The stock of Coach Inc (NYSE:COH) is a huge mover today! About 962,263 shares traded hands. Coach Inc (NYSE:COH) has declined 4.65% since March 8, 2016 and is downtrending. It has underperformed by 13.97% the S&P500.
The move comes after 7 months positive chart setup for the $10.26B company. It was reported on Oct, 11 by Barchart.com. We have $44.46 PT which if reached, will make NYSE:COH worth $2.26 billion more.
Analysts await Coach Inc (NYSE:COH) to report earnings on October, 25. They expect $0.45 earnings per share, up 9.76% or $0.04 from last year’s $0.41 per share. COH’s profit will be $126.70 million for 20.24 P/E if the $0.45 EPS becomes a reality. After $0.45 actual earnings per share reported by Coach Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Coach Inc (NYSE:COH) Ratings Coverage
Out of 28 analysts covering Coach Inc. (NYSE:COH), 17 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 61% are positive. Coach Inc. has been the topic of 46 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Citigroup maintained the shares of COH in a report on Monday, April 18 with “Neutral” rating. Susquehanna initiated it with “Positive” rating and $40 target price in Monday, October 26 report. The firm has “Neutral” rating by Mizuho given on Friday, July 31. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, January 27. On Tuesday, December 15 the stock rating was upgraded by Cowen & Co to “Outperform”. Wolfe Research initiated the stock with “Peer Perform” rating in Wednesday, October 14 report. JP Morgan downgraded Coach Inc (NYSE:COH) on Monday, August 3 to “Neutral” rating. Topeka Capital Markets maintained it with “Buy” rating and $47 target price in Wednesday, October 28 report. The company was maintained on Wednesday, August 5 by Cowen & Co. The stock has “Outperform” rating given by Robert W. Baird on Monday, July 18.
According to Zacks Investment Research, “Coach Inc. is a designer, producer and marketer of high-quality, modern, American classic accessories that complement the diverse lifestyles of discerning women and men. The company is one of the best recognized leather goods brands in the U.S. and is enjoying increased recognition in targeted international markets. The company attributes the prominence of the Coach brand to the unique combination of its original American attitude and design, its heritage in fine leather products, its superior product quality and durability and its commitment to customer service.”
Insitutional Activity: The institutional sentiment increased to 0.97 in 2016 Q2. Its up 0.04, from 0.93 in 2016Q1. The ratio improved, as 61 funds sold all Coach Inc shares owned while 179 reduced positions. 49 funds bought stakes while 183 increased positions. They now own 243.72 million shares or 0.95% more from 241.43 million shares in 2016Q1.
Kcg Incorporated accumulated 0% or 5,357 shares. Raymond James has 32,039 shares for 0.01% of their US portfolio. Norinchukin National Bank The holds 0.04% or 38,083 shares in its portfolio. Schwab Charles Mgmt last reported 0.05% of its portfolio in the stock. Mufg Americas Holding has invested 0.01% of its portfolio in Coach Inc (NYSE:COH). The Delaware-based Reliance Of Delaware has invested 0.03% in Coach Inc (NYSE:COH). Quantres Asset Mngmt last reported 0.59% of its portfolio in the stock. Mitsubishi Ufj Tru last reported 0.05% of its portfolio in the stock. Moreover, Guggenheim Capital Ltd Liability has 0.1% invested in Coach Inc (NYSE:COH) for 790,909 shares. Investec Asset Mgmt Limited reported 1.03M shares or 0.22% of all its holdings. Aqr Cap Management Ltd Liability last reported 192,686 shares in the company. The New York-based D E Shaw Communications has invested 0% in Coach Inc (NYSE:COH). Metropolitan Life Co Ny holds 0.04% or 147,389 shares in its portfolio. British Columbia Investment Mngmt Corp has 124,032 shares for 0.04% of their US portfolio. Snyder Cap Mngmt Limited Partnership holds 0.06% of its portfolio in Coach Inc (NYSE:COH) for 24,285 shares.
Insider Transactions: Since May 3, 2016, the stock had 0 insider purchases, and 2 insider sales for $337,165 net activity. The insider Zeitlin Jide James sold 3,206 shares worth $119,648. KROPF SUSAN J also sold $217,517 worth of Coach Inc (NYSE:COH) shares.
More news for Coach Inc (NYSE:COH) were recently published by: Schaeffersresearch.com, which released: “Analyst Update: Catabasis Pharmaceuticals Inc, Coach Inc, and Lululemon …” on September 29, 2016. Reuters.com‘s article titled: “BRIEF-Coach Inc CEO Victor Luis’ 2016 total compensation was $9.9 million …” and published on September 30, 2016 is yet another important article.
COH Company Profile
Coach, Inc. (Coach), incorporated on June 1, 2000, is a design house of luxury accessories and lifestyle collections. The Company’s product offering uses a range of leathers, fabrics and materials. The Company’s divisions include North America, International and Stuart Weitzman. The North America segment includes sales of Coach brand products to North American clients through Coach-operated stores (including the Internet) and sales to North American wholesale customers. The International segment includes sales to clients through Coach-branded stores and concession shop-in-shops in Japan, mainland China, Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Austria, Belgium, the Netherlands and Switzerland. The Stuart Weitzman segment includes sales across the world generated by the Stuart Weitzman brand, primarily through department stores in North America and international locations, and within Stuart Weitzman operated stores (including the Internet) in the United States, Canada and Europe.
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