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Coach Receives 78% ‘Buy’ Ratings from Wall Street Analysts

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Wall Street ratings on Coach

Coach (COH) is covered by 32 Wall Street analysts, who together rate the company a 2.0 on a scale of 1.0 (strong buy) to 5.0 (strong sell). The company received better ratings than handbag peer Michael Kors (KORS) and acquisition target Kate Spade (KATE), which received ratings of 2.9 and 2.4, respectively.

Branded apparel peers PVH Corp. (PVH), V.F. Corporation (VFC), and Ralph Lauren (RL) are rated 2.2, 2.7, and 3.1, respectively. Hanesbrands (HBI), however, has a slightly better rating of 1.9.

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Comparing recommendations

Of the analysts that cover Coach (COH), 78% recommend a “buy” on the stock, 25% recommend holding it, and 3% suggest selling it.

In comparison, only 12% of analysts recommend buying Michael Kors, and 85% recommend holding it.

Coach has a higher “buy” percentage than Ralph Lauren (5%), V.F. Corporation (29%), and Hanesbrands (71%).

Wall Street’s target price for Coach

The average price target by 32 analysts covering Coach (COH) stock is $50.31. Despite rising 35% year-to-date through June 3, 2017, the stock still has an upside of ~6% based on its target price.

Coach’s upside is better than the upside for apparel peers PVH Corp., Ralph Lauren, and Michael Kors, whose stock prices are expected to rise 4.0%, 1.0%, and 3.0%, respectively, over the next 12 months. However, Gap (GPS) and Hanesbrands (HBI) have better upsides of 11% and 12%, respectively.

Investors seeking broad-based exposure to Coach (COH) can choose to invest in the WBI Large Cap Tactical Yield Shares ETF (WBIG). Coach has a weight of 3.7% in WBIG.

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