After Today’s Bullish Options Activity, Is Coach Inc’s Near-Term Analysis Positive?

 After Today's Bullish Options Activity, Is Coach Inc's Near Term Analysis Positive?

In today’s session Coach Inc (COH) registered an unusually high (47) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious COH increase. With 47 contracts traded and 9964 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: COH170120C00037000 closed last at: $2.05 or 4.7% down. About 712,936 shares traded hands. Coach Inc (NYSE:COH) has declined 9.63% since April 26, 2016 and is downtrending. It has underperformed by 14.89% the S&P500.

Analysts await Coach Inc (NYSE:COH) to report earnings on January, 24. They expect $0.74 EPS, up 8.82% or $0.06 from last year’s $0.68 per share. COH’s profit will be $204.74 million for 12.82 P/E if the $0.74 EPS becomes a reality. After $0.45 actual EPS reported by Coach Inc for the previous quarter, Wall Street now forecasts 64.44% EPS growth.

Coach Inc (NYSE:COH) Ratings Coverage

Out of 28 analysts covering Coach Inc. (NYSE:COH), 17 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 61% are positive. Coach Inc. has been the topic of 46 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Friday, July 31 the stock rating was maintained by Mizuho with “Neutral”. The rating was upgraded by Piper Jaffray on Monday, December 14 to “Overweight”. The rating was upgraded by BB&T Capital on Monday, January 4 to “Hold”. The firm has “Overweight” rating by Barclays Capital given on Wednesday, August 5. The rating was initiated by CLSA on Thursday, September 29 with “Buy”. Morgan Stanley downgraded the shares of COH in a report on Wednesday, September 14 to “Underweight” rating. The firm has “Outperform” rating by Telsey Advisory Group given on Friday, August 5. On Friday, September 30 the stock rating was initiated by Guggenheim with “Buy”. Robert W. Baird upgraded the shares of COH in a report on Monday, July 18 to “Outperform” rating. The rating was reinitiated by Stifel Nicolaus on Tuesday, May 17 with “Hold”.

According to Zacks Investment Research, “Coach Inc. is a designer, producer and marketer of high-quality, modern, American classic accessories that complement the diverse lifestyles of discerning women and men. The company is one of the best recognized leather goods brands in the U.S. and is enjoying increased recognition in targeted international markets. The company attributes the prominence of the Coach brand to the unique combination of its original American attitude and design, its heritage in fine leather products, its superior product quality and durability and its commitment to customer service.”

Insitutional Activity: The institutional sentiment increased to 1.12 in 2016 Q2. Its up 0.15, from 0.97 in 2016Q1. The ratio improved, as 61 funds sold all Coach Inc shares owned while 179 reduced positions. 49 funds bought stakes while 183 increased positions. They now own 243.72 million shares or 0.95% more from 241.43 million shares in 2016Q1.
Conning holds 6,456 shares or 0.01% of its portfolio. Cramer Rosenthal Mcglynn Limited Liability Company holds 0.15% or 228,510 shares in its portfolio. California State Teachers Retirement accumulated 603,952 shares or 0.05% of the stock. Bridges Investment reported 5,800 shares or 0.03% of all its holdings. Iberiabank holds 73,479 shares or 1.34% of its portfolio. Guardian Life Insurance Communication Of America last reported 0% of its portfolio in the stock. Livingston Asset Mgmt (Operating As Southport Capital Management) accumulated 0.49% or 21,385 shares. Dekabank Deutsche Girozentrale holds 0.03% of its portfolio in Coach Inc (NYSE:COH) for 56,076 shares. Department Mb Bancshares N A has 0% invested in the company for 322 shares. Service Automobile Association accumulated 0.01% or 85,915 shares. Callahan Advsr Ltd, a Texas-based fund reported 12,100 shares. Moreover, Janney Montgomery Scott Limited has 0.01% invested in Coach Inc (NYSE:COH) for 24,092 shares. Carroll Financial Associate has 0.07% invested in the company for 9,819 shares. Moreover, Northern Tru has 0.04% invested in Coach Inc (NYSE:COH) for 3.24M shares. Moreover, Edge Wealth Mngmt Limited Liability Corp has 0.01% invested in Coach Inc (NYSE:COH) for 500 shares.

Insider Transactions: Since June 14, 2016, the stock had 0 insider buys, and 1 insider sale for $119,648 net activity. Zeitlin Jide James had sold 3,206 shares worth $119,648 on Tuesday, June 14.

Coach, Inc. is a design house of luxury accessories and lifestyle collections. The company has a market cap of $10.50 billion. The Company’s product offering uses a range of leathers, fabrics and materials. It has a 22.07 P/E ratio. The Company’s divisions include North America, International and Stuart Weitzman.

COH Company Profile

Coach, Inc. (Coach), incorporated on June 1, 2000, is a design house of luxury accessories and lifestyle collections. The Company’s product offering uses a range of leathers, fabrics and materials. The Company’s divisions include North America, International and Stuart Weitzman. The North America segment includes sales of Coach brand products to North American clients through Coach-operated stores (including the Internet) and sales to North American wholesale customers. The International segment includes sales to clients through Coach-branded stores and concession shop-in-shops in Japan, mainland China, Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Austria, Belgium, the Netherlands and Switzerland. The Stuart Weitzman segment includes sales across the world generated by the Stuart Weitzman brand, primarily through department stores in North America and international locations, and within Stuart Weitzman operated stores (including the Internet) in the United States, Canada and Europe.

Another recent and important Coach Inc (NYSE:COH) news was published by Fool.com which published an article titled: “Coach Inc. Posts Steady Sales Growth and Rising Profitability” on November 01, 2016.

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