Coach’s (COH) “Hold” Rating Reiterated at BMO Capital Markets

BMO Capital Markets reissued their hold rating on shares of Coach Inc (NYSE:COH) in a report published on Tuesday morning. The firm currently has a $39.00 price objective on the luxury accessories retailer’s stock.

Several other analysts have also recently issued reports on the stock. Piper Jaffray Companies set a $43.00 price objective on shares of Coach and gave the company a buy rating in a research note on Wednesday, April 12th. Zacks Investment Research cut shares of Coach from a buy rating to a hold rating in a research note on Wednesday, April 12th. Oppenheimer Holdings Inc. reissued a buy rating on shares of Coach in a research note on Thursday, April 6th. Vetr raised shares of Coach from a hold rating to a strong-buy rating and set a $46.00 price objective for the company in a research note on Monday, April 3rd. Finally, Royal Bank of Canada reissued a buy rating and set a $42.00 price objective on shares of Coach in a research note on Monday, April 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $44.08.

Analyst Recommendations for Coach (NYSE:COH)

Coach (NYSE:COH) traded down 0.943% during midday trading on Tuesday, hitting $39.405. The stock had a trading volume of 305,165 shares. The firm has a market cap of $11.06 billion, a P/E ratio of 21.627 and a beta of 0.49. The stock has a 50-day moving average price of $39.51 and a 200 day moving average price of $37.34. Coach has a 12-month low of $34.07 and a 12-month high of $43.71.

Coach (NYSE:COH) last announced its quarterly earnings data on Tuesday, January 31st. The luxury accessories retailer reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Coach had a net margin of 11.24% and a return on equity of 21.66%. The company earned $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the company earned $0.68 EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities analysts anticipate that Coach will post $2.15 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 3rd. Investors of record on Friday, March 10th were given a dividend of $0.3375 per share. This represents a $1.35 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Wednesday, March 8th. Coach’s dividend payout ratio is presently 74.18%.

Large investors have recently made changes to their positions in the stock. Ibex Wealth Advisors acquired a new stake in shares of Coach during the fourth quarter worth $102,000. Trust Co. of Vermont increased its stake in shares of Coach by 2.1% in the third quarter. Trust Co. of Vermont now owns 3,102 shares of the luxury accessories retailer’s stock worth $113,000 after buying an additional 65 shares in the last quarter. Tompkins Financial Corp acquired a new stake in shares of Coach during the first quarter worth $120,000. Tower Research Capital LLC TRC increased its stake in shares of Coach by 38.2% in the third quarter. Tower Research Capital LLC TRC now owns 4,374 shares of the luxury accessories retailer’s stock worth $159,000 after buying an additional 1,208 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA increased its stake in shares of Coach by 1.6% in the third quarter. Compagnie Lombard Odier SCmA now owns 6,351 shares of the luxury accessories retailer’s stock worth $232,000 after buying an additional 103 shares in the last quarter. 87.23% of the stock is owned by institutional investors and hedge funds.

About Coach

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.

5 Day Chart for NYSE:COH

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