Coach, Inc. (NYSE:COH) received a $42.00 target price from investment analysts at BMO Capital Markets in a report released on Thursday, July 6th. The brokerage currently has a “hold” rating on the luxury accessories retailer’s stock. BMO Capital Markets’ price objective would suggest a potential downside of 12.77% from the company’s current price.
Several other equities research analysts also recently weighed in on COH. Wells Fargo & Company reiterated an “outperform” rating and set a $47.00 target price on shares of Coach in a research note on Wednesday, March 8th. Vetr downgraded shares of Coach from a “hold” rating to a “sell” rating and set a $38.00 target price for the company. in a research note on Monday, March 13th. Piper Jaffray Companies set a $43.00 target price on shares of Coach and gave the stock a “buy” rating in a research note on Monday, March 20th. Wedbush reissued a “neutral” rating and set a $38.00 price target on shares of Coach in a report on Tuesday, March 21st. Finally, BlueFin Research set a $46.00 price target on shares of Coach and gave the stock a “buy” rating in a report on Saturday, April 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $48.44.
Coach (NYSE:COH) opened at 48.15 on Thursday. Coach has a 1-year low of $34.07 and a 1-year high of $48.40. The company has a market cap of $13.54 billion, a price-to-earnings ratio of 26.00 and a beta of 0.45. The stock has a 50 day moving average price of $46.85 and a 200-day moving average price of $41.37.
Coach (NYSE:COH) last released its quarterly earnings data on Tuesday, May 2nd. The luxury accessories retailer reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. Coach had a net margin of 11.55% and a return on equity of 21.36%. The company had revenue of $995.20 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Coach’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, equities research analysts forecast that Coach will post $2.15 EPS for the current year.
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In other news, CAO Todd Kahn sold 19,450 shares of the business’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $45.45, for a total value of $884,002.50. Following the completion of the sale, the chief accounting officer now owns 98,343 shares of the company’s stock, valued at approximately $4,469,689.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan J. Kropf sold 4,239 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $45.99, for a total transaction of $194,951.61. Following the completion of the sale, the director now directly owns 36,948 shares of the company’s stock, valued at approximately $1,699,238.52. The disclosure for this sale can be found here. Insiders have sold a total of 44,359 shares of company stock worth $2,023,928 in the last ninety days. 0.81% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. Dodge & Cox bought a new stake in Coach during the fourth quarter valued at $532,034,000. Cullinan Associates Inc. raised its position in Coach by 2.7% in the first quarter. Cullinan Associates Inc. now owns 99,700 shares of the luxury accessories retailer’s stock valued at $4,121,000 after buying an additional 2,600 shares during the period. CWM LLC raised its position in Coach by 104.1% in the first quarter. CWM LLC now owns 128,720 shares of the luxury accessories retailer’s stock valued at $5,320,000 after buying an additional 65,659 shares during the period. Kentucky Retirement Systems acquired a new position in Coach during the fourth quarter valued at approximately $712,000. Finally, CAPROCK Group Inc. raised its position in Coach by 5.8% in the first quarter. CAPROCK Group Inc. now owns 19,903 shares of the luxury accessories retailer’s stock valued at $823,000 after buying an additional 1,096 shares during the period. 88.15% of the stock is owned by institutional investors.
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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