Coach Inc (COH) is Downgraded by Morgan Stanley to Underweight

Coach Inc (COH) was Downgraded by Morgan Stanley to ” Underweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on Sep 14, 2016.

Many Wall Street Analysts have commented on Coach Inc. Coach Inc was Upgraded by BofA/Merrill to ” Neutral” on Aug 10, 2016. 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 .

On the company’s financial health, Coach Inc reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.41. The company had revenue of $1155.00 million for the quarter, 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.

Coach Inc opened for trading at $36.25 and hit $37.395 on the upside on Monday, eventually ending the session at $37.25, with a gain of 1.80% or 0.66 points. The heightened volatility saw the trading volume jump to 3,115,369 shares. Company has a market cap of $10,391 M.

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.

Coach Inc

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