Coach (NYSE:COH) was downgraded by investment analysts at Argus from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
Coach (NYSE:COH) opened at 50.10 on Wednesday. Coach has a 52 week low of $45.87 and a 52 week high of $62.26. The stock has a 50-day moving average of $53.42 and a 200-day moving average of $54.65. The company has a market cap of $14.125 billion and a P/E ratio of 13.88. Coach also saw some unusual options trading on Monday. Investors purchased 23,805 call options on the company. This represents an increase of 757% compared to the average daily volume of 2,779 call options.
Coach (NYSE:COH) last released its earnings data on Tuesday, October 22nd. The company reported $0.77 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.76 by $0.01. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company posted $0.77 earnings per share. Coach’s revenue was down .9% compared to the same quarter last year. On average, analysts predict that Coach will post $3.79 earnings per share for the current fiscal year.
COH has been the subject of a number of other recent research reports. Analysts at Bank of America Corp. downgraded shares of Coach to a “neutral” rating in a research note to investors on Wednesday. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Coach in a research note to investors on Friday, October 18th. Finally, analysts at Canaccord Genuity downgraded shares of Coach from a “buy” rating to a “hold” rating in a research note to investors on Monday, October 14th. They now have a $62.00 price target on the stock, down previously from $65.00. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and sixteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $61.65.
Coach, Inc (NYSE:COH), is a marketer of fine accessories and gifts for women and men.
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