Vetr upgraded shares of Coach Inc. (NYSE:COH) from a buy rating to a strong-buy rating in a research note published on Monday. Vetr currently has $42.82 target price on the luxury accessories retailer’s stock.

COH has been the subject of several other research reports. Piper Jaffray Cos. reissued an overweight rating and issued a $46.00 price target on shares of Coach in a research note on Tuesday, August 30th. Stifel Nicolaus reissued a hold rating and issued a $38.00 price target on shares of Coach in a research note on Tuesday, November 1st. Jefferies Group reissued a buy rating on shares of Coach in a research note on Friday, September 2nd. Oppenheimer Holdings Inc. set a $50.00 price target on Coach and gave the stock a buy rating in a research note on Friday, October 21st. Finally, initiated coverage on Coach in a research note on Wednesday, September 28th. They issued a buy rating and a $45.00 price target for the company. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $42.13.

Analyst Recommendations for Coach (NYSE:COH)

Shares of Coach (NYSE:COH) opened at 36.39 on Monday. The company’s 50-day moving average price is $36.56 and its 200-day moving average price is $38.54. Coach has a 52-week low of $29.66 and a 52-week high of $43.71. The stock has a market cap of $10.20 billion, a PE ratio of 21.16 and a beta of 0.58.

Coach (NYSE:COH) last issued its quarterly earnings data on Tuesday, November 1st. The luxury accessories retailer reported $0.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.45. The firm earned $1.04 billion during the quarter, compared to the consensus estimate of $1.07 billion. Coach had a return on equity of 21.30% and a net margin of 10.70%. The firm’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 EPS. Analysts expect that Coach will post $2.14 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Friday, December 9th will be given a dividend of $0.3375 per share. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $1.35 annualized dividend and a dividend yield of 3.71%. Coach’s dividend payout ratio (DPR) is presently 78.49%.

Several institutional investors have recently bought and sold shares of COH. Price T Rowe Associates Inc. MD increased its position in Coach by 41.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 19,168,573 shares of the luxury accessories retailer’s stock valued at $700,803,000 after buying an additional 5,590,193 shares during the period. Quantitative Systematic Strategies LLC increased its position in Coach by 29.9% in the third quarter. Quantitative Systematic Strategies LLC now owns 51,063 shares of the luxury accessories retailer’s stock valued at $1,850,000 after buying an additional 11,758 shares during the period. Peloton Wealth Strategists bought a new position in Coach during the third quarter valued at approximately $2,340,000. Credit Suisse AG increased its position in Coach by 3.8% in the third quarter. Credit Suisse AG now owns 1,227,120 shares of the luxury accessories retailer’s stock valued at $44,863,000 after buying an additional 44,739 shares during the period. Finally, Cognios Capital LLC increased its position in Coach by 2.6% in the third quarter. Cognios Capital LLC now owns 27,940 shares of the luxury accessories retailer’s stock valued at $1,021,000 after buying an additional 711 shares during the period. Institutional investors and hedge funds own 88.02% 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.

5 Day Chart for NYSE:COH

To view Vetr’s full report, visit Vetr’s official website.

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