Other research analysts have also issued research reports about the stock. Vetr lowered shares of Coach from a strong-buy rating to a buy rating and set a $39.45 price target on the stock. in a research report on Tuesday, January 3rd. Jefferies Group LLC reaffirmed a buy rating on shares of Coach in a research note on Tuesday, January 3rd. Piper Jaffray Companies set a $44.00 price objective on shares of Coach and gave the stock a buy rating in a research note on Sunday, December 25th. Evercore ISI raised shares of Coach from a hold rating to a buy rating and raised their price objective for the stock from $36.00 to $38.00 in a research note on Wednesday, February 1st. Finally, Royal Bank of Canada set a $42.00 price objective on shares of Coach and gave the stock a buy rating in a research note on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $44.08.
Shares of Coach (NYSE:COH) traded down 1.33% during trading on Thursday, reaching $39.25. The company’s stock had a trading volume of 1,426,865 shares. Coach has a 52 week low of $34.07 and a 52 week high of $43.71. The company has a 50 day moving average price of $39.51 and a 200 day moving average price of $37.34. The firm has a market capitalization of $11.01 billion, a P/E ratio of 21.54 and a beta of 0.49.
Coach (NYSE:COH) last posted its quarterly earnings results on Tuesday, January 31st. The luxury accessories retailer reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Coach had a net margin of 11.24% and a return on equity of 21.66%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 earnings per share. On average, equities research analysts expect that Coach will post $2.15 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Friday, March 10th were paid a $0.3375 dividend. This represents a $1.35 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend was Wednesday, March 8th. Coach’s dividend payout ratio is currently 74.18%.
A number of hedge funds have recently made changes to their positions in the stock. Ibex Wealth Advisors purchased a new stake in shares of Coach during the fourth quarter worth approximately $102,000. Trust Co. of Vermont boosted its stake in shares of Coach by 2.1% in the third quarter. Trust Co. of Vermont now owns 3,102 shares of the luxury accessories retailer’s stock worth $113,000 after buying an additional 65 shares in the last quarter. Tompkins Financial Corp purchased a new stake in shares of Coach during the first quarter worth approximately $120,000. Tower Research Capital LLC TRC boosted its stake in shares of Coach by 38.2% in the third quarter. Tower Research Capital LLC TRC now owns 4,374 shares of the luxury accessories retailer’s stock worth $159,000 after buying an additional 1,208 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA boosted its stake in shares of Coach by 1.6% in the third quarter. Compagnie Lombard Odier SCmA now owns 6,351 shares of the luxury accessories retailer’s stock worth $232,000 after buying an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 87.23% of the company’s stock.
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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