Coach (COH) : 15 Wall Street analysts covering Coach (COH) believe that the average level the stock could reach for the short term is $43.93. The maximum price target given is $51 and the minimum target for short term is around $34, hence the standard deviation is calculated at $5.35.
Coach (COH) has seen a rise of 194,751 shares or 1.3% in the short interest. The remaining shorts are 5.5% of the total floated shares. The net short interest, as on June 30,2016, stood at 15,400,443 shares and the stocks days to cover will be 4 by factoring in the average per day volume of 3,614,041 shares. On June 15,2016, 15,205,692 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Equity analysts at the Brokerage firm Stifel Nicolaus assumes its rating on Coach (NYSE:COH). The rating major has initiated the coverage with hold rating on the shares. The rating by the firm was issued on May 17, 2016.
Coach (NYSE:COH): stock turned positive on Thursday. Though the stock opened at $42.17, the bulls momentum made the stock top out at $42.48 level for the day. The stock recorded a low of $42.02 and closed the trading day at $42.18, in the green by 0.40%. The total traded volume for the day was 1,952,743. The stock had closed at $42.01 in the previous days trading.
Coach, Inc. (Coach) is a design house of modern luxury accessories and lifestyle collections. The Company operates through three segments: North America, which includes sales to North American consumers through Coach-branded stores (including the Internet) and sales to wholesale customers; International segment, which includes sales to consumers through Coach-branded stores (including the Internet) and concession shop-in-shops in Japan and mainland China, Coach-operated stores and concession shop-in-shops in Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Belgium and the Netherlands, as well as sales to wholesale customers and distributors in approximately 45 countries, and Other segment, which consists of sales and expenses generated by the Coach brand in other ancillary channels, including licensing and disposition. Its product offerings include watches, footwear, scarves and jewelry.