Equities analysts expect that Coach, Inc. (NYSE:COH) will post $1.15 billion in sales for the current quarter, according to Zacks. Eight analysts have made estimates for Coach’s earnings, with the lowest sales estimate coming in at $1.12 billion and the highest estimate coming in at $1.18 billion. Coach also posted sales of $1.15 billion during the same quarter last year. The company is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, August 15th.
According to Zacks, analysts expect that Coach will report full-year sales of $1.15 billion for the current year, with estimates ranging from $4.48 billion to $4.54 billion. For the next year, analysts anticipate that the firm will post sales of $4.71 billion per share, with estimates ranging from $4.63 billion to $4.82 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Coach.
Coach (NYSE:COH) last issued its quarterly earnings data on Tuesday, May 2nd. The luxury accessories retailer reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. Coach had a return on equity of 21.36% and a net margin of 11.55%. The company had revenue of $995.20 million for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $0.44 earnings per share. Coach’s quarterly revenue was down 3.7% compared to the same quarter last year.
Several equities analysts have issued reports on COH shares. Royal Bank Of Canada reiterated a “buy” rating and set a $42.00 target price on shares of Coach in a research report on Monday, April 3rd. Vetr cut Coach from a “strong-buy” rating to a “buy” rating and set a $46.00 target price on the stock. in a research report on Tuesday, May 2nd. Instinet reiterated a “buy” rating and set a $45.00 target price (up previously from $40.00) on shares of Coach in a research report on Wednesday, May 3rd. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Coach in a research report on Thursday, April 6th. Finally, Piper Jaffray Companies set a $43.00 target price on Coach and gave the stock a “buy” rating in a research report on Wednesday, April 12th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have given a buy rating to the stock. Coach currently has a consensus rating of “Buy” and an average price target of $48.15.
In other Coach news, insider Andre Cohen sold 2,988 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $46.06, for a total value of $137,627.28. Following the transaction, the insider now owns 43,198 shares of the company’s stock, valued at $1,989,699.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sarah Dunn sold 7,595 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $46.07, for a total transaction of $349,901.65. Following the completion of the transaction, the insider now directly owns 74,627 shares in the company, valued at approximately $3,438,065.89. The disclosure for this sale can be found here. Insiders sold 44,359 shares of company stock valued at $2,023,928 over the last quarter. Insiders own 0.81% of the company’s stock.
A number of institutional investors have recently modified their holdings of COH. Winslow Evans & Crocker Inc. boosted its position in shares of Coach by 18.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,616 shares of the luxury accessories retailer’s stock worth $124,000 after buying an additional 400 shares in the last quarter. Ibex Wealth Advisors acquired a new position in shares of Coach during the fourth quarter worth about $102,000. Tompkins Financial Corp acquired a new position in shares of Coach during the first quarter worth about $120,000. NINE MASTS CAPITAL Ltd acquired a new position in shares of Coach during the first quarter worth about $153,000. Finally, NEXT Financial Group Inc boosted its position in shares of Coach by 5.0% in the second quarter. NEXT Financial Group Inc now owns 4,214 shares of the luxury accessories retailer’s stock worth $199,000 after buying an additional 200 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Coach (NYSE:COH) traded down 3.18% during mid-day trading on Friday, reaching $47.14. The company’s stock had a trading volume of 7,501,185 shares. Coach has a 1-year low of $34.07 and a 1-year high of $48.85. The company’s 50 day moving average price is $47.26 and its 200-day moving average price is $42.12. The company has a market capitalization of $13.25 billion, a price-to-earnings ratio of 25.45 and a beta of 0.45.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Friday, June 9th were paid a $0.3375 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $1.35 dividend on an annualized basis and a yield of 2.86%. Coach’s dividend payout ratio (DPR) is 72.97%.
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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.
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