Coach Inc. (COH) Rating Reiterated by Wells Fargo & Co.
Coach Inc. (NYSE:COH)‘s stock had its “outperform” rating reissued by Wells Fargo & Co. in a research note issued to investors on Wednesday. They currently have a $47.00 target price on the luxury accessories retailer’s stock. Wells Fargo & Co.’s price target points to a potential upside of 28.52% from the stock’s current price.
Other equities analysts also recently issued reports about the company. Jefferies Group reissued a “buy” rating and set a $51.00 target price on shares of Coach in a research note on Thursday, June 9th. Piper Jaffray Cos. reissued a “buy” rating and set a $47.00 target price on shares of Coach in a research note on Wednesday, June 8th. Zacks Investment Research raised 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. Vetr lowered Coach from a “strong-buy” rating to a “buy” rating and set a $48.50 target price on the stock. in a research report on Tuesday, August 2nd. Finally, TheStreet raised Coach from a “hold” rating to a “buy” rating in a research report on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $42.13.
Shares of Coach (NYSE:COH) opened at 36.79 on Wednesday. The firm has a 50-day moving average price of $37.37 and a 200 day moving average price of $39.42. Coach has a one year low of $28.70 and a one year high of $43.71. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of 22.30 and a beta of 0.90.
Coach (NYSE:COH) last issued its earnings results on Tuesday, August 9th. The luxury accessories retailer reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The business earned $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. Coach had a return on equity of 21.32% and a net margin of 10.25%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 EPS. Equities 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 was paid on Monday, October 3rd. Investors of record on Monday, September 12th were given a dividend of $0.3375 per share. This represents a $1.35 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend was Thursday, September 8th. Coach’s payout ratio is currently 81.82%.
Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its stake in shares of Coach by 1,307.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,166 shares of the luxury accessories retailer’s stock worth $129,000 after buying an additional 2,941 shares during the last quarter. Americafirst Capital Management LLC acquired a new stake in Coach during the second quarter worth approximately $140,000. Mizuho Asset Management Co. Ltd. boosted its stake in Coach by 132.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,763 shares of the luxury accessories retailer’s stock worth $153,000 after buying an additional 2,146 shares during the period. M&R Capital Management Inc. acquired a new stake in Coach during the second quarter worth approximately $154,000. Finally, Global X Management Co. LLC boosted its stake in Coach by 255.6% in the second quarter. Global X Management Co. LLC now owns 4,072 shares of the luxury accessories retailer’s stock worth $166,000 after buying an additional 2,927 shares during the period. 89.72% of the stock is currently 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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