The recent close of $59.45 is approximately 112% above the fair value buy target for the stock and approximately 3% above the fair value close target for the stock. The recent close is also 9% below analysts' twelve-month $65.00 median price target for the stock.
The recent close represents a 12% increase in price since the last baseline equity review was conducted in January of 2011.
The stock currently has a trailing twelve-month PE Ratio of 15, and a PEG Ratio of 1.3 basis estimated forward earnings growth of 11%.
In the past 52 weeks, share prices have moved between a high of $63.24 and a low of $48.87, placing equilibrium at $56.59.
Basis the recent close, the stock is trading 6% below the 52 week high, 23% above the 52 week low, 5% above equilibrium, and has an average daily trading volume of approximately 3.2 million shares.
Coach, Inc. engages in the design, marketing, and distribution of handbags, accessories, wearables, footwear, jewelry, sunwear, travel bags, watches, and fragrances for women and men in the United States and internationally.
The company's competitors include The Gap, Inc., L Brands, Inc, VF Corporation, Ralph Lauren Corporation, and Guess?, Inc..
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending June 30, 2012. All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in the company mentioned in this alert.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.