Telsey Advisory Group Upgrades Coach Inc to Outperform

Brokerage firm Telsey Advisory Group Upgrades its rating on Coach Inc(NYSE:COH). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Telsey Advisory Group was issued on Aug 5, 2016.

In a different note, On Jul 27, 2016, Credit Suisse said it Upgrades its rating on Coach Inc. In the research note, the firm Raises the price-target to $42.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jul 18, 2016, Baird said it Upgrades its rating on Coach Inc. The shares have been rated ‘Outperform’ by the firm. On May 17, 2016, Stifel Nicolaus said it Assumes its rating on Coach Inc. The shares have been rated ‘Hold’ by the firm.

Coach Inc (COH) shares turned negative on Wednesdays trading session with the shares closing down -0.23 points or -0.58% at a volume of 34,53,744. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $39.58. The peak price level was also seen at $39.58 while the days lowest was $38.87. Finally the shares closed at $39.22. The 52-week high of the shares is $43.71 while the 52-week low is $27.2199. According to the latest information available, the market cap of the company is $10,904 M.

Coach Inc(COH) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $1.03B. Analysts had an estimated revenue of $1.02B. Earnings per share were $0.44. Analysts had estimated an EPS of $0.41.

Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, Jide James Zeitlin (director) sold 3,206 shares at $37.32 per share price.Also, On May 4, 2016, Susan J Kropf (director) sold 5,330 shares at $40.81 per share price.On Aug 17, 2015, Jane Nielsen (Chief Financial Officer) sold 13,194 shares at $31.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Coach Inc. (Coach) is a design house of modern luxury accessories and lifestyle collections. The Company operates through three segments: North America which includes sales to North American consumers through Coach-branded stores (including the Internet) and sales to wholesale customers; International segment which includes sales to consumers 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 customers 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. Its product offerings include watches footwear scarves and jewelry.

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