Stock Analysis:Coach Inc (NYSE:COH) Target Increased
In recent note announced by JP Morgan on Tuesday morning, Coach Inc (NYSE:COH) had its target lifted to $37.00. The firm at present has a solid Neutral rating on shares.
From a total of 32 analysts covering Coach Inc. (NYSE:COH) stock, 15 rate it a ”Buy”, 4 a “Sell”, and 21 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is $54 while the lowest target price is $26. The mean of all analyst targets is $37.25 with a 17.55% above today’s ($31.23) stock price. Coach Inc. was the topic of 22 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Cantor Fitzgerald maintained shares on October 28 with “Hold” rating. Morgan Stanley upgraded shares to “Equal-Weight” rating and $27 target share price in a report from an October 21. Susquehanna initiated COH stock in a recent report from October 26 with “Positive” rating. Wolfe Research initiated the rating on October 14. Wolfe Research has a “Peer Perform” rating and a $32 price target on shares. Finally, Wells Fargo reinitiated the stock with “Outperform” rating in a report issued on an October 22.
The stock increased 0.51% or $0.16 during the last trading session, striking $31.23. Approximately shares of stock traded hands. Coach Inc (NYSE:COH) has declined 17.78% since May 6, 2015 and is downtrending. It has underperformed by 16.98% the S&P500.
The overall sentiment of institutions has decreased to 0.85 in Q2 2015. Its down 0.25, from 1.1 in 2015Q2. The ratio dived, as 80 institutions have sold all the shares of Coach Inc that they owned while 201 funds have taken shares off the table. 51 funds have purchased shares for the first time while 189 added to their positions. These institutions now hold 243.89 million shares or 1.28% less than the 247.04 million shares they owned in 2015Q2.
The Fund Sol Capital Management Co currently is holding shares equating to 12.63% of its total portfolio in Coach Inc representing a total of 1.13 million shares. Another fund,Greylin Investment Mangement Inc, is holding a total of 850,215 shares equating to 6.82% of their holdings. Additionally, Fort L.P. has a 321,357 share stake in Coach Inc which represents 4.79% of their total portfolio. The Fund, Wedgewood Partners Inc, based out of Missouri, has also built up a stake in the stock, which represents a total of 4.43% of their total portfolio. Finally P.R. Herzig & Co. Inc., a fund which is based in the state of New York reported a total holdings of 54,533 shares.
Insider activity is a very important aspect to track on any stock. Going back to August 17, 2015, shareholders of Coach Inc have witnessed 0 buys, and a total of 1 sale equating to a net activity of approximately $415,611 . Nielsen Jane sold 13,194 shares worth approximately $415,611.
Coach, Inc. is a design house of modern luxury accessories and lifestyle collections. The company has a market cap of $8.62 billion. The Firm operates through three divisions: North America, which includes sales to North American clients through Coach-branded stores (including the Internet) and sales to wholesale customers; International segment, which includes sales to clients through Coach-branded stores (including the Internet) and concession shop-in-shops in Japan and mainland China, Coach-operated stores and concession shop-in-shops in Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Belgium and the Netherlands, as well as sales to wholesale clients and distributors in approximately 45 countries, and Other segment, which consists of sales and expenses generated by the Coach brand in other ancillary channels, including licensing and disposition. It has 22.8 P/E ratio.
According to Zacks Investment Research, “Coach Inc. is a designer, producer and marketer of high-quality, modern, American classic accessories that complement the diverse lifestyles of discerning women and men. The company is one of the best recognized leather goods brands in the U.S. and is enjoying increased recognition in targeted international markets. The company attributes the prominence of the Coach brand to the unique combination of its original American attitude and design, its heritage in fine leather products, its superior product quality and durability and its commitment to customer service.” Get a free copy of the Zacks research report on Coach Inc (COH).