Coach, Inc. (COH) Given a $52.00 Price Target by Robert W. Baird Analysts
Robert W. Baird set a $52.00 target price on Coach, Inc. (NYSE:COH) in a research report sent to investors on Sunday morning. The brokerage currently has a buy rating on the luxury accessories retailer’s stock.
Several other equities research analysts also recently commented on the company. OTR Global upgraded Coach to a positive rating in a report on Friday, July 21st. Oppenheimer Holdings, Inc. reissued a buy rating on shares of Coach in a research report on Tuesday, July 4th. Cowen and Company restated a buy rating and set a $46.00 target price on shares of Coach in a research note on Thursday. Buckingham Research upgraded shares of Coach from a neutral rating to a buy rating and upped their target price for the company from $45.00 to $58.00 in a research note on Monday, June 26th. Finally, BMO Capital Markets set a $42.00 price target on shares of Coach and gave the company a hold rating in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $47.84.
Coach (NYSE:COH) traded up 0.4714% during midday trading on Friday, hitting $40.4699. 2,084,960 shares of the stock were exchanged. Coach has a 1-year low of $34.07 and a 1-year high of $48.85. The company has a market capitalization of $11.44 billion, a P/E ratio of 19.3636 and a beta of 0.44. The company’s 50 day moving average is $42.92 and its 200 day moving average is $43.54.
Coach (NYSE:COH) last posted its quarterly earnings results on Tuesday, August 15th. The luxury accessories retailer reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Coach had a return on equity of 21.31% and a net margin of 13.17%. The company’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. Analysts predict that Coach will post $2.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Thursday, September 7th. Coach’s payout ratio is currently 64.59%.
In other news, CAO Todd Kahn sold 4,586 shares of Coach stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $40.85, for a total value of $187,338.10. Following the sale, the chief accounting officer now directly owns 72,412 shares of the company’s stock, valued at $2,958,030.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Melinda Brown sold 8,250 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $41.28, for a total value of $340,560.00. Following the completion of the sale, the senior vice president now owns 42,884 shares in the company, valued at $1,770,251.52. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Archford Capital Strategies LLC grew its holdings in Coach by 3,720.0% during the 2nd 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 2nd quarter worth approximately $115,000. Dupont Capital Management Corp purchased a new stake in shares of Coach during the 2nd quarter worth approximately $118,000. Winslow Evans & Crocker Inc. boosted its position in shares of Coach by 18.1% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,616 shares of the luxury accessories retailer’s stock valued at $124,000 after acquiring an additional 400 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd bought a new position in shares of Coach during the 1st quarter valued at approximately $153,000. 86.32% of the stock is owned by institutional investors.
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.
Receive News & Ratings for Coach Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coach Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.