Carl Domino Inc lowered its position in Coach, Inc. (NYSE:COH) by 5.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,318 shares of the luxury accessories retailer’s stock after selling 1,860 shares during the period. Coach accounts for approximately 1.7% of Carl Domino Inc’s portfolio, making the stock its 15th largest position. Carl Domino Inc’s holdings in Coach were worth $1,435,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its stake in Coach by 7.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,740 shares of the luxury accessories retailer’s stock worth $341,000 after buying an additional 680 shares in the last quarter. Ibex Wealth Advisors acquired a new stake in Coach during the fourth quarter worth approximately $102,000. Teachers Advisors LLC raised its stake in Coach by 6.2% in the fourth quarter. Teachers Advisors LLC now owns 343,688 shares of the luxury accessories retailer’s stock worth $12,036,000 after buying an additional 20,128 shares in the last quarter. Kentucky Retirement Systems acquired a new stake in Coach during the fourth quarter worth approximately $712,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Coach during the fourth quarter worth approximately $318,000. 88.44% of the stock is currently owned by institutional investors.
Coach, Inc. (COH) traded up 0.98% during trading on Friday, hitting $47.55. The stock had a trading volume of 2,707,681 shares. Coach, Inc. has a 52 week low of $34.07 and a 52 week high of $48.85. The stock has a market capitalization of $13.37 billion, a P/E ratio of 25.67 and a beta of 0.45. The company has a 50-day moving average of $47.51 and a 200-day moving average of $42.74.
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A number of equities research analysts recently issued reports on COH shares. BMO Capital Markets reissued a “hold” rating and issued a $39.00 target price on shares of Coach in a research report on Tuesday, April 18th. Jefferies Group LLC reissued a “buy” rating and issued a $53.00 target price on shares of Coach in a research report on Wednesday, April 19th. Deutsche Bank AG dropped their target price on Coach from $43.00 to $39.00 and set a “hold” rating on the stock in a research report on Tuesday, April 25th. UBS AG reissued a “buy” rating and issued a $47.00 target price on shares of Coach in a research report on Wednesday, April 26th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $47.00 target price on shares of Coach in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $48.28.
In other news, insider Andre Cohen sold 2,988 shares of Coach stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $46.06, for a total value of $137,627.28. Following the transaction, the insider now owns 43,198 shares in the company, valued at $1,989,699.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Sarah Dunn sold 7,595 shares of Coach stock in a transaction dated Wednesday, May 24th. The stock was 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 in the company, valued at approximately $3,438,065.89. The disclosure for this sale can be found here. Company 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.
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