 after buying an additional 56,634 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in shares of Coach during the first quarter valued at $917,000. Legal & General Group Plc boosted its stake in shares of Coach by 2.7% in the first quarter. Legal & General Group Plc now owns 1,267,087 shares of the luxury accessories retailer’s stock valued at $50,799,000 after buying an additional 33,163 shares during the last quarter. Greylin Investment Mangement Inc. boosted its stake in shares of Coach by 5.2% in the second quarter. Greylin Investment Mangement Inc. now owns 737,030 shares of the luxury accessories retailer’s stock valued at $30,027,000 after buying an additional 36,430 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of Coach by 1.0% in the first quarter. Adage Capital Partners GP L.L.C. now owns 414,659 shares of the luxury accessories retailer’s stock valued at $16,624,000 after buying an additional 4,159 shares during the last quarter. 89.72% of the stock is owned by institutional investors.
Coach Company Profile
Coach, Inc (Coach) is a design house of modern luxury accessories and lifestyle collections. The Company operates through three segments: North America, which includes sales to North American consumers through Coach-branded stores (including the Internet) and sales to wholesale customers; International segment, which includes sales to consumers through Coach-branded stores (including the Internet) and concession shop-in-shops in Japan and mainland China, Coach-operated stores and concession shop-in-shops in Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Belgium and the Netherlands, as well as sales to wholesale customers and distributors in approximately 45 countries, and Other segment, which consists of sales and expenses generated by the Coach brand in other ancillary channels, including licensing and disposition.
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