Shell Asset Management Co. decreased its position in Coach, Inc. (NYSE:COH) by 4.7% during the second quarter, Holdings Channel reports. The firm owned 17,809 shares of the luxury accessories retailer’s stock after selling 881 shares during the period. Shell Asset Management Co.’s holdings in Coach were worth $843,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Cullinan Associates Inc. increased its stake in Coach by 2.7% in the first quarter. Cullinan Associates Inc. now owns 99,700 shares of the luxury accessories retailer’s stock worth $4,121,000 after buying an additional 2,600 shares during the period. CWM LLC increased its stake in Coach by 104.1% in the first quarter. CWM LLC now owns 128,720 shares of the luxury accessories retailer’s stock worth $5,320,000 after buying an additional 65,659 shares during the period. CAPROCK Group Inc. increased its stake in Coach by 5.8% in the first quarter. CAPROCK Group Inc. now owns 19,903 shares of the luxury accessories retailer’s stock worth $823,000 after buying an additional 1,096 shares during the period. Teza Capital Management LLC purchased a new stake in Coach during the first quarter worth $771,000. Finally, Scopus Asset Management L.P. increased its stake in Coach by 53.9% in the first quarter. Scopus Asset Management L.P. now owns 1,700,000 shares of the luxury accessories retailer’s stock worth $70,261,000 after buying an additional 595,300 shares during the period. 88.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of Coach, Inc. (NYSE COH) opened at 47.09 on Friday. The firm’s 50-day moving average is $47.48 and its 200-day moving average is $42.65. Coach, Inc. has a 12-month low of $34.07 and a 12-month high of $48.85. The firm has a market cap of $13.24 billion, a price-to-earnings ratio of 25.43 and a beta of 0.45.

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A number of brokerages have commented on COH. Vetr cut shares of Coach from a “hold” rating to a “sell” rating and set a $45.98 price target for the company. in a research note on Monday. Instinet restated a “buy” rating and set a $45.00 price target (up previously from $40.00) on shares of Coach in a research note on Wednesday, May 3rd. BMO Capital Markets restated a “hold” rating and set a $39.00 price target on shares of Coach in a research note on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) upgraded shares of Coach from a “neutral” rating to a “buy” rating and raised their price target for the stock from $40.00 to $55.00 in a research note on Tuesday, May 9th. Finally, Credit Suisse Group restated an “outperform” rating and set a $55.00 price target (up previously from $46.00) on shares of Coach in a research note on Monday, May 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-one have given a buy rating to the company. Coach has an average rating of “Buy” and an average price target 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 shares were sold at an average price of $46.07, for a total value of $349,901.65. Following the completion of the transaction, the insider now owns 74,627 shares of the company’s stock, valued at approximately $3,438,065.89. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 transaction of $137,627.28. Following the completion of the transaction, the insider now directly 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. 0.81% of the stock is owned by corporate 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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