Shares of Coach Inc (NYSE:COH) have received an average recommendation of “Buy” from the thirty-eight brokerages that are covering the stock. One analyst has rated the stock with a sell recommendation, sixteen have given a hold recommendation and twenty-one have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $43.08.
A number of equities analysts recently commented on COH shares. Zacks Investment Research lowered Coach from a “hold” rating to a “sell” rating in a research note on Thursday, January 5th. Vetr raised Coach from a “buy” rating to a “strong-buy” rating and set a $39.45 price target for the company in a research note on Monday, January 9th. Piper Jaffray Companies reissued a “buy” rating and set a $44.00 price target on shares of Coach in a research note on Monday, December 12th. Deutsche Bank AG reissued a “hold” rating and set a $43.00 price target on shares of Coach in a research note on Tuesday, January 31st. Finally, Wedbush increased their price target on Coach from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, February 1st.
Coach (NYSE:COH) opened at 39.15 on Thursday. The stock’s 50 day moving average price is $38.07 and its 200 day moving average price is $36.81. Coach has a 1-year low of $34.07 and a 1-year high of $43.71. The stock has a market capitalization of $10.99 billion, a PE ratio of 21.49 and a beta of 0.49.
Coach (NYSE:COH) last announced its quarterly earnings results on Tuesday, January 31st. The luxury accessories retailer reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. Coach had a return on equity of 21.66% and a net margin of 11.24%. The company earned $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. On average, equities research analysts predict that Coach will post $2.14 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Friday, March 10th will be issued a dividend of $0.3375 per share. The ex-dividend date is Wednesday, March 8th. This represents a $1.35 annualized dividend and a yield of 3.45%. Coach’s payout ratio is currently 74.18%.
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In other Coach news, Director Annabelle Yu Long sold 2,310 shares of the firm’s stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of $35.12, for a total transaction of $81,127.20. Following the transaction, the director now directly owns 2,020 shares in the company, valued at approximately $70,942.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.81% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COH. Sumitomo Life Insurance Co. increased its position in Coach by 9.2% in the third quarter. Sumitomo Life Insurance Co. now owns 42,799 shares of the luxury accessories retailer’s stock valued at $1,565,000 after buying an additional 3,594 shares during the last quarter. Northern Trust Corp increased its position in shares of Coach by 0.4% in the third quarter. Northern Trust Corp now owns 3,251,779 shares of the luxury accessories retailer’s stock worth $118,885,000 after buying an additional 13,858 shares in the last quarter. Morgan Stanley increased its position in shares of Coach by 224.8% in the third quarter. Morgan Stanley now owns 2,665,389 shares of the luxury accessories retailer’s stock worth $97,445,000 after buying an additional 1,844,686 shares in the last quarter. Redwood Investments LLC bought a new position in shares of Coach during the third quarter worth about $16,368,000. Finally, WINTON GROUP Ltd increased its position in shares of Coach by 4.5% in the third quarter. WINTON GROUP Ltd now owns 541,889 shares of the luxury accessories retailer’s stock worth $19,811,000 after buying an additional 23,504 shares in the last quarter. 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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