HSBC Upgrades Coach to Overweight (COH)
Coach (NYSE: COH) was upgraded by HSBC (NYSE: HBC) from a “neutral” rating to an “overweight” rating in a research note issued on Friday.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at Stifel Nicolaus raised their price target on shares of Coach to $85.00 in a research note to investors on Thursday, April 19th. Finally, analysts at Credit Suisse (NYSE: CS) raised their price target on shares of Coach to $86.00 in a research note to investors on Monday, April 2nd.
Coach traded down 1.03% on Friday, hitting $73.15. Coach has a 1-year low of $45.70 and a 1-year high of $79.70. The company has a market cap of $21.036 billion and a price-to-earnings ratio of 22.08.
The company last announced its quarterly results on Tuesday, April 24th. It reported $0.77 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.75 EPS by $0.02. The company’s quarterly revenue was up 16.6% on a year-over-year basis. Analysts expect that Coach will post $0.87 EPS next quarter.
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.