Coach Inc (COH) : Pensionfund Dsm Netherlands has sold out all of its stake in Coach Inc during the most recent quarter, according to a report filed by the company on Apr 4, 2016 with the SEC. The investment management company has sold out 105,900 shares of Coach Inc which is valued at $4.2 Million.
Other Hedge Funds, Including , 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 $1.9 Million.
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. Miller Tabak Initiated Coach Inc on Apr 8, 2016 to “Hold”, Price Target of the shares are set at $35.Company shares were Reiterated by Piper Jaffray on Mar 4, 2016 to “Overweight”, Firm has raised the Price Target to $ 42 from a previous price target of $38 .Wolfe Research Upgraded Coach Inc on Jan 27, 2016 to ” Outperform”, Price Target of the shares are set at $41.
Coach Inc opened for trading at $39.08 and hit $39.58 on the upside on Monday, eventually ending the session at $39.31, with a gain of 0.87% or 0.34 points. The heightened volatility saw the trading volume jump to 46,36,928 shares. Company has a market cap of $10,916 M.
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.