Coach Inc (COH) was Upgraded by Credit Suisse to ” Outperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Jul 27, 2016.
Many Wall Street Analysts have commented on Coach Inc. Company shares were Upgraded by Robert W. Baird on Jul 18, 2016 to ” Outperform”, Firm has raised the Price Target to $ 50 from a previous price target of $45 .Coach Inc was Resumed by Stifel to “Hold” on May 17, 2016.
On the company’s financial health, Coach Inc reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.41. The company had revenue of $1033.00 million for the quarter, compared to analysts expectations of $1023.14 million. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.
Coach Inc closed down -0.3 points or -0.70% at $42.8 with 30,61,835 shares getting traded on Thursday. Post opening the session at $43.05, the shares hit an intraday low of $42.48 and an intraday high of $43.05 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Jun 15, 2016, Jide James Zeitlin (director) sold 3,206 shares at $37.32 per share price. According to the SEC, on May 4, 2016, Susan J Kropf (director) sold 5,330 shares at $40.81 per share price. On Aug 17, 2015, Jane Nielsen (Chief Financial Officer) sold 13,194 shares at $31.50 per share price, according to the Form-4 filing with the securities and exchange commission.
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.