Coach (COH) Downgraded by HSBC (HBC) to "Neutral"
Friday, June 24, 2021 8:40 AM



Equities research analysts at HSBC (NYSE: HBC) downgraded shares of Coach (NYSE: COH) from an "overweight" rating to a "neutral" rating in a research note to investors on Friday. The analysts currently have a $67.00 price target on the stock, up from $66.00.

Separately, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Coach to $70.00 in a research note to investors on Thursday, June 9th. They now have an "overweight" rating on the stock. Also, analysts at Piper Jaffray (NYSE: PJC) raised their price target on shares of Coach to $73.00 in a research note to investors on Monday, June 6th.

Shares of Coach opened at 60.89 on Monday. Coach has a 52 week low of $33.75 and a 52 week high of $64.43. The stock's 50-day moving average is $60.24 and its 200-day moving average is $56.22. The company has a market cap of $17.877 billion and a price-to-earnings ratio of 21.14.

Coach last announced its quarterly results on Tuesday, April 26th. The company reported $0.62 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.60 EPS by $0.02. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 14.40% on a year-over-year basis. On average, analysts predict that Coach will post $0.69 EPS next quarter.

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.

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