Piper Jaffray Companies restated their overweight rating on shares of Coach, Inc. (NYSE:COH) in a research note issued to investors on Wednesday morning. Piper Jaffray Companies currently has a $48.00 price objective on the luxury accessories retailer’s stock, down from their prior price objective of $52.00.

A number of other brokerages also recently weighed in on COH. BMO Capital Markets set a $42.00 target price on Coach and gave the company a hold rating in a report on Tuesday, May 2nd. Royal Bank Of Canada reiterated an outperform rating and issued a $50.00 target price (up previously from $45.00) on shares of Coach in a report on Thursday, June 15th. Nomura reiterated a buy rating and issued a $45.00 target price on shares of Coach in a report on Tuesday, May 9th. Jefferies Group LLC reiterated a buy rating and issued a $53.00 target price on shares of Coach in a report on Wednesday, April 19th. Finally, Vetr upgraded Coach from a sell rating to a hold rating and set a $45.98 target price on the stock in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $47.92.

Shares of Coach (COH) opened at 40.38 on Wednesday. The firm has a market capitalization of $11.37 billion, a PE ratio of 19.32 and a beta of 0.45. Coach has a 52-week low of $34.07 and a 52-week high of $48.85. The company has a 50 day moving average of $46.81 and a 200 day moving average of $42.95.

Coach (NYSE:COH) last issued its earnings results on Tuesday, August 15th. The luxury accessories retailer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.15 billion. Coach had a return on equity of 21.31% and a net margin of 13.17%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. On average, analysts anticipate that Coach will post $2.39 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be given a $0.3375 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.35 annualized dividend and a dividend yield of 3.34%. Coach’s dividend payout ratio is 64.59%.

In related news, insider Andre Cohen sold 2,988 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $46.06, for a total value of $137,627.28. Following the completion of the transaction, the insider now directly owns 43,198 shares in the company, valued at $1,989,699.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sarah Dunn sold 7,595 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $46.07, for a total value of $349,901.65. Following the completion of the transaction, the insider now owns 74,627 shares of the company’s stock, valued at $3,438,065.89. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of COH. Archford Capital Strategies LLC raised its position in shares of Coach by 3,720.0% in the second quarter. Archford Capital Strategies LLC now owns 1,910 shares of the luxury accessories retailer’s stock worth $217,000 after buying an additional 1,860 shares during the last quarter. Mckinley Capital Management LLC Delaware purchased a new position in shares of Coach during the second quarter worth approximately $115,000. Dupont Capital Management Corp purchased a new position in shares of Coach during the second quarter worth approximately $118,000. Winslow Evans & Crocker Inc. raised its position 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 worth $124,000 after buying an additional 400 shares during the last quarter. Finally, Tompkins Financial Corp purchased a new position in shares of Coach during the first quarter worth approximately $120,000. Institutional investors and hedge funds 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.

Analyst Recommendations for Coach (NYSE:COH)

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