Coach Inc (COH) PT Set at $55.00 by Oppenheimer Holdings, Inc.
Coach Inc (NYSE:COH) has been given a $55.00 price target by equities researchers at Oppenheimer Holdings, Inc. in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the luxury accessories retailer’s stock. Oppenheimer Holdings, Inc.’s price objective suggests a potential upside of 14.77% from the company’s current price.
A number of other equities analysts have also commented 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. Credit Suisse Group AG set a $55.00 price objective on Coach and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Deutsche Bank AG raised Coach to a “buy” rating in a research note on Saturday, July 1st. Goldman Sachs Group, Inc. (The) raised Coach to a “buy” rating in a research note on Saturday, July 1st. Finally, Vetr raised Coach from a “sell” rating to a “hold” rating and set a $45.98 price objective on the stock in a research note on Monday. One investment 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. The stock has an average rating of “Buy” and a consensus target price of $48.48.
Coach (COH) traded down 14.19% on Tuesday, reaching $41.12. 18,802,228 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $47.54 and its 200 day moving average is $42.91. The company has a market cap of $11.56 billion, a price-to-earnings ratio of 22.20 and a beta of 0.45. Coach has a 52 week low of $34.07 and a 52 week high of $48.85. Coach also saw unusually large options trading on Monday. Stock traders acquired 8,123 put options on the stock. This represents an increase of 566% compared to the average volume of 1,219 put options.
Coach (NYSE:COH) last released 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 company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Coach had a return on equity of 17.19% and a net margin of 12.28%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 earnings per share. On average, equities analysts anticipate that Coach will post $2.15 earnings per share for the current year.
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In related news, insider Andre Cohen sold 2,988 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $46.06, for a total transaction of $137,627.28. Following the completion of the sale, the insider now owns 43,198 shares in the company, valued at $1,989,699.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sarah Dunn sold 7,595 shares of the company’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 sale, the insider now owns 74,627 shares of the company’s stock, valued at approximately $3,438,065.89. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.
A number of large investors have recently made changes to their positions in COH. Mckinley Capital Management LLC Delaware bought a new stake in shares of Coach during the second quarter valued at about $115,000. Dupont Capital Management Corp bought a new stake in shares of Coach during the second quarter valued at about $118,000. Tompkins Financial Corp bought a new stake in shares of Coach during the first quarter valued at about $120,000. Winslow Evans & Crocker Inc. increased 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, NINE MASTS CAPITAL Ltd bought a new stake in shares of Coach during the first quarter valued at about $153,000. Institutional investors and hedge funds own 88.44% of the company’s stock.
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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