KBC Group NV raised its stake in shares of Coach, Inc. (NYSE:COH) by 36.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,811 shares of the luxury accessories retailer’s stock after buying an additional 10,300 shares during the period. KBC Group NV’s holdings in Coach were worth $1,837,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of COH. 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 valued at $482,000 after buying an additional 32 shares in the last quarter. 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 valued at $283,000 after buying an additional 34 shares in the last quarter. 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 valued at $451,000 after buying an additional 47 shares in the last quarter. 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 valued at $487,000 after buying an additional 53 shares in the last quarter. Finally, Blair William & Co. IL boosted its position in shares of Coach by 0.9% in the first quarter. Blair William & Co. IL now owns 8,483 shares of the luxury accessories retailer’s stock valued at $331,000 after buying an additional 75 shares in the last quarter. 86.34% of the stock is owned by institutional investors.

Shares of Coach, Inc. (NYSE:COH) opened at 41.90 on Tuesday. The stock has a 50 day moving average of $45.99 and a 200 day moving average of $43.10. The stock has a market cap of $11.84 billion, a P/E ratio of 20.05 and a beta of 0.45. Coach, Inc. has a one year low of $34.07 and a one year high of $48.85.

Coach (NYSE:COH) last released its quarterly 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. Coach had a return on equity of 21.31% and a net margin of 13.17%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the business posted $0.45 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. Equities analysts expect that Coach, Inc. will post $2.38 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be issued a $0.3375 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 3.22%. Coach’s dividend payout ratio is 64.59%.

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Several equities analysts have commented on the stock. Credit Suisse Group set a $55.00 price target on shares of Coach and gave the company a “buy” rating in a research report on Tuesday, May 9th. UBS AG reissued a “buy” rating and issued a $49.00 price target on shares of Coach in a research report on Monday, May 15th. Goldman Sachs Group, Inc. (The) raised shares of Coach to a “buy” rating in a research report on Saturday, July 1st. Deutsche Bank AG raised shares of Coach to a “buy” rating in a research report on Saturday, July 1st. Finally, Jefferies Group LLC set a $42.00 price target on shares of Coach and gave the company a “hold” rating in a research report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have given a buy rating to the stock. Coach has a consensus rating of “Buy” and a consensus price target of $47.92.

In related news, CAO Todd Kahn sold 4,586 shares of Coach stock in a transaction dated 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 of the company’s stock, valued at $2,958,030.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.

Institutional Ownership by Quarter for Coach (NYSE:COH)

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