Coach (NYSE:COH) was downgraded by analysts at Standpoint Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.
Coach (NYSE:COH) traded up 1.76% during mid-day trading on Tuesday, hitting $55.52. 1,903,547 shares of the company’s stock traded hands. Coach has a 1-year low of $45.87 and a 1-year high of $61.94. The stock has a 50-day moving average of $52.59 and a 200-day moving average of $55.17. The company has a market cap of $15.571 billion and a P/E ratio of 15.11.
Coach (NYSE:COH) last released its earnings data on Tuesday, October 22nd. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters 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. The company’s quarterly revenue was down .9% on a year-over-year basis. Analysts expect that Coach will post $3.47 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 3rd. Investors of record on Friday, December 6th will be paid a dividend of $0.34 per share. This represents a $1.35 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Wednesday, December 4th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald reiterated a “sell” rating on shares of Coach in a research note to investors on Sunday, November 10th. They now have a $46.00 price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Coach in a research note to investors on Sunday, November 10th. They now have a $65.00 price target on the stock. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $58.43.
Coach, Inc (NYSE:COH), is a marketer of fine accessories and gifts for women and men.
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