Security National Trust Co. held its position in shares of Coach, Inc. (NYSE:COH) during the second quarter, Holdings Channel reports. The firm owned 8,360 shares of the luxury accessories retailer’s stock at the end of the second quarter. Security National Trust Co.’s holdings in Coach were worth $396,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stratos Wealth Partners LTD. increased 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 in the last quarter. Cleararc Capital Inc. boosted its stake in 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 last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in 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 last quarter. Benedict Financial Advisors Inc. boosted its stake in Coach by 0.6% in the first quarter. Benedict Financial Advisors Inc. now owns 8,403 shares of the luxury accessories retailer’s stock worth $347,000 after buying an additional 49 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its stake in 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 last quarter. Institutional investors and hedge funds own 88.44% of the company’s stock.

Coach, Inc. (NYSE:COH) opened at 40.38 on Friday. The company’s 50-day moving average price is $46.81 and its 200 day moving average price is $42.95. Coach, Inc. has a 52 week low of $34.07 and a 52 week high of $48.85. The company has a market capitalization of $11.37 billion, a price-to-earnings ratio of 19.32 and a beta of 0.45.

Coach (NYSE:COH) last announced its earnings results on Tuesday, August 15th. The luxury accessories retailer reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Coach had a net margin of 13.17% and a return on equity of 21.31%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the firm earned $0.45 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, analysts predict that Coach, Inc. will post $2.39 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be issued a dividend of $0.3375 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.35 annualized dividend and a dividend yield of 3.34%. Coach’s dividend payout ratio is presently 64.59%.

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A number of analysts recently issued reports on COH shares. Vetr cut Coach from a “hold” rating to a “sell” rating and set a $45.98 price objective for the company. in a research report on Monday, August 7th. Instinet reissued a “buy” rating and set a $45.00 price objective (up previously from $40.00) on shares of Coach in a research report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) raised Coach from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $40.00 to $55.00 in a research report on Tuesday, May 9th. Credit Suisse Group reissued an “outperform” rating and set a $55.00 price objective (up previously from $46.00) on shares of Coach in a research report on Monday, May 15th. Finally, Cowen and Company reissued an “outperform” rating and set a $49.00 price objective (up previously from $40.00) on shares of Coach in a research report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have assigned a buy rating to the company. Coach has a consensus rating of “Buy” and a consensus price target of $47.92.

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