Coach Gets a Hold from BMO Capital

By Jason Carr

BMO Capital analyst John Morris reiterated a Hold rating on Coach (NYSE: COH) yesterday and set a price target of $39. The company’s shares opened today at $39.43.

According to, Morris is a 1-star analyst with an average return of -2.6% and a 44.4% success rate. Morris covers the Services sector, focusing on stocks such as Duluth Holdings Inc, Abercrombie Fitch, and Burlington Stores.

Coach has an analyst consensus of Moderate Buy.

Coach’s market cap is currently $11.15B and has a P/E ratio of 21.82. The company has a book value ratio of 3.9648.

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.

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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.