Coach (COH) Gains Nearly 10% Following Solid Results; Moves Above 200 Day MA
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Piper Jaffray Raises Price target on Coach (COH) Following a 2Q Beat.
January 28, 2016 8:42 AM ESTPiper Jaffray reiterated an Overweight rating on Coach (NYSE: COH), and raised the price target to $38.00 (from $37.00), following the company's 2Q earnings report. The company met expectations for a (4%) North American retail comp and reiterated its top-line and operating margin guidance for the full-year. During the quarter, while Coach... More
Coach (COH) Tops Q2 EPS by 1c; Boosts FY16 Op. Income Outlook
January 26, 2016 6:46 AM ESTCoach (NYSE: COH) reported Q2 EPS of $0.68, $0.01 better than the analyst estimate of $0.67. Revenue for the quarter came in at $1.27 billion versus the consensus estimate of $1.28 billion.
Fiscal Year 2016 Outlook:
The Company is maintaining its Fiscal 2016 constant currency revenue growth and operating margin guidance for the Coach brand, while raising its consolidated operating income outlook based on second quarter results.
Coach brand revenues for Fiscal 2016 are still expected to increase by low-single digits in constant currency on a 52-week basis. However, based on current exchange rates,... More
