Captrust Financial Advisors acquired a new position in shares of Coach, Inc. (NYSE:COH) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,237 shares of the luxury accessories retailer’s stock, valued at approximately $202,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of COH. Dupont Capital Management Corp bought a new stake in shares of Coach during the 2nd quarter worth $118,000. Winslow Evans & Crocker Inc. boosted its holdings in shares of Coach by 18.1% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,616 shares of the luxury accessories retailer’s stock worth $124,000 after buying an additional 400 shares during the period. NINE MASTS CAPITAL Ltd bought a new stake in shares of Coach during the 1st quarter worth $153,000. Seven Eight Capital LP bought a new stake in shares of Coach during the 2nd quarter worth $188,000. Finally, NEXT Financial Group Inc boosted its holdings in shares of Coach by 5.0% during the 2nd quarter. NEXT Financial Group Inc now owns 4,214 shares of the luxury accessories retailer’s stock worth $199,000 after buying an additional 200 shares during the period. 86.35% of the stock is owned by institutional investors and hedge funds.
In other Coach news, SVP Melinda Brown sold 8,250 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $41.28, for a total transaction of $340,560.00. Following the completion of the transaction, the senior vice president now owns 42,884 shares of the company’s stock, valued at $1,770,251.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Todd Kahn sold 4,586 shares of the business’s 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 transaction, the chief accounting officer now directly owns 72,412 shares of the company’s stock, valued at approximately $2,958,030.20. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.
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Several analysts recently issued reports on the stock. Goldman Sachs Group, Inc. (The) raised shares of Coach to a “buy” rating in a report on Saturday, July 1st. Deutsche Bank AG raised shares of Coach to a “buy” rating in a report on Saturday, July 1st. UBS AG reaffirmed a “buy” rating and set a $55.00 price objective (up from $49.00) on shares of Coach in a report on Thursday, May 25th. Royal Bank Of Canada decreased their price objective on shares of Coach from $50.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, August 16th. Finally, Jefferies Group LLC set a $42.00 price objective on shares of Coach and gave the stock a “hold” rating in a report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $48.03.
Shares of Coach, Inc. (COH) opened at 41.40 on Friday. The firm’s 50-day moving average is $43.35 and its 200-day moving average is $43.43. Coach, Inc. has a one year low of $34.07 and a one year high of $48.85. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 19.81 and a beta of 0.44.
Coach (NYSE:COH) last issued 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. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. Coach had a return on equity of 21.31% and a net margin of 13.17%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. Analysts expect that Coach, Inc. will post $2.38 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Thursday, September 7th. Coach’s payout ratio is 64.59%.
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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