Janney Montgomery Scott LLC boosted its stake in shares of Coach, Inc. (NYSE:COH) by 14.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 17,845 shares of the luxury accessories retailer’s stock after buying an additional 2,261 shares during the period. Janney Montgomery Scott LLC’s holdings in Coach were worth $845,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of COH. Tompkins Financial Corp purchased a new position in Coach during the first quarter valued at about $120,000. Winslow Evans & Crocker Inc. boosted its position in Coach by 18.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,616 shares of the luxury accessories retailer’s stock valued at $124,000 after buying an additional 400 shares in the last quarter. NINE MASTS CAPITAL Ltd purchased a new position in Coach during the first quarter valued at about $153,000. NEXT Financial Group Inc boosted its position in Coach by 5.0% in the second quarter. NEXT Financial Group Inc now owns 4,214 shares of the luxury accessories retailer’s stock valued at $199,000 after buying an additional 200 shares in the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in Coach during the first quarter valued at about $201,000. Institutional investors and hedge funds own 88.44% of the company’s stock.

Coach, Inc. (NYSE:COH) opened at 47.92 on Tuesday. The company has a market capitalization of $13.47 billion, a P/E ratio of 25.87 and a beta of 0.45. The stock’s 50 day moving average price is $47.54 and its 200 day moving average price is $42.91. Coach, Inc. has a 52 week low of $34.07 and a 52 week high of $48.85.

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Several equities analysts recently issued reports on the company. UBS AG reiterated a “buy” rating and issued a $55.00 price target (up previously from $49.00) on shares of Coach in a report on Thursday, May 25th. OTR Global upgraded Coach to a “positive” rating in a report on Friday, July 21st. Deutsche Bank AG restated a “hold” rating and set a $40.00 target price (up previously from $39.00) on shares of Coach in a report on Wednesday, May 3rd. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Coach in a report on Tuesday, July 4th. Finally, Piper Jaffray Companies raised their target price on Coach from $47.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $48.28.

In related news, insider Sarah Dunn sold 7,595 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $46.07, for a total transaction of $349,901.65. Following the completion of the sale, the insider now directly owns 74,627 shares of the company’s stock, valued at $3,438,065.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andre Cohen sold 2,988 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $46.06, for a total value of $137,627.28. Following the sale, the insider now directly owns 43,198 shares of the company’s stock, valued at $1,989,699.88. 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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