The Coach Inc (COH) Stock Rating Reaffirmed by Robert W. Baird

The Coach Inc (COH) Stock Rating Reaffirmed by Robert W. Baird

Other research analysts also recently issued reports about the stock. Vetr downgraded shares of Coach from a “strong-buy” rating to a “buy” rating and set a $39.45 price target for the company. in a report on Tuesday, January 17th. Evercore ISI raised shares of Coach from a “hold” rating to a “buy” rating and raised their price target for the company from $36.00 to $38.00 in a report on Wednesday, February 1st. Royal Bank of Canada set a $42.00 price target on shares of Coach and gave the company a “buy” rating in a report on Wednesday, February 1st. Piper Jaffray Companies set a $43.00 price objective on shares of Coach and gave the stock a “buy” rating in a report on Monday, March 20th. Finally, BlueFin Research set a $46.00 price objective on shares of Coach and gave the stock a “buy” rating in a report on Saturday, April 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $46.56.

Coach Inc (NYSE:COH)‘s stock had its “outperform” rating restated by equities researchers at Robert W. Baird in a research report issued to clients and investors on Monday, May 15th. They currently have a $50.00 target price on the luxury accessories retailer’s stock, up from their prior target price of $48.00. Robert W. Baird’s target price would indicate a potential upside of 8.70% from the company’s current price.

Shares of Coach (NYSE COH) opened at 46.00 on Monday. The company has a market capitalization of $12.93 billion, a PE ratio of 24.84 and a beta of 0.49. The firm’s 50-day moving average price is $43.28 and its 200 day moving average price is $39.03. Coach has a 1-year low of $34.07 and a 1-year high of $46.78.

Coach (NYSE:COH) last released its quarterly earnings data on Tuesday, May 2nd. The luxury accessories retailer reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Coach had a net margin of 11.24% and a return on equity of 21.66%. The business had revenue of $995.20 million during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned $0.44 EPS. Coach’s revenue was down 3.7% compared to the same quarter last year. Equities analysts predict that Coach will post $2.15 EPS for the current fiscal year. The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Friday, June 9th will be given a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Wednesday, June 7th. Coach’s dividend payout ratio is currently 74.18%.

Coach (NYSE:COH) last released its quarterly earnings data on Tuesday, May 2nd. The luxury accessories retailer reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Coach had a net margin of 11.24% and a return on equity of 21.66%. The business had revenue of $995.20 million during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned $0.44 EPS. Coach’s revenue was down 3.7% compared to the same quarter last year. Equities analysts predict that Coach will post $2.15 EPS for the current fiscal year. In related news, insider Andre Cohen sold 10,087 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $45.35, for a total transaction of $457,445.45. Following the transaction, the insider now owns 46,186 shares in the company, valued at $2,094,535.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 sale, the director now directly owns 36,948 shares in the company, valued at approximately $1,699,238.52. The disclosure for this sale can be found here. Insiders have sold 44,359 shares of company stock worth $2,023,928 in the last quarter. 0.81% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of COH. Ibex Wealth Advisors acquired a new stake in Coach during the fourth quarter valued at approximately $102,000. Tompkins Financial Corp acquired a new stake in Coach during the first quarter valued at approximately $120,000. NINE MASTS CAPITAL Ltd acquired a new stake in Coach during the first quarter valued at approximately $153,000. MUFG Securities EMEA plc acquired a new stake in Coach during the first quarter valued at approximately $201,000. Finally, Wedbush Securities Inc. acquired a new stake in Coach during the first quarter valued at approximately $204,000. 87.23% of the stock is currently owned by institutional investors and hedge funds. About Coach

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “COH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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