Coach Inc (COH) was Reiterated by Mizuho to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 40 from a previous price target of $34 . Mizuho advised their investors in a research report released on Apr 22, 2016.
Many Wall Street Analysts have commented on Coach Inc. Company shares were Reiterated by UBS on Apr 19, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $42 .Miller Tabak Initiated Coach Inc on Apr 8, 2016 to “Hold”, Price Target of the shares are set at $35.Company shares were Reiterated by Piper Jaffray on Mar 4, 2016 to “Overweight”, Firm has raised the Price Target to $ 42 from a previous price target of $38 .
On the company’s financial health, Coach Inc reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $0.66. The company had revenue of $1273.80 million for the quarter, compared to analysts expectations of $1275.78 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.
Coach Inc closed down -0.5 points or -1.23% at $39.99 with 34,00,830 shares getting traded on Wednesday. Post opening the session at $40.55, the shares hit an intraday low of $39.67 and an intraday high of $40.71 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Aug 17, 2015, Jane Nielsen (Chief Financial Officer) sold 13,194 shares at $31.50 per share price. According to the SEC, on Mar 4, 2015, Sarah Dunn (Global Human Resources Officer) sold 4,000 shares at $43.23 per share price. On Feb 26, 2015, Todd Kahn (Global Corp.Affairs Officer/GC) sold 7,667 shares at $43.00 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.