Credit Suisse (CS) Analysts Now Covering Coach (COH) Stock
Sep 08, 2011, 11:20 PM
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Equities research analysts at Credit Suisse (NYSE: CS) initiated coverage on shares of Coach (NYSE: COH) in a research note issued to investors on Thursday.cheap Nike shoes They set an “outperform” rating on the stock.
Separately, analysts at Jefferies upgraded shares of Coach from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, August 23rd. They now have a $60. 00 price target on the stock. Also, analysts at UBS AG (NYSE: UBS) raised their price target on shares of Coach from $60. 00 to $65. 00 in a research note to investors on Wednesday, August 3rd. They now have a “neutral” rating 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,Nike Air Max 2011 shoes 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.
Coach last announced its quarterly results on Tuesday, August 2nd. The company reported $0. 68 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0. 65 EPS by $0. 03. The company’s quarterly revenue was up 8. 4% on a year-over-year basis. On average,nike free run analysts predict that Coach will post $1. 14 EPS next quarter.
Shares of Coach traded up 0. 79% during mid-day trading on Friday, hitting $55. 98. Coach has a 52 week low of $38. 63 and a 52 week high of $69. 20. The stock’s 50-day moving average is $57. 01 and its 200-day moving average is $57. 69. The company has a market cap of $16. 180 billion and a price-to-earnings ratio of 19. 02.
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