Coach, Inc. (NYSE:COH) received a $42.00 price objective from investment analysts at BMO Capital Markets in a report released on Tuesday, August 8th. The brokerage presently has a “hold” rating on the luxury accessories retailer’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 4.01% from the stock’s current price.
A number of other equities analysts have also weighed in on COH. UBS AG reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Coach in a research note on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) raised Coach to a “buy” rating in a research note on Saturday, July 1st. Piper Jaffray Companies set a $47.00 price objective on Coach and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Vetr raised Coach from a “sell” rating to a “hold” rating and set a $46.00 price objective for the company in a research note on Tuesday, June 13th. Finally, Deutsche Bank AG raised Coach to a “buy” rating in a research note on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.92.
Shares of Coach (NYSE COH) opened at 40.38 on Tuesday. The stock has a market cap of $11.37 billion, a PE ratio of 19.32 and a beta of 0.45. The firm has a 50 day moving average price of $46.81 and a 200 day moving average price of $42.95. Coach has a 12-month low of $34.07 and a 12-month high of $48.85.
In related news, insider Andre Cohen sold 2,988 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $46.06, for a total value of $137,627.28. Following the transaction, the insider now owns 43,198 shares of the company’s stock, valued at $1,989,699.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Sarah Dunn sold 7,595 shares of the stock in a transaction 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 directly 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 hedge funds have recently made changes to their positions in COH. State of Alaska Department of Revenue bought a new stake in shares of Coach during the first quarter valued at about $510,000. Ledyard National Bank bought a new stake in shares of Coach during the first quarter valued at about $482,000. DnB Asset Management AS boosted its stake in shares of Coach by 6.4% in the first quarter. DnB Asset Management AS now owns 36,743 shares of the luxury accessories retailer’s stock valued at $1,519,000 after buying an additional 2,200 shares during the period. Cullinan Associates Inc. boosted its stake in shares of 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. Finally, CWM LLC boosted its stake in shares of 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. 88.44% of the stock is currently owned by institutional investors and hedge funds.
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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