Wells Fargo & Co. reiterated their outperform rating on shares of Coach Inc. (NYSE:COH) in a research report released on Wednesday. The brokerage currently has a $47.00 price objective on the luxury accessories retailer’s stock.
COH has been the topic of several other research reports. Piper Jaffray Cos. reissued an overweight rating and issued a $46.00 price target on shares of Coach in a research report on Tuesday, August 30th. Jefferies Group reaffirmed a buy rating on shares of Coach in a research note on Friday, September 2nd. Credit Agricole SA started coverage on shares of Coach in a research note on Wednesday, September 28th. They set a buy rating and a $45.00 price objective for the company. Cowen and Company reaffirmed an outperform rating on shares of Coach in a research note on Tuesday, August 23rd. Finally, TheStreet cut shares of Coach from a buy rating to a hold rating in a research note on Friday, June 24th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $42.13.
Shares of Coach (NYSE:COH) traded down 0.41% during trading on Wednesday, reaching $36.50. 1,740,275 shares of the company traded hands. The stock has a market capitalization of $10.18 billion, a PE ratio of 22.12 and a beta of 0.90. Coach has a 12-month low of $28.70 and a 12-month high of $43.71. The firm’s 50-day moving average is $37.45 and its 200-day moving average is $39.44.
Coach (NYSE:COH) last posted its quarterly earnings results on Tuesday, August 9th. The luxury accessories retailer reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. Coach had a net margin of 10.25% and a return on equity of 21.32%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, equities analysts predict that Coach will post $2.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 12th were paid a dividend of $0.3375 per share. This represents a $1.35 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend was Thursday, September 8th. Coach’s payout ratio is 81.82%.
A number of large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in Coach by 1,307.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,166 shares of the luxury accessories retailer’s stock worth $129,000 after buying an additional 2,941 shares during the last quarter. Americafirst Capital Management LLC purchased a new stake in Coach during the second quarter worth approximately $140,000. Mizuho Asset Management Co. Ltd. boosted its stake in Coach by 132.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,763 shares of the luxury accessories retailer’s stock worth $153,000 after buying an additional 2,146 shares during the last quarter. M&R Capital Management Inc. purchased a new stake in Coach during the second quarter worth approximately $154,000. Finally, Global X Management Co. LLC boosted its stake in Coach by 255.6% in the second quarter. Global X Management Co. LLC now owns 4,072 shares of the luxury accessories retailer’s stock worth $166,000 after buying an additional 2,927 shares during the last quarter. Institutional investors own 89.72% of the company’s stock.
Coach Company Profile