Coach Rating Reiterated by TheStreet (COH)
Coach (NYSE: COH)‘s stock had its “buy” rating restated by equities researchers at TheStreet in a report issued on Tuesday.
The analysts wrote, “Coach (COH) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
Shares of Coach opened at 49.28 on Tuesday. Coach has a one year low of $45.87 and a one year high of $79.70. The stock’s 50-day moving average is currently $51.24. The company has a market cap of $13.837 billion and a P/E ratio of 13.59.
Coach last issued its quarterly earnings data on Wednesday, January 23rd. The company reported $1.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.29 by $0.06. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.60 million. During the same quarter in the previous year, the company posted $1.18 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts expect that Coach will post $3.71 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee initiated coverage on shares of Coach in a research note to investors on Monday. They set a “buy” rating and a $58.00 price target on the stock. Separately, analysts at Cowen initiated coverage on shares of Coach in a research note to investors on Tuesday, February 26th. They set a “neutral” rating on the stock. Finally, analysts at Atlantic Securities reiterated an “overweight” rating on shares of Coach in a research note to investors on Friday, February 15th. They now have a $68.00 price target on the stock.
Sixteen analysts have rated the stock with a buy rating, five have assigned an overweight rating, fifteen have assigned a hold rating, and one has given a sell rating to the stock. Coach currently has an average rating of “overweight” and a consensus price target of $61.18.
The company also recently declared a quarterly dividend, which is scheduled for Monday, April 1st. Shareholders of record on Friday, March 8th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Wednesday, March 6th.
Coach, Inc. (Coach), is a marketer of fine accessories and gifts for women and men. Coach’s product offerings include women’s and men’s bag, accessories, business cases, footwear, wearables, jewelry, sunwear, travel bags, watches and fragrance.
To view TheStreet’s full report, visit www.thestreetratings.com
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