Coach, Inc. (COH) PT Set at $42.00 by BMO Capital Markets

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.

Coach (NYSE:COH) last released its quarterly earnings data on Tuesday, August 15th. The luxury accessories retailer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. Coach had a return on equity of 21.31% and a net margin of 13.17%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 earnings per share. On average, equities analysts expect that Coach will post $2.39 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Coach, Inc. (COH) PT Set at $42.00 by BMO Capital Markets” was published by Community Financial News and is owned by of Community Financial News. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.com-unik.info/2017/08/19/coach-inc-coh-pt-set-at-42-00-by-bmo-capital-markets-updated.html.

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.

Analyst Recommendations for Coach (NYSE:COH)

What are top analysts saying about Coach Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Coach Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit