Coach Inc (COH) : P.r. Herzig reduced its stake in Coach Inc by 0.9% during the most recent quarter end. The investment management company now holds a total of 55,183 shares of Coach Inc which is valued at $2,222,771 after selling 500 shares in Coach Inc , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Coach Inc makes up approximately 4.75% of P.r. Herzig’s portfolio.
Coach Inc opened for trading at $40.28 and hit $40.69 on the upside on Friday, eventually ending the session at $40.28, with a gain of 0.73% or 0.29 points. The heightened volatility saw the trading volume jump to 35,33,139 shares. Company has a market cap of $11,186 M.
Other Hedge Funds, Including , Dnb Asset Management As boosted its stake in COH in the latest quarter, The investment management firm added 24,600 additional shares and now holds a total of 35,943 shares of Coach Inc which is valued at $1,401,058. Coach Inc makes up approx 0.03% of Dnb Asset Management As’s portfolio. Eqis Capital Management added COH to its portfolio by purchasing 11,164 company shares during the most recent quarter which is valued at $438,857. Coach Inc makes up approx 0.03% of Eqis Capital Management’s portfolio. Pensionfund Sabic sold out all of its stake in COH during the most recent quarter. The investment firm sold 47,500 shares of COH which is valued $1,867,225.
On the company’s financial health, Coach Inc reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $0.66. The company had revenue of $1273.80 million for the quarter, compared to analysts expectations of $1275.78 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.
Many Wall Street Analysts have commented on Coach Inc. Company shares were Reiterated by Mizuho on Apr 22, 2016 to “Neutral”, Firm has raised the Price Target to $ 40 from a previous price target of $34 .Company shares were Reiterated by Wolfe Research on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 47 from a previous price target of $41 .Company shares were Reiterated by UBS on Apr 19, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $42 .
Coach Inc. (Coach) is a design house of modern luxury accessories and lifestyle collections. The Company operates through three segments: North America which includes sales to North American consumers through Coach-branded stores (including the Internet) and sales to wholesale customers; International segment which includes sales to consumers through Coach-branded stores (including the Internet) and concession shop-in-shops in Japan and mainland China Coach-operated stores and concession shop-in-shops in Hong Kong Macau Singapore Taiwan Malaysia South Korea the United Kingdom France Ireland Spain Portugal Germany Italy Belgium and the Netherlands as well as sales to wholesale customers and distributors in approximately 45 countries and Other segment which consists of sales and expenses generated by the Coach brand in other ancillary channels including licensing and disposition. Its product offerings include watches footwear scarves and jewelry.