Coach, Inc. (NYSE:COH) has been assigned a $53.00 target price by KeyCorp in a report issued on Wednesday. The firm presently has a “buy” rating on the luxury accessories retailer’s stock. KeyCorp’s price target would indicate a potential upside of 34.45% from the stock’s current price.
COH has been the subject of a number of other research reports. Vetr cut shares of Coach from a “hold” rating to a “sell” rating and set a $45.98 price objective for the company. in a report on Monday, August 7th. UBS AG decreased their price objective on shares of Coach from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 17th. Buckingham Research set a $48.00 price objective on shares of Coach and gave the company a “buy” rating in a report on Friday, October 6th. MKM Partners started coverage on shares of Coach in a report on Monday, July 10th. They set a “buy” rating and a $50.00 price objective for the company. Finally, Canaccord Genuity started coverage on shares of Coach in a report on Friday, June 30th. They set a “buy” rating and a $59.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Coach presently has an average rating of “Buy” and a consensus price target of $47.28.
Shares of Coach (NYSE COH) opened at 39.42 on Wednesday. The company has a 50 day moving average of $40.57 and a 200 day moving average of $43.58. Coach has a 12 month low of $34.07 and a 12 month high of $48.85. The stock has a market cap of $11.14 billion, a P/E ratio of 18.86 and a beta of 0.44.
Coach (NYSE:COH) last issued its quarterly earnings results on Tuesday, August 15th. The luxury accessories retailer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.49 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Coach had a net margin of 13.17% and a return on equity of 21.31%. Coach’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 EPS. Equities research analysts expect that Coach will post $2.37 earnings per share for the current fiscal year.
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In other Coach news, SVP Melinda Brown sold 8,250 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $41.28, for a total value of $340,560.00. Following the transaction, the senior vice president now directly owns 42,884 shares in the company, valued at $1,770,251.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Todd Kahn sold 4,586 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $40.85, for a total transaction of $187,338.10. Following the completion of the transaction, the chief accounting officer now owns 72,412 shares in the company, valued at $2,958,030.20. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Archford Capital Strategies LLC increased its holdings in shares of Coach by 3,720.0% in the second quarter. Archford Capital Strategies LLC now owns 1,910 shares of the luxury accessories retailer’s stock valued at $217,000 after purchasing an additional 1,860 shares during the last quarter. Mckinley Capital Management LLC Delaware acquired a new position in shares of Coach in the second quarter valued at $115,000. Dupont Capital Management Corp acquired a new position in shares of Coach in the second quarter valued at $118,000. Winslow Evans & Crocker Inc. increased its holdings 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 purchasing an additional 400 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new position in shares of Coach in the second quarter valued at $188,000. Hedge funds and other institutional investors own 85.85% 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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