Coach (COH) : The consensus on Coach (COH) based on 19 analyst recommendation on the company stock is 1.74, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 12 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Coach (COH) : The most positive equity analysts on Coach (COH) expects the shares to touch $53, whereas, the least positive believes that the stock will trade at $34 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $44.4 with an expected fluctuation of $5.77 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Coach (NYSE:COH): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.23 and $39.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.52. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.87, notching a gain of 0.68% for the day. The total traded volume was 4,375,783 . The stock had closed at $39.60 on the previous day.
In a related news, The director, of Coach Inc, Zeitlin Jide James had unloaded 3,206 shares at $37.32 per share in a transaction on June 14, 2016. The total value of transaction was $119,648. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.