“Coach (COH) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
,” TheStreet’s analyst commented.
Coach opened at 49.93 on Tuesday. Coach has a 52-week low of $45.87 and a 52-week high of $79.70. The stock’s 50-day moving average is currently $50.58. The company has a market cap of $14.019 billion and a price-to-earnings ratio of 13.77.
The company also recently declared a quarterly dividend, which is scheduled for Monday, April 1st. Shareholders of record on Friday, March 8th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Wednesday, March 6th.
Several other analysts have also recently commented on the stock. Analysts at Sterne Agee initiated coverage on shares of Coach in a research note to investors on Monday. They set a buy rating and a $58.00 price target on the stock. Separately, analysts at Cowen initiated coverage on shares of Coach in a research note to investors on Tuesday, February 26th. They set a neutral rating on the stock. Finally, analysts at Atlantic Securities reiterated an overweight rating on shares of Coach in a research note to investors on Friday, February 15th. They now have a $68.00 price target on the stock.
Sixteen analysts have rated the stock with a buy rating, five have issued an overweight rating, fifteen have given a hold rating, and one has given a sell rating to the company. The stock currently has an average rating of overweight and a consensus price target of $61.18.
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