Stock Update: Coach Inc (NYSE:COH) – Coach, Inc. Declares Quarterly Cash Dividend

[Business Wire] – Coach, Inc. , a leading New York design house of modern luxury accessories and lifestyle brands, today announced that its Board of Directors has declared a quarterly cash dividend of $0.3375 per common share. Read more on this. Coach, Inc. (COH) , currently valued at $10.48B, began trading this morning at $37.73. Today’s price range has been between $37.36 and $37.75 per share with a trailing 52-week range being $27.22 to $42.13. Coach (COH) shares are currently priced at 19.63x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 4.76x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.35 per share annually in dividends, yielding 3.62%. According to a consensus of 32 analysts, the earnings estimate of $0.41 per share would be $0.10 better than the year-ago quarter and a $0.01 sequential increase. Investors should also note that the full-year EPS estimate of $1.93 is a $0.01 improvement 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 $1.16 Billion. If realized, that would be a 16.00% increase over the year-ago quarter. In terms of ratings, Miller Tabak Initiated COH at Hold (Apr 8, 2016). Previously, BB&T Capital Mkts upgraded COH from Underweight to Hold. The average price target for COH shares is $43.00, which is 13.97% above where the stock opened this morning. See more in (NYSE:COH) Similar Articles: Market Update: Coach Inc (NYSE:COH) – Coach, Inc. Reports Fiscal 2016 Third Quarter Results; Returns to Growth across Key Financial Metrics Company Update (NYSE:COH): Coach, Inc. to Host Third Quarter of Fiscal Year Earnings Call Stock Update (NYSE:COH): Technical Coverage on Textile – Apparel Footwear & Accessories Equities — NIKE Inc., Coach, Skechers U.S.A., and Foot Locker