The Coach Inc (COH) Upgraded at Deutsche Bank AG

The Coach Inc (COH) Upgraded at Deutsche Bank AG

COH has been the subject of a number of other reports. Vetr cut Coach from a “strong-buy” rating to a “buy” rating and set a $39.45 price target for the company. in a research note on Tuesday, January 17th. Wedbush reaffirmed a “neutral” rating and set a $38.00 target price on shares of Coach in a research report on Tuesday, March 21st. Piper Jaffray Companies lowered their target price on Coach from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Wednesday, February 1st. Wells Fargo & Co reaffirmed an “outperform” rating and set a $47.00 target price on shares of Coach in a research report on Wednesday, March 8th. Finally, Goldman Sachs Group Inc raised Coach from a “sell” rating to a “neutral” rating and set a $36.00 price objective for the company in a research report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty have issued a buy rating to the company. Coach presently has a consensus rating of “Buy” and an average price target of $46.56.

Coach Inc (NYSE:COH) was upgraded by research analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, May 15th. The firm currently has a $54.00 target price on the luxury accessories retailer’s stock, up from their prior target price of $40.00. Deutsche Bank AG’s target price would indicate a potential upside of 17.39% from the stock’s previous close.

Coach (NYSE COH) opened at 46.00 on Monday. The company has a market cap of $12.93 billion, a P/E ratio of 24.84 and a beta of 0.49. The firm has a 50-day moving average price of $43.28 and a 200 day moving average price of $39.03. Coach has a 12 month low of $34.07 and a 12 month high of $46.78.

Coach (NYSE:COH) last issued its earnings results on Tuesday, May 2nd. The luxury accessories retailer reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. The firm had revenue of $995.20 million for the quarter, compared to the consensus estimate of $1.02 billion. Coach had a return on equity of 21.66% and a net margin of 11.24%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 EPS. On average, equities analysts expect that Coach will post $2.15 earnings per share for the current year. The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Friday, June 9th will be issued a $0.3375 dividend. This represents a $1.35 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Wednesday, June 7th. Coach’s dividend payout ratio (DPR) is presently 74.18%.

Coach (NYSE:COH) last issued its earnings results on Tuesday, May 2nd. The luxury accessories retailer reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. The firm had revenue of $995.20 million for the quarter, compared to the consensus estimate of $1.02 billion. Coach had a return on equity of 21.66% and a net margin of 11.24%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 EPS. On average, equities analysts expect that Coach will post $2.15 earnings per share for the current year. In related news, insider Sarah Dunn sold 7,595 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 74,627 shares in the company, valued at $3,438,065.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andre Cohen sold 2,988 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $46.06, for a total transaction of $137,627.28. Following the completion of the sale, the insider now owns 43,198 shares in the company, valued at approximately $1,989,699.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,359 shares of company stock worth $2,023,928. Corporate insiders own 0.81% of the company’s stock.

A number of large investors have recently modified their holdings of the company. LMR Partners LLP boosted its stake in shares of Coach by 74.8% in the third quarter. LMR Partners LLP now owns 44,710 shares of the luxury accessories retailer’s stock valued at $1,635,000 after buying an additional 19,136 shares in the last quarter. Valley National Advisers Inc. boosted its stake in shares of Coach by 28.6% in the third quarter. Valley National Advisers Inc. now owns 44,589 shares of the luxury accessories retailer’s stock valued at $1,630,000 after buying an additional 9,906 shares in the last quarter. Argentus Capital Management LLC boosted its stake in shares of Coach by 31.3% in the third quarter. Argentus Capital Management LLC now owns 10,334 shares of the luxury accessories retailer’s stock valued at $378,000 after buying an additional 2,463 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Coach by 5.0% in the third quarter. Nordea Investment Management AB now owns 244,719 shares of the luxury accessories retailer’s stock valued at $8,947,000 after buying an additional 11,609 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. boosted its stake in shares of Coach by 159.4% in the third quarter. Hussman Strategic Advisors Inc. now owns 203,400 shares of the luxury accessories retailer’s stock valued at $7,436,000 after buying an additional 125,000 shares in the last quarter. Institutional investors own 87.23% 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.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”});

Related posts

Leave a Comment