COH has been the subject of a number of other reports. OTR Global upgraded shares of Coach to a positive rating in a report on Friday, July 21st. Oppenheimer Holdings, Inc. reiterated a buy rating on shares of Coach in a report on Tuesday, July 4th. Cowen and Company reiterated a buy rating and set a $46.00 price target on shares of Coach in a report on Thursday, September 28th. Buckingham Research upgraded shares of Coach from a neutral rating to a buy rating and lifted their price target for the stock from $45.00 to $58.00 in a report on Monday, June 26th. Finally, BMO Capital Markets set a $42.00 price target on shares of Coach and gave the stock a hold rating in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $47.28.
Coach (NYSE COH) traded up 1.41% during mid-day trading on Wednesday, hitting $39.42. 3,029,766 shares of the stock traded hands. Coach has a 12-month low of $34.07 and a 12-month high of $48.85. The company has a market cap of $11.14 billion, a price-to-earnings ratio of 18.86 and a beta of 0.44. The firm’s 50-day moving average is $40.62 and its 200-day moving average is $43.61.
Coach (NYSE:COH) last issued its quarterly earnings results on Tuesday, August 15th. The luxury accessories retailer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. Coach had a net margin of 13.17% and a return on equity of 21.31%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. Equities research analysts expect that Coach will post $2.37 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were given a dividend of $0.3375 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 3.42%. Coach’s payout ratio is currently 64.59%.
In other news, SVP Melinda Brown sold 8,250 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $41.28, for a total transaction of $340,560.00. Following the transaction, the senior vice president now directly owns 42,884 shares of the company’s stock, valued at $1,770,251.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Todd Kahn sold 4,586 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $40.85, for a total transaction of $187,338.10. Following the transaction, the chief accounting officer now directly owns 72,412 shares in the company, valued at $2,958,030.20. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sentry Investment Management LLC lifted its position in shares of Coach by 1.1% during the second quarter. Sentry Investment Management LLC now owns 13,382 shares of the luxury accessories retailer’s stock worth $634,000 after purchasing an additional 142 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Coach by 25.8% during the second quarter. Toronto Dominion Bank now owns 95,230 shares of the luxury accessories retailer’s stock worth $4,507,000 after purchasing an additional 19,508 shares in the last quarter. Archford Capital Strategies LLC lifted its position in shares of Coach by 3,720.0% during the second quarter. Archford Capital Strategies LLC now owns 1,910 shares of the luxury accessories retailer’s stock worth $217,000 after purchasing an additional 1,860 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of Coach during the second quarter worth $257,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Coach during the second quarter worth $1,534,000. 85.85% of the stock is currently owned by institutional investors and hedge funds.
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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