Market Update: Coach Inc (NYSE:COH) – Coach, Inc. Reports Fiscal 2016 Third Quarter Results; Returns to Growth across Key Financial Metrics

[Business Wire] – Coach, Inc. , a leading New York design house of modern luxury accessories and lifestyle brands, today reported third quarter results for the period ended March 26, 2016. Read more on this. Coach, Inc. (COH) , with a current market cap of $11.54B, started the session at $40.50. Looking at the equity, the company’s one day range is $39.06 to $41.69 with the price of the stock fluctuating between $27.22 to $41.69 over the last 52 weeks. Priced at 21.15x this year’s forecasted earnings, COH shares are relatively expensive compared to the industry’s 13.53x forward p/e ratio. The company pays shareholders $1.35 per share in dividend income per year, for a current yield of 3.35%. In a review of the consensus earnings estimate this quarter, 31 sell-side analysts are looking at $0.41 per share, which would be $0.05 better than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $1.90 is a $0.02 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.02 Billion. If realized, that would be a 9.76% increase over the year-ago quarter. More recently, Miller Tabak Initiated COH at Hold (Apr 8, 2016). Previously, BB&T Capital Mkts upgraded COH from Underweight to Hold. When considering if the stock is under or overvalued, the average price target is $40.68, which is 0.44% above where the stock opened this morning. See more in (NYSE:COH) Similar Articles: Company Update (NYSE:COH): Coach, Inc. to Host Third Quarter of Fiscal Year Earnings Call Market Update (NYSE:COH): Coach, Inc. Declares Quarterly Cash Dividend Company Update (NYSE:COH): Coach, Inc. Reports Fiscal 2016 First Quarter Results