Coach, Inc. (NYSE:COH) was downgraded by equities research analysts at Vetr from a “hold” rating to a “sell” rating in a research report issued on Monday, August 7th. They currently have a $45.98 target price on the luxury accessories retailer’s stock. Vetr‘s target price would indicate a potential upside of 13.87% from the stock’s current price.
COH has been the subject of a number of other reports. BMO Capital Markets set a $42.00 target price on Coach and gave the company a “hold” rating in a research note on Tuesday, May 2nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $50.00 price objective (up from $45.00) on shares of Coach in a research note on Thursday, June 15th. Nomura restated a “buy” rating and issued a $45.00 target price on shares of Coach in a research note on Tuesday, May 9th. Jefferies Group LLC reiterated a “buy” rating and issued a $53.00 price target on shares of Coach in a report on Wednesday, April 19th. Finally, Credit Suisse Group set a $55.00 price target on Coach and gave the company a “buy” rating in a report on Tuesday, May 9th. One 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’s stock. Coach currently has a consensus rating of “Buy” and a consensus price target of $47.92.
Coach (NYSE:COH) traded down 1.51% during mid-day trading on Monday, hitting $40.38. 3,770,007 shares of the stock were exchanged. The company has a 50 day moving average price of $46.81 and a 200 day moving average price of $42.95. The stock has a market cap of $11.37 billion, a price-to-earnings ratio of 19.32 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 announced its earnings results on Tuesday, August 15th. The luxury accessories retailer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. Coach had a return on equity of 21.31% and a net margin of 13.17%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. The company’s revenue was down 1.8% on a year-over-year basis. Analysts expect that Coach will post $2.39 EPS for the current fiscal year.
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In other news, insider Sarah Dunn sold 7,595 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $46.07, for a total value of $349,901.65. Following the completion of the transaction, the insider now directly owns 74,627 shares of the company’s stock, valued at $3,438,065.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andre Cohen sold 2,988 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 43,198 shares of the company’s stock, valued at $1,989,699.88. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Archford Capital Strategies LLC raised its stake in Coach by 3,720.0% in the second quarter. Archford Capital Strategies LLC now owns 1,910 shares of the luxury accessories retailer’s stock valued at $217,000 after buying an additional 1,860 shares in the last quarter. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Coach during the second quarter valued at about $115,000. Dupont Capital Management Corp purchased a new stake in shares of Coach during the second quarter valued at about $118,000. Winslow Evans & Crocker Inc. raised 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, Tompkins Financial Corp purchased a new stake in shares of Coach during the first quarter valued at about $120,000. 88.44% of the stock is owned by institutional investors.
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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