Barclays Capital Boosts Price Target on Coach (COH)
Investment analysts at Barclays Capital (NYSE: BCS) boosted their target price on shares of Coach (NYSE: COH) from $82.00 to $90.00 in a note issued to investors on Wednesday. The firm currently has an “overweight” rating on the stock.
Shares of Coach opened at 67.52 on Wednesday. Coach has a 52 week low of $45.70 and a 52 week high of $79.70. The company has a market cap of $19.403 billion and a P/E ratio of 20.17.
Coach last announced its earnings results on Tuesday, April 24th. The company reported $0.77 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.02. Coach’s revenue was up 16.6% compared to the same quarter last year. On average, analysts predict that Coach will post $0.87 earnings per share next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at Lazard Capital upgraded shares of Coach from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, May 3rd. Separately, analysts at HSBC (NYSE: HBC) upgraded shares of Coach from a “neutral” rating to an “overweight” rating in a research note to investors on Friday, April 27th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Coach in a research note to investors on Wednesday, April 25th. They now have a $75.00 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 women’s and men’s bag, accessories, business cases, footwear, wearables, jewelry, sunwear, travel bags, watches and fragrance.