Jefferies Group LLC Reaffirms “Hold” Rating for Coach, Inc. (COH)

Jefferies Group LLC reissued their hold rating on shares of Coach, Inc. (NYSE:COH) in a report issued on Saturday. Jefferies Group LLC currently has a $42.00 price target on the luxury accessories retailer’s stock.

A number of other brokerages also recently commented on COH. Vetr downgraded shares of Coach from a hold rating to a sell rating and set a $45.98 price target for the company. in a report on Monday, July 24th. OTR Global raised shares of Coach to a positive rating in a research report on Friday, July 21st. Oppenheimer Holdings, Inc. set a $55.00 price objective on shares of Coach and gave the stock a buy rating in a research report on Tuesday, August 15th. BMO Capital Markets set a $42.00 price objective on shares of Coach and gave the stock a hold rating in a research report on Tuesday, August 8th. Finally, MKM Partners began coverage on shares of Coach in a research report on Monday, July 10th. They issued a buy rating and a $50.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-three have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $48.03.

Shares of Coach (COH) opened at 40.35 on Friday. Coach has a 12 month low of $34.07 and a 12 month high of $48.85. The stock has a market capitalization of $11.40 billion, a P/E ratio of 19.31 and a beta of 0.44. The company’s 50 day moving average price is $42.92 and its 200-day moving average price is $43.54.

Coach (NYSE:COH) last released its quarterly earnings data on Tuesday, August 15th. The luxury accessories retailer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.49 by $0.01. Coach had a net margin of 13.17% and a return on equity of 21.31%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. The business’s revenue was down 1.8% on a year-over-year basis. Equities analysts predict that Coach will post $2.38 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be paid a dividend of $0.3375 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 3.35%. Coach’s dividend payout ratio is currently 64.59%.

In related news, SVP Melinda Brown sold 8,250 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $41.28, for a total transaction of $340,560.00. Following the transaction, the senior vice president now directly owns 42,884 shares in the company, valued at $1,770,251.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Todd Kahn sold 4,586 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $40.85, for a total transaction of $187,338.10. Following the transaction, the chief accounting officer now owns 72,412 shares in the company, valued at $2,958,030.20. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of COH. Mckinley Capital Management LLC Delaware acquired a new position in Coach in the 2nd quarter valued at about $115,000. Dupont Capital Management Corp acquired a new position in Coach in the 2nd quarter valued at about $118,000. Winslow Evans & Crocker Inc. boosted its holdings in Coach by 18.1% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,616 shares of the luxury accessories retailer’s stock valued at $124,000 after purchasing an additional 400 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new position in Coach in the 1st quarter valued at about $153,000. Finally, Seven Eight Capital LP acquired a new position in Coach in the 2nd quarter valued at about $188,000. Institutional investors own 86.32% of the company’s stock.

Coach Company Profile

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.

Analyst Recommendations for Coach (NYSE:COH)

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