Coach Inc (COH) Releases FY18 Earnings Guidance
Coach Inc (NYSE:COH) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.35-2.40 for the period, compared to the Thomson Reuters consensus estimate of $2.50. The company issued revenue guidance of $5.8-5.9 billion, compared to the consensus revenue estimate of $6.04 billion.
Shares of Coach Inc (COH) opened at 47.92 on Tuesday. Coach Inc has a 1-year low of $34.07 and a 1-year high of $48.85. The company has a 50-day moving average of $47.54 and a 200-day moving average of $42.91. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 25.87 and a beta of 0.45. Coach also saw some unusual options trading on Monday. Stock traders acquired 8,123 put options on the stock. This is an increase of 566% compared to the typical volume of 1,219 put options.
Coach (NYSE:COH) last released its earnings results on Tuesday, August 15th. The luxury accessories retailer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. Coach had a return on equity of 17.19% and a net margin of 12.28%. Coach’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. On average, equities research analysts expect that Coach Inc will post $2.15 EPS for the current fiscal year.
COH has been the subject of several research reports. Nomura reaffirmed a buy rating and issued a $45.00 target price on shares of Coach in a research report on Wednesday, May 3rd. Vetr downgraded Coach from a strong-buy rating to a buy rating and set a $46.00 target price for the company. in a research report on Tuesday, May 2nd. Royal Bank Of Canada reaffirmed a buy rating and issued a $45.00 target price on shares of Coach in a research report on Wednesday, May 3rd. Instinet reaffirmed a buy rating and issued a $45.00 target price (up from $40.00) on shares of Coach in a research report on Wednesday, May 3rd. Finally, Jefferies Group LLC reaffirmed a buy rating and issued a $53.00 target price on shares of Coach in a research report on Wednesday, April 19th. One research 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. Coach has a consensus rating of Buy and a consensus target price of $48.28.
In other Coach news, insider Sarah Dunn sold 7,595 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 74,627 shares in the company, valued at $3,438,065.89. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Andre Cohen sold 2,988 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $46.06, for a total value of $137,627.28. Following the completion of the sale, the insider now owns 43,198 shares of the company’s stock, valued at approximately $1,989,699.88. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.
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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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