Coach Inc (NYSE:COH) shares were down -2.17% on Thursday when approximately 4.77M shares were traded, against the average daily trading volume of 3.44M. Analysts at Credit Agricole recently upgraded the stock to Underperform from Buy. Coach Inc (NYSE:COH) has a consensus Strong buy rating, according to Zacks Investment Research. 1 analyst has rated the stock with a sell rating, 7 have assigned a hold rating, 2 says it’s a buy, and 13 have assigned a strong buy rating to the company.
Analysts have a consensus target price of $42.49 in the 12-month period. The price objective is 14.87% higher than the recent closing price of $36.99. The 52-week price range is $31.82-$42.94 and the company has a market capitalization of $10.37 billion.
Coach, Inc. provides luxury accessories and lifestyle brands. It offers handbags, money pieces, wristlets and cosmetic cases, key rings, and charms for women; and business cases, computer bags, messenger-style bags, backpacks, totes, wallets, card cases, belts, time management, electronic accessories, and ready-to-wear for men. The company also provides footwear; seasonal lifestyle apparel collections, including outerwear and ready-to-wear, and cold weather accessories, such as gloves, scarves, and hats; jewelry consisting of bracelets, necklaces, rings, and earrings made with sterling silver, leather, and non-precious metals; sunglasses; watches; and fragrances comprising eau de perfume sprays, eau de toilette sprays, purse sprays, and body lotions. In addition, it offers weekend and travel accessories, travel bags, and other lifestyle products. Further, the company holds licensing rights to market and distribute footwear, eyewear, watches, and fragrances under the Coach brand name. It markets its products to consumers through a network of company-operated stores, including Internet in North America; and Coach-operated stores and concession shop-in-shops in Japan, Mainland China, Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Austria, Belgium, the Netherlands, and Switzerland. The company also sells its products to wholesale customers and distributors in approximately 55 countries. As of July 2, 2016, it operated 228 Coach retail stores and 204 Coach outlet leased stores; and 522 Coach-operated concession shop-in-shops within department stores, retail, and outlet stores, as well as 75 Stuart Weitzman stores. Coach, Inc. was founded in 1941 and is headquartered in New York, New York.
