Capital International Investors maintained its position in shares of Coach, Inc. (NYSE:COH) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 630,000 shares of the luxury accessories retailer’s stock at the close of the second quarter. Capital International Investors owned 0.22% of Coach worth $29,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. increased its position in shares of Coach by 0.3% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 10,175 shares of the luxury accessories retailer’s stock valued at $482,000 after purchasing an additional 32 shares during the last quarter. Cleararc Capital Inc. increased its position in shares of Coach by 0.5% during the 1st quarter. Cleararc Capital Inc. now owns 6,847 shares of the luxury accessories retailer’s stock valued at $283,000 after purchasing an additional 34 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Coach by 0.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,909 shares of the luxury accessories retailer’s stock valued at $451,000 after purchasing an additional 47 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Coach by 0.5% during the 2nd quarter. LS Investment Advisors LLC now owns 10,290 shares of the luxury accessories retailer’s stock valued at $487,000 after purchasing an additional 53 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Coach by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,886 shares of the luxury accessories retailer’s stock valued at $989,000 after purchasing an additional 70 shares during the last quarter. 86.32% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Coach, Inc. (NYSE COH) traded down 1.322% during midday trading on Thursday, hitting $39.195. The company had a trading volume of 847,388 shares. The firm has a market capitalization of $11.08 billion, a PE ratio of 18.754 and a beta of 0.44. The company has a 50-day moving average of $40.78 and a 200 day moving average of $43.58. Coach, Inc. has a 12 month low of $34.07 and a 12 month high of $48.85.

Coach (NYSE:COH) last released its earnings results on Tuesday, August 15th. The luxury accessories retailer reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. Coach had a return on equity of 21.31% and a net margin of 13.17%. Coach’s revenue was down 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.45 earnings per share. On average, analysts expect that Coach, Inc. will post $2.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were issued a $0.3375 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.35 dividend on an annualized basis and a yield of 3.40%. Coach’s dividend payout ratio (DPR) is presently 64.59%.

Several equities analysts have recently weighed in on COH shares. Vetr downgraded Coach from a “hold” rating to a “sell” rating and set a $45.98 target price on the stock. in a research report on Monday, August 7th. UBS AG cut their target price on Coach from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, August 17th. Canaccord Genuity started coverage on Coach in a research report on Friday, June 30th. They set a “buy” rating and a $59.00 target price on the stock. MKM Partners started coverage on Coach in a research report on Monday, July 10th. They set a “buy” rating and a $50.00 target price on the stock. Finally, Cowen and Company reissued a “buy” rating and set a $46.00 target price on shares of Coach in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $47.37.

In related news, CAO Todd Kahn sold 4,586 shares of Coach stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $40.85, for a total value of $187,338.10. Following the completion of the transaction, the chief accounting officer now directly owns 72,412 shares in the company, valued at $2,958,030.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Melinda Brown sold 8,250 shares of Coach stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $41.28, for a total value of $340,560.00. Following the completion of the transaction, the senior vice president now owns 42,884 shares of the company’s stock, valued at $1,770,251.52. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

Coach Company Profile

Coach, Inc (Coach) is a design house of luxury accessories and lifestyle collections. The Company’s product offering uses a range of leathers, fabrics and materials. Its segments include North America, International and Stuart Weitzman. The North America segment includes sales of Coach brand products to North American customers through Coach-operated stores (including the Internet) and sales to North American wholesale customers.

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Institutional Ownership by Quarter for Coach (NYSE:COH)

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