Coach Inc (COH) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $0.45 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.41. The company posted revenue of $1155.00 million in the period, compared to analysts expectations of $1166.12 million. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.
Many Wall Street Analysts have commented on Coach Inc. Coach Inc was Upgraded by Credit Suisse to ” Outperform” on Jul 27, 2016. 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.
Coach Inc closed down -0.58 points or -1.38% at $41.45 with 93,43,050 shares getting traded on Monday. Post opening the session at $42.16, the shares hit an intraday low of $41.23 and an intraday high of $42.24 and the price fluctuated in this range throughout the day.Shares ended Monday 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.