Headlines about Coach (NYSE:COH) have been trending somewhat positive recently, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Coach earned a news impact score of 0.10 on AlphaOne’s scale. AlphaOne also assigned news articles about the luxury accessories retailer an impact score of 28 out of 100, meaning that recent news coverage is unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted AlphaOne’s rankings:
- Jefferies Group LLC Analysts Give Coach Inc (COH) a $53.00 Price Target (americanbankingnews.com)
- Coach Inc to Issue Quarterly Dividend of $0.34 (COH) (americanbankingnews.com)
- Coach, Inc. : Declares Quarterly Cash Dividend (4-traders.com)
- The Coach Inc (COH) Earns “Buy” Rating from Royal Bank of Canada – BangaloreWeekly (bangaloreweekly.com)
- Coach Inc (NYSE:COH) under Limelight – ExpertGazette (expertgazette.com)
Several equities research analysts have weighed in on the company. Deutsche Bank AG raised Coach from a “hold” rating to a “buy” rating and increased their target price for the stock from $40.00 to $54.00 in a research report on Monday, May 15th. Robert W. Baird reissued an “outperform” rating and set a $50.00 price target (up from $48.00) on shares of Coach in a report on Monday, May 15th. Credit Suisse Group AG reissued an “outperform” rating and set a $55.00 price target (up from $46.00) on shares of Coach in a report on Monday, May 15th. Goldman Sachs Group Inc raised Coach from a “neutral” rating to a “buy” rating and raised their price target for the company from $40.00 to $55.00 in a report on Tuesday, May 9th. Finally, Piper Jaffray Companies set a $47.00 target price on Coach and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $46.36.
Coach (NYSE:COH) opened at 45.32 on Friday. Coach has a 52 week low of $34.07 and a 52 week high of $46.56. The company has a market capitalization of $12.74 billion, a P/E ratio of 24.47 and a beta of 0.49. The company has a 50 day moving average price of $41.62 and a 200-day moving average price of $38.37.
Coach (NYSE:COH) last released its quarterly earnings results on Tuesday, May 2nd. The luxury accessories retailer reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.02. Coach had a net margin of 11.24% and a return on equity of 21.66%. The company had revenue of $995.20 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm earned $0.44 earnings per share. Coach’s revenue was down 3.7% on a year-over-year basis. On average, equities analysts anticipate that Coach will post $2.15 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Friday, June 9th will be paid a $0.3375 dividend. This represents a $1.35 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Wednesday, June 7th. Coach’s payout ratio is currently 74.18%.
In related news, insider Andre Cohen sold 10,087 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $45.35, for a total value of $457,445.45. Following the completion of the transaction, the insider now directly owns 46,186 shares of the company’s stock, valued at $2,094,535.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan J. Kropf sold 4,239 shares of the stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $45.99, for a total transaction of $194,951.61. Following the completion of the transaction, the director now directly owns 36,948 shares of the company’s stock, valued at $1,699,238.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,776 shares of company stock valued at $1,536,400. 0.81% of the stock is owned by insiders.
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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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