Coach’s (COH) Hold Rating Reaffirmed at Jefferies Group LLC

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

COH has been the subject of a number of other research reports. Vetr lowered Coach from a hold rating to a sell rating and set a $45.98 price target for the company. in a research note on Monday, August 7th. UBS AG dropped their price target on Coach from $55.00 to $50.00 and set a buy rating for the company in a research note on Thursday, August 17th. MKM Partners initiated coverage on Coach in a research note on Monday, July 10th. They issued a buy rating and a $50.00 price target for the company. Canaccord Genuity initiated coverage on Coach in a research note on Friday, June 30th. They issued a buy rating and a $59.00 price target for the company. Finally, Piper Jaffray Companies reaffirmed an overweight rating and issued a $48.00 price target (down previously from $52.00) on shares of Coach in a research note on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $48.03.

Coach (NYSE COH) traded down 0.55% during mid-day trading on Friday, hitting $41.40. 2,965,041 shares of the stock traded hands. Coach has a 1-year low of $34.07 and a 1-year high of $48.85. The company has a 50-day moving average of $43.35 and a 200 day moving average of $43.43. The firm has a market capitalization of $11.70 billion, a P/E ratio of 19.81 and a beta of 0.44.

Coach (NYSE:COH) last announced its quarterly earnings results on Tuesday, August 15th. The luxury accessories retailer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. Coach had a return on equity of 21.31% and a net margin of 13.17%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm posted $0.45 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. On average, equities research analysts anticipate that Coach will post $2.38 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be issued a $0.3375 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.35 annualized dividend and a yield of 3.26%. Coach’s payout ratio is 64.59%.

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

A number of large investors have recently made changes to their positions in the business. Stratos Wealth Partners LTD. boosted its position in Coach by 0.3% in the second quarter. Stratos Wealth Partners LTD. now owns 10,175 shares of the luxury accessories retailer’s stock worth $482,000 after purchasing an additional 32 shares during the last quarter. Cleararc Capital Inc. boosted its position in Coach by 0.5% in the first quarter. Cleararc Capital Inc. now owns 6,847 shares of the luxury accessories retailer’s stock worth $283,000 after purchasing an additional 34 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Coach by 0.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,909 shares of the luxury accessories retailer’s stock worth $451,000 after purchasing an additional 47 shares during the last quarter. LS Investment Advisors LLC boosted its position in Coach by 0.5% in the second quarter. LS Investment Advisors LLC now owns 10,290 shares of the luxury accessories retailer’s stock worth $487,000 after purchasing an additional 53 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Coach by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,886 shares of the luxury accessories retailer’s stock worth $989,000 after purchasing an additional 70 shares during the last quarter. 86.35% of the stock is currently 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.

Analyst Recommendations for Coach (NYSE:COH)

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