Norinchukin Bank The lifted its holdings in Coach, Inc. (NYSE:COH) by 2.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,811 shares of the luxury accessories retailer’s stock after buying an additional 577 shares during the period. Norinchukin Bank The’s holdings in Coach were worth $1,033,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Stratos Wealth Partners LTD. boosted its position in shares of Coach by 0.3% in the second quarter. Stratos Wealth Partners LTD. now owns 10,175 shares of the luxury accessories retailer’s stock worth $482,000 after buying an additional 32 shares during the period. Cleararc Capital Inc. boosted its position in shares of Coach by 0.5% in the first quarter. Cleararc Capital Inc. now owns 6,847 shares of the luxury accessories retailer’s stock worth $283,000 after buying an additional 34 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Coach by 0.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,909 shares of the luxury accessories retailer’s stock worth $451,000 after buying an additional 47 shares during the period. LS Investment Advisors LLC boosted its position in shares of Coach by 0.5% in the second quarter. LS Investment Advisors LLC now owns 10,290 shares of the luxury accessories retailer’s stock worth $487,000 after buying an additional 53 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Coach by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,886 shares of the luxury accessories retailer’s stock worth $989,000 after buying an additional 70 shares during the period. 86.32% of the stock is owned by institutional investors and hedge funds.

COH has been the subject of several recent research reports. Vetr lowered Coach from a “hold” rating to a “sell” rating and set a $45.98 price objective for the company. in a report on Monday, August 7th. UBS AG cut their price objective on Coach from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 17th. MKM Partners initiated coverage on Coach in a report on Monday, July 10th. They set a “buy” rating and a $50.00 price objective for the company. Canaccord Genuity initiated coverage on Coach in a report on Friday, June 30th. They set a “buy” rating and a $59.00 price objective for the company. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $48.00 price objective (down from $52.00) on shares of Coach in a report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. Coach has an average rating of “Buy” and a consensus price target of $48.03.

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

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://www.watchlistnews.com/coach-inc-coh-stake-increased-by-norinchukin-bank-the/1571020.html.

Coach, Inc. (NYSE COH) opened at 41.40 on Monday. Coach, Inc. has a 1-year low of $34.07 and a 1-year high of $48.85. The company has a market cap of $11.70 billion, a PE ratio of 19.81 and a beta of 0.44. The stock has a 50 day moving average of $43.35 and a 200-day moving average of $43.43.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be given a dividend of $0.3375 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.35 annualized dividend and a dividend yield of 3.26%. Coach’s dividend payout ratio is 64.59%.

About Coach

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.

Institutional Ownership by Quarter for Coach (NYSE:COH)

Receive News & Ratings for Coach Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coach Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.