Coach, Inc. (COH) Expected to Announce Quarterly Sales of $1.30 Billion
Wall Street analysts predict that Coach, Inc. (NYSE:COH) will post $1.30 billion in sales for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Coach’s earnings, with estimates ranging from $1.27 billion to $1.34 billion. Coach posted sales of $1.04 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 25%. The business is scheduled to issue its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that Coach will report full-year sales of $1.30 billion for the current year, with estimates ranging from $5.80 billion to $5.91 billion. For the next fiscal year, analysts expect that the business will report sales of $6.08 billion per share, with estimates ranging from $5.97 billion to $6.17 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Coach.
Coach (NYSE:COH) last issued its quarterly earnings data on Tuesday, August 15th. The luxury accessories retailer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. Coach had a return on equity of 21.31% and a net margin of 13.17%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The business’s revenue was down 1.8% on a year-over-year basis.
A number of research analysts have recently weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $50.00 target price (up from $45.00) on shares of Coach in a research report on Thursday, June 15th. UBS AG reduced their target price on shares of Coach from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, August 17th. Nomura set a $53.00 target price on shares of Coach and gave the company a “buy” rating in a research report on Wednesday, August 16th. Vetr raised shares of Coach from a “sell” rating to a “hold” rating and set a $45.98 target price for the company in a research report on Monday, August 14th. Finally, Buckingham Research reissued a “buy” rating and set a $56.00 target price (down from $58.00) on shares of Coach in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. Coach currently has a consensus rating of “Buy” and a consensus price target of $47.92.
In other news, CAO Todd Kahn sold 4,586 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $40.85, for a total transaction of $187,338.10. Following the sale, the chief accounting officer now owns 72,412 shares in the company, valued at approximately $2,958,030.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Melinda Brown sold 8,250 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $41.28, for a total transaction of $340,560.00. Following the sale, the senior vice president now owns 42,884 shares in the company, valued at approximately $1,770,251.52. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Archford Capital Strategies LLC raised its position in shares of Coach by 3,720.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,910 shares of the luxury accessories retailer’s stock valued at $217,000 after buying an additional 1,860 shares in the last quarter. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Coach during the 2nd quarter valued at $115,000. Dupont Capital Management Corp purchased a new stake in shares of Coach during the 2nd quarter valued at $118,000. Winslow Evans & Crocker Inc. raised its position in shares of Coach by 18.1% during the 2nd 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 in the last quarter. Finally, NINE MASTS CAPITAL Ltd purchased a new stake in shares of Coach during the 1st quarter valued at $153,000. Hedge funds and other institutional investors own 86.32% of the company’s stock.
Shares of Coach (NYSE:COH) traded up 0.86% during midday trading on Thursday, hitting $39.95. The stock had a trading volume of 2,541,792 shares. The stock’s 50-day moving average price is $42.92 and its 200 day moving average price is $43.54. Coach has a 52 week low of $34.07 and a 52 week high of $48.85. The company has a market cap of $11.29 billion, a price-to-earnings ratio of 19.11 and a beta of 0.44.
The business 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 dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Thursday, September 7th. Coach’s dividend payout ratio (DPR) is currently 64.59%.
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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