Equities research analysts at Sterne Agee started coverage on shares of Coach (NYSE: COH)
The analysts wrote, ?While the company?s domestic business has admittedly struggled of late due to challenges from younger competitors (such as KORS, Tory Burch and kate spade), the company still has a very appealing global expansion strategy. Even with modest market share and margin declines in the U.S., we believe COH can continue to grow top line and maintain consolidated operating margins driven by growth in Asia-Pac. … While we wouldn?t expect a real inflection in the business for another 6 months (Q3 likely soft as transition to ?lifestyle? brand will take some time), a 2.5% dividend yield and an 8% FCF yield should help put a bottom in the stock until fundamentals improve.? Other equities research analysts have also recently issued reports about the stock. 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.
Sixteen investment analysts have rated the stock with a buy rating, five have issued an overweight rating, fifteen have issued a hold rating, and one has assigned a sell rating to the company. Coach has a consensus rating of ?overweight? and a consensus target price of $61.18.
Shares of Coach traded up 0.80% during mid-day trading on Monday, hitting $48.93. Coach has a 52 week low of $45.87 and a 52 week high of $79.70. The stock?s 50-day moving average is currently $49.85. The company has a market cap of $13.739 billion and a P/E ratio of 13.39.
Coach last posted its quarterly earnings results 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 in the prior year, the company posted $1.18 earnings per share. The company?s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts predict that Coach will post $3.71 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, April 1st. Stockholders of record on Friday, March 8th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend 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.