Equities research analysts at Wall Street Strategies upgraded shares of Coach (NYSE: COH) to a “buy” rating in a research note to investors on Tuesday.
Separately, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Coach in a research note to investors on Tuesday, January 18th. They now have a $57.00 price target on the stock.
Coach, Inc. (Coach) is a marketer of fine accessories and gifts for women and men. Coach’s product offerings include handbags, women’s and men’s accessories, footwear, business cases, jewelry, wearables, sunwear, travel bags, fragrance and watches. Coach operates in two business segments: Direct-to-Consumer and Indirect. During the fiscal year ended July 3, 2010, the Company introduced Poppy, which offers a variety of silhouettes. It also introduced additional lifestyle collections. The accessories include women’s and men’s small leather goods, novelty accessories and women’s and men’s belts. The Company’s footwear is distributed through select Coach retail stores, coach.com and over 950 United States department stores. The wearables category consists of jackets, sweaters, gloves, hats and scarves, including both cold weather and fashion. During fiscal 2010, Estee Lauder Companies Inc., through its subsidiary, Aramis Inc., became Coach’s fragrance licensee.
Shares of Coach (NYSE: COH) traded up 2.22% during mid-day trading on Wednesday, hitting $54.27. Coach has a 52 week low of $32.96 and a 52 week high of $58.55. The stock’s 50-day moving average is $55.21 and its 200-day moving average is $46.37. On average, analysts predict that Coach will post $0.61 EPS next quarter. The company has a market cap of $16.085 billion and a price-to-earnings ratio of 21.04.
