Coach’s Analysts Dependence on Its Weekly Ratings Changes

July 13, 2016

https://www.aitbags.com/

Coach (NYSE: COH) recently received a number of ratings updates from brokerages and research firms:

6/17/2016 – Coach had its “overweight” rating reaffirmed by analysts at Piper Jaffray. They now have a $47.00 price target on the stock.

6/9/2016 – Coach had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $51.00 price target on the stock.

6/9/2016 – Coach had its “neutral” rating reaffirmed by analysts at Mizuho. They now have a $40.00 price target on the stock.

6/8/2016 – Coach had its “buy” rating reaffirmed by analysts at Piper Jaffray. They now have a $47.00 price target on the stock.

6/2/2016 – Coach had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $51.00 price target on the stock.

6/1/2016 – Coach was upgraded by analysts at Vetr from a “strong sell” rating to a “hold” rating. They now have a $39.55 price target on the stock.

5/31/2016 – Coach was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $33.59 price target on the stock.

5/22/2016 – Coach had its “buy” rating reaffirmed by analysts at Jefferies Group.

5/17/2016 – Coach is now covered by analysts at Stifel Nicolaus. They set a “hold” rating on the stock.

5/16/2016 – Coach had its “neutral” rating reaffirmed by analysts at Citigroup Inc..

5/14/2016 – Coach had its “hold” rating reaffirmed by analysts at Argus.

5/12/2016 – Coach was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Coach delivered ninth straight quarter of positive earnings surprise when it posted third-quarter fiscal 2016 results. The adjusted earnings of $0.44 per share beat the Zacks Consensus Estimate of $0.41, and surged 22.2% year over year. Net sales increased 11% and also came ahead of the Zacks Consensus Estimate. Coach has undertaken transformational initiatives revolving around products, stores and marketing to bring itself back on the growth trajectory and emerge as a multi-brand company. These seem feasible given a mature domestic market, foreign currency headwinds and cautious consumer spending that remains causes of concern. Nevertheless, management forecast high single-digit growth in revenue in constant currency during fiscal 2016. The company also aims to reach operating margin of about 20% for the Coach brand in fiscal 2017 on the back of transformational efforts and other strategic measures.”

5/11/2016 – Coach was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $35.56 price target on the stock.

5/5/2016 – Coach was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $35.56 price target on the stock.

5/3/2016 – Coach had its “buy” rating reaffirmed by analysts at Piper Jaffray.

5/3/2016 – Coach had its “buy” rating reaffirmed by analysts at KeyBanc.

4/28/2016 – Coach was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $47.00 price target on the stock. According to Zacks, “Coach delivered ninth straight quarter of positive earnings surprise when it posted third-quarter fiscal 2016 results. The adjusted earnings of $0.44 per share beat the Zacks Consensus Estimate of $0.41, and surged 22.2% year over year. Net sales increased 11% and also came ahead of the Zacks Consensus Estimate. Coach has undertaken transformational initiatives revolving around products, stores and marketing to bring itself back on the growth trajectory and emerge as a multi-brand company. These seem feasible given a mature domestic market, foreign currency headwinds and cautious consumer spending that remains causes of concern. Nevertheless, management forecast high single-digit growth in revenue in constant currency during fiscal 2016. The company also aims to reach operating margin of about 20% for the Coach brand in fiscal 2017 on the back of transformational efforts and other strategic measures.”

4/27/2016 – Coach had its price target raised by analysts at Topeka Capital Markets from $47.00 to $50.00. They now have a “buy” rating on the stock.

4/27/2016 – Coach had its price target raised by analysts at RBC Capital from $42.00 to $46.00. They now have an “outperform” rating on the stock.

4/27/2016 – Coach had its “outperform” rating reaffirmed by analysts at Wells Fargo. They now have a $47.00 price target on the stock, up previously from $45.00.

4/26/2016 – Coach had its “buy” rating reaffirmed by analysts at RBC Capital.

4/26/2016 – Coach had its “hold” rating reaffirmed by analysts at Morgan Stanley.

4/25/2016 – Coach had its “buy” rating reaffirmed by analysts at Jefferies Group.

4/25/2016 – Coach had its “buy” rating reaffirmed by analysts at Piper Jaffray. They now have a $42.00 price target on the stock.

4/23/2016 – Coach had its “buy” rating reaffirmed by analysts at Cowen and Company.

4/22/2016 – Coach had its price target raised by analysts at Mizuho from $34.00 to $40.00. They now have a “neutral” rating on the stock.

4/22/2016 – Coach had its price target raised by analysts at Cowen and Company from $42.00 to $46.00. They now have an “outperform” rating on the stock.

4/22/2016 – Coach had its price target raised by analysts at Wolfe Research from $41.00 to $47.00. They now have an “outperform” rating on the stock.

Shares of Coach Inc (NYSE:COH) opened at 39.40 on Tuesday. The firm has a market cap of $10.95 billion and a PE ratio of 28.10. Coach Inc has a 52 weeks’ low of $27.22 and a 52 weeks’ high of $42.13. The firm has a 50-day moving average of $38.98 and a 200-day moving average of $36.94.

Coach last released its quarterly earnings data on Tuesday, April 26th. The luxury accessories retailer reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The company earned $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. The business’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 EPS. On average, analysts expect that Coach Inc will post $1.93 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 5th. Stockholders of record on Friday, June 3rd will be paid a $0.3375 dividend. The ex-dividend date of this dividend is Wednesday, June 1st. This represents a $1.35 annualized dividend and a dividend yield of 3.43%.

In other news, Director Jide James Zeitlin sold 3,206 shares of Coach stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $37.32, for a total value of $119,647.92. Following the completion of the sale, the director now owns 57,717 shares in the company, valued at approximately $2,153,998.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan J. Kropf sold 5,330 shares of Coach stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $40.81, for a total transaction of $217,517.30. Following the completion of the sale, the director now owns 37,845 shares of the company’s stock, valued at approximately $1,544,454.45. The disclosure for this sale can be found here.

by ABMN Staff @AITBAGS

Share To
Share On Facebook
Share On Twitter
Share On Google Plus
Share On Linkedin
Share On Pinterest

Leave A Comment

Related Posts