Analysts Anticipate Coach, Inc. (COH) to Post $0.49 Earnings Per Share
Brokerages expect that Coach, Inc. (NYSE:COH) will post earnings of $0.49 per share for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Coach’s earnings, with estimates ranging from $0.41 to $0.52. Coach reported earnings per share of $0.45 during the same quarter last year, which suggests a positive year over year growth rate of 8.9%. The company is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, August 15th.
According to Zacks, analysts expect that Coach will report full year earnings of $2.15 per share for the current financial year, with EPS estimates ranging from $2.07 to $2.20. For the next year, analysts anticipate that the business will post earnings of $2.41 per share, with EPS estimates ranging from $2.22 to $2.57. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Coach.
Several research analysts recently weighed in on COH shares. Vetr lowered Coach from a “hold” rating to a “sell” rating and set a $45.98 price target on the stock. in a research report on Monday, August 7th. Instinet reissued a “buy” rating and set a $45.00 price target (up from $40.00) on shares of Coach in a research report on Wednesday, May 3rd. BMO Capital Markets reissued a “hold” rating and set a $39.00 price target on shares of Coach in a research report on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) raised Coach from a “neutral” rating to a “buy” rating and upped their price target for the company from $40.00 to $55.00 in a research report on Tuesday, May 9th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $55.00 price target (up from $46.00) on shares of Coach in a research report on Monday, May 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-one have given a buy rating to the company. Coach currently has an average rating of “Buy” and an average target price of $48.28.
Shares of Coach (NYSE:COH) opened at 47.55 on Friday. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 25.67 and a beta of 0.45. Coach has a 52 week low of $34.07 and a 52 week high of $48.85. The firm has a 50-day moving average price of $47.51 and a 200-day moving average price of $42.74.
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In related news, insider Sarah Dunn sold 7,595 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $46.07, for a total transaction of $349,901.65. Following the completion of the sale, the insider now owns 74,627 shares in the company, valued at approximately $3,438,065.89. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Andre Cohen sold 2,988 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $46.06, for a total value of $137,627.28. Following the sale, the insider now owns 43,198 shares of the company’s stock, valued at approximately $1,989,699.88. The disclosure for this sale can be found here. 0.81% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the stock. Dupont Capital Management Corp acquired a new stake in shares of Coach during the second quarter valued at $118,000. Winslow Evans & Crocker Inc. increased its stake in shares of Coach by 18.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,616 shares of the luxury accessories retailer’s stock valued at $124,000 after buying an additional 400 shares during the last quarter. Tompkins Financial Corp acquired a new stake in shares of Coach during the first quarter valued at $120,000. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Coach during the first quarter valued at $153,000. Finally, Seven Eight Capital LP acquired a new stake in shares of Coach during the second quarter valued at $188,000. Hedge funds and other institutional investors own 88.44% 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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