Livingston Group Asset Management CO operating as Southport Capital Management boosted its stake in Coach, Inc. (NYSE:COH) by 41.9% during the second quarter, Holdings Channel reports. The firm owned 45,955 shares of the luxury accessories retailer’s stock after buying an additional 13,560 shares during the period. Coach comprises 1.0% of Livingston Group Asset Management CO operating as Southport Capital Management’s investment portfolio, making the stock its 29th largest position. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Coach were worth $2,176,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Coach by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,105,158 shares of the luxury accessories retailer’s stock valued at $38,703,000 after buying an additional 8,380 shares during the period. Franklin Resources Inc. increased its position in Coach by 451.7% in the fourth quarter. Franklin Resources Inc. now owns 65,281 shares of the luxury accessories retailer’s stock valued at $2,286,000 after buying an additional 53,449 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Coach by 7.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,740 shares of the luxury accessories retailer’s stock valued at $341,000 after buying an additional 680 shares during the last quarter. Dodge & Cox bought a new position in Coach during the fourth quarter valued at about $532,034,000. Finally, Ibex Wealth Advisors bought a new position in Coach during the fourth quarter valued at about $102,000. Hedge funds and other institutional investors own 88.15% of the company’s stock.

Coach, Inc. (COH) traded down 0.50% on Tuesday, hitting $47.70. 393,011 shares of the stock traded hands. The company has a market cap of $13.41 billion, a price-to-earnings ratio of 25.76 and a beta of 0.45. Coach, Inc. has a 1-year low of $34.07 and a 1-year high of $48.12. The stock has a 50-day moving average price of $46.15 and a 200 day moving average price of $40.23.

Coach (NYSE:COH) last released its quarterly earnings data on Tuesday, May 2nd. The luxury accessories retailer reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.02. The company had revenue of $995.20 million during the quarter, compared to analyst estimates of $1.02 billion. Coach had a net margin of 11.55% and a return on equity of 21.36%. Coach’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. On average, analysts anticipate that Coach, Inc. will post $2.15 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Friday, June 9th were paid a $0.3375 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $1.35 annualized dividend and a dividend yield of 2.82%. Coach’s dividend payout ratio is currently 72.97%.

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COH has been the topic of several research reports. Piper Jaffray Companies set a $43.00 price objective on shares of Coach and gave the stock a “buy” rating in a report on Monday, March 20th. Vetr upgraded shares of Coach from a “hold” rating to a “buy” rating and set a $41.20 price objective on the stock in a report on Monday, March 20th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Coach in a report on Thursday, April 6th. Royal Bank Of Canada restated a “buy” rating and set a $42.00 price objective on shares of Coach in a report on Monday, April 3rd. Finally, BlueFin Research set a $46.00 price objective on shares of Coach and gave the stock a “buy” rating in a report on Saturday, April 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-four have assigned a buy rating to the stock. Coach currently has an average rating of “Buy” and an average target price of $48.44.

In other Coach news, CAO Todd Kahn sold 19,450 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $45.45, for a total transaction of $884,002.50. Following the completion of the sale, the chief accounting officer now owns 98,343 shares in the company, valued at approximately $4,469,689.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andre Cohen sold 2,988 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $46.06, for a total transaction of $137,627.28. Following the sale, the insider now owns 43,198 shares of the company’s stock, valued at approximately $1,989,699.88. The disclosure for this sale can be found here. Insiders sold a total of 44,359 shares of company stock valued at $2,023,928 in the last quarter. 0.81% of the stock is currently owned by company insiders.

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.

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Institutional Ownership by Quarter for Coach (NYSE:COH)

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