Guggenheim Securities Initiates Coverage on Coach Inc to Buy

Guggenheim Securities Initiates Coverage on Coach Inc(NYSE:COH). The shares have been rated Buy. The rating by Guggenheim Securities was issued on Sep 30, 2016.

In a different note, CLSA said it Initiates Coverage on Coach Inc, according to a research note issued on Sep 28, 2016. The shares have been rated ‘Buy’ by the firm. On Sep 14, 2016, Morgan Stanley said it Downgrades its rating on Coach Inc. The shares have been rated ‘Underweight’ by the firm. On Aug 10, 2016, UBS said it Maintains its rating on Coach Inc. In the research note, the firm Lowers the price-target to $48.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 10, 2016, Bank of America said it Upgrades its rating on Coach Inc. The shares have been rated ‘Neutral’ by the firm. On Aug 5, 2016, Telsey Advisory Group said it Upgrades its rating on Coach Inc. The shares have been rated ‘Outperform’ by the firm. 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.

Coach Inc (COH) made into the market gainers list on Tuesdays trading session with the shares advancing 0.63% or 0.23 points. Due to strong positive momentum, the stock ended at $36.77, which is also near the day’s high of $36.82. The stock began the session at $36.48 and the volume stood at 26,15,796 shares. The 52-week high of the shares is $43.71 and the 52 week low is $28.7. The company has a current market capitalization of $10,257 M and it has 27,89,42,860 shares in outstanding.

Coach Inc(COH) last announced its earnings results on Aug 9, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $1.16B. Analysts had an estimated revenue of $1.16B. Earnings per share were $0.45. Analysts had estimated an EPS of $0.40.

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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