Investment analysts at Sterne Agee assumed coverage on shares of Coach (NYSE: COH) in a note issued to investors on Monday. The firm set a “buy” rating and a $58.00 price target on the stock.
Coach opened at 48.22 on Monday. Coach has a 1-year low of $45.87 and a 1-year high of $79.70. The stock’s 50-day moving average is currently $51.52. The company has a market cap of $13.539 billion and a price-to-earnings ratio of 13.30.
Coach last issued its quarterly earnings data on Wednesday, January 23rd. The company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by $0.06. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.60 million. During the same quarter last year, the company posted $1.18 earnings per share. Coach’s revenue was up 3.8% compared to the same quarter last year. Analysts expect that Coach will post $3.71 EPS for the current fiscal year.
A number of other firms have also recently commented on COH. Analysts at Cowen initiated coverage on shares of Coach in a research note to investors on Tuesday, February 26th. They set a “neutral” rating on the stock. Separately, analysts at Atlantic Securities reiterated an “overweight” rating on shares of Coach in a research note to investors on Friday, February 15th. They now have a $68.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Coach in a research note to investors on Friday, February 8th.
Fifteen analysts have rated the stock with a buy rating, five have issued an overweight rating, fifteen have given a hold rating, and one has assigned a sell rating to the stock. The stock currently has a consensus rating of “overweight” and a consensus target price of $61.29.
The company also recently announced a quarterly dividend, which is scheduled for Monday, April 1st. Investors of record on Friday, March 8th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Wednesday, March 6th.
Coach, Inc. (Coach), is a marketer of fine accessories and gifts for women and men. Coach’s product offerings include women’s and men’s bag, accessories, business cases, footwear, wearables, jewelry, sunwear, travel bags, watches and fragrance.
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