Coach’s (COH) Hold Rating Reiterated at BMO Capital Markets
Coach Inc (NYSE:COH)‘s stock had its “hold” rating reiterated by analysts at BMO Capital Markets in a report issued on Tuesday. They currently have a $39.00 price target on the luxury accessories retailer’s stock. BMO Capital Markets’ price target points to a potential downside of 1.81% from the company’s previous close.
Several other analysts have also issued reports on the company. Piper Jaffray Companies set a $43.00 target price on Coach and gave the stock a “buy” rating in a research note on Wednesday, April 12th. Zacks Investment Research lowered Coach from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Coach in a research note on Thursday, April 6th. Vetr raised Coach from a “hold” rating to a “strong-buy” rating and set a $46.00 target price for the company in a research note on Monday, April 3rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $42.00 target price on shares of Coach in a research note on Monday, April 3rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Coach has an average rating of “Buy” and a consensus price target of $43.85.
Shares of Coach (NYSE:COH) traded down 0.48% during mid-day trading on Tuesday, hitting $39.53. 1,909,929 shares of the stock traded hands. The stock has a market cap of $11.09 billion, a price-to-earnings ratio of 21.70 and a beta of 0.49. The firm’s 50-day moving average is $39.41 and its 200-day moving average is $37.29. Coach has a 52 week low of $34.07 and a 52 week high of $43.71. Coach also was the target of unusually large options trading on Monday. Stock investors purchased 6,348 call options on the stock. This is an increase of approximately 258% compared to the average daily volume of 1,773 call options.
Coach (NYSE:COH) last issued its earnings results on Tuesday, January 31st. The luxury accessories retailer reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The business earned $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. Coach had a return on equity of 21.66% and a net margin of 11.24%. Coach’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share. On average, analysts forecast that Coach will post $2.15 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Friday, March 10th were issued a $0.3375 dividend. The ex-dividend date of this dividend was Wednesday, March 8th. This represents a $1.35 dividend on an annualized basis and a yield of 3.40%. Coach’s dividend payout ratio (DPR) is 74.18%.
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Institutional investors have recently bought and sold shares of the company. Trust Co. of Vermont increased its position in Coach by 2.1% in the third quarter. Trust Co. of Vermont now owns 3,102 shares of the luxury accessories retailer’s stock worth $113,000 after buying an additional 65 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Coach by 0.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 15,250 shares of the luxury accessories retailer’s stock worth $557,000 after buying an additional 80 shares during the period. Benedict Financial Advisors Inc. increased its position in Coach by 1.1% in the third quarter. Benedict Financial Advisors Inc. now owns 8,781 shares of the luxury accessories retailer’s stock worth $321,000 after buying an additional 98 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its position in Coach by 0.8% in the third quarter. Pinnacle Wealth Management Advisory Group LLC now owns 12,550 shares of the luxury accessories retailer’s stock worth $459,000 after buying an additional 100 shares during the period. Finally, Cadence Bank NA increased its position in Coach by 0.6% in the fourth quarter. Cadence Bank NA now owns 16,200 shares of the luxury accessories retailer’s stock worth $568,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 87.23% 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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