Coach, Inc. (NYSE:COH) – KeyCorp increased their Q2 2018 earnings per share estimates for Coach in a research note issued to investors on Tuesday. KeyCorp analyst E. Yruma now anticipates that the luxury accessories retailer will post earnings per share of $0.89 for the quarter, up from their prior forecast of $0.83. KeyCorp also issued estimates for Coach’s Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.61 EPS, FY2018 earnings at $2.37 EPS and FY2019 earnings at $2.74 EPS.
A number of other equities analysts have also weighed in on COH. UBS AG reissued a “buy” rating and set a $47.00 price objective on shares of Coach in a research note on Wednesday, April 26th. BMO Capital Markets set a $42.00 price objective on Coach and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) raised Coach to a “buy” rating in a research note on Saturday, July 1st. Piper Jaffray Companies reissued an “overweight” rating and set a $48.00 price objective (down previously from $52.00) on shares of Coach in a research note on Wednesday. Finally, Royal Bank Of Canada lowered their price objective on Coach from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $47.92.
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Coach (COH) traded down 1.24% during mid-day trading on Thursday, reaching $40.49. The company had a trading volume of 1,007,385 shares. The stock has a 50 day moving average of $46.99 and a 200 day moving average of $42.92. The stock has a market capitalization of $11.40 billion, a price-to-earnings ratio of 19.37 and a beta of 0.45. Coach has a 52 week low of $34.07 and a 52 week high of $48.85.
Coach (NYSE:COH) last released its quarterly earnings results on Tuesday, August 15th. The luxury accessories retailer reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the firm posted $0.45 EPS. Coach’s quarterly revenue was down 1.8% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.3375 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.35 annualized dividend and a yield of 3.29%. Coach’s dividend payout ratio (DPR) is 64.59%.
In other Coach news, insider Andre Cohen sold 2,988 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $46.06, for a total transaction of $137,627.28. Following the sale, the insider now owns 43,198 shares in the company, valued at approximately $1,989,699.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sarah Dunn sold 7,595 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was 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 approximately $3,438,065.89. The disclosure for this sale can be found here. 0.81% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of COH. Mckinley Capital Management LLC Delaware bought a new stake in shares of Coach during the second quarter valued at $115,000. Dupont Capital Management Corp bought a new stake in shares of Coach during the second quarter valued at $118,000. Tompkins Financial Corp bought a new stake in shares of Coach during the first quarter valued at $120,000. Winslow Evans & Crocker Inc. increased its stake 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 valued at $124,000 after buying an additional 400 shares during the period. Finally, NINE MASTS CAPITAL Ltd bought a new stake in shares of Coach during the first quarter valued at $153,000. Institutional investors own 88.44% of the company’s stock.
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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