Coach Receives a Buy from Jefferies

By Ryan Adsit

In a report released yesterday, Randal Konik from Jefferies reiterated a Buy rating on Coach (NYSE: COH), with a price target of $53. The company’s shares closed yesterday at $39.52.

According to TipRanks.com, Konik is a 1-star analyst with an average return of -0.9% and a 45.7% success rate. Konik covers the Services sector, focusing on stocks such as Eros International, Abercrombie Fitch, and Acushnet Holdings.

Coach has an analyst consensus of Moderate Buy.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of COH in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Coach, Inc. engages in manufacturing of women’s handbags, belts and retails custom made clothing. Its products include footwear; wearable such as scarves, jackets, gloves, and hats; jewelry such as bracelets, necklaces, rings, and earrings; travel bags which include luggage, travel kits, and valet trays; sunwear; watches; and fragrance which includes eau de perfume spray, eau de toilette spray, purse spray, body lotion, and body splashes. The company operates through three geographical segments: North America, International and Other. Coach was founded by Dawn Hughes in 1941 and is headquartered in New York, NY.