Coach was Downgraded to a Hold Rating at Jefferies

By Ryan Adsit

Jefferies analyst Randal Konik downgraded Coach (NYSE: COH) to Hold today. The company’s shares closed on Friday at $48.69, close to its 52-week high of $48.85.

According to, Konik is a 1-star analyst with an average return of -0.3% and a 49.7% success rate. Konik covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Eros International, and Abercrombie Fitch.

Coach has an analyst consensus of Strong Buy, with a price target consensus of $53.

Coach’s market cap is currently $13.69B and has a P/E ratio of 26.32. The company has a book value ratio of 4.7328.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2017, Andre Cohen, the Pres N. America of COH sold 10,087 shares for a total of $457,445.

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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.