Nordea Investment Management AB raised its position in shares of Coach Inc. (NYSE:COH) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 233,110 shares of the luxury accessories retailer’s stock after buying an additional 2,806 shares during the period. Nordea Investment Management AB’s holdings in Coach were worth $9,497,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the stock. Americafirst Capital Management LLC acquired a new stake in shares of Coach during the second quarter worth $140,000. NEXT Financial Group Inc increased its stake in shares of Coach by 23.2% in the second quarter. NEXT Financial Group Inc now owns 4,764 shares of the luxury accessories retailer’s stock worth $194,000 after buying an additional 897 shares during the last quarter. Conning Inc. increased its stake in shares of Coach by 0.3% in the second quarter. Conning Inc. now owns 6,456 shares of the luxury accessories retailer’s stock worth $263,000 after buying an additional 20 shares during the last quarter. City Holding Co. increased its stake in shares of Coach by 8.8% in the second quarter. City Holding Co. now owns 7,072 shares of the luxury accessories retailer’s stock worth $288,000 after buying an additional 572 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Coach during the first quarter worth $349,000. 89.38% of the stock is owned by institutional investors.
Shares of Coach Inc. (NYSE:COH) traded down 2.73% during trading on Monday, reaching $34.88. The company’s stock had a trading volume of 6,458,055 shares. The company’s 50 day moving average price is $36.76 and its 200 day moving average price is $39.31. The firm has a market cap of $9.73 billion, a PE ratio of 21.14 and a beta of 0.90. Coach Inc. has a 12 month low of $28.70 and a 12 month high of $43.71.
Coach (NYSE:COH) last released its earnings results on Tuesday, August 9th. The luxury accessories retailer reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The firm earned $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. Coach had a return on equity of 21.32% and a net margin of 10.25%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS. On average, equities analysts predict that Coach Inc. will post $2.16 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 12th were given a dividend of $0.3375 per share. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 3.87%. Coach’s payout ratio is 81.82%.
COH has been the subject of a number of research analyst reports. Jefferies Group reissued a “buy” rating and issued a $53.00 price target on shares of Coach in a report on Wednesday, August 3rd. Zacks Investment Research upgraded Coach from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, June 29th. Vetr downgraded Coach from a “strong-buy” rating to a “buy” rating and set a $48.50 price objective on the stock. in a report on Tuesday, August 2nd. TheStreet upgraded Coach from a “hold” rating to a “buy” rating in a report on Tuesday, August 9th. Finally, Piper Jaffray Cos. set a $46.00 price objective on Coach and gave the stock a “buy” rating in a report on Monday, September 19th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $42.13.
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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