Santa Fe Partners adds Coach Inc (COH) to its portfolio

Coach Inc (COH) : Santa Fe Partners added new position in Coach Inc during the most recent quarter end. The investment management firm now holds 93,109 shares of Coach Inc which is valued at $3,629,389 , the company said in a statement filed on Apr 13, 2016 with the SEC.Coach Inc makes up approximately 0.59% of Santa Fe Partners’s portfolio.

Coach Inc opened for trading at $38.78 and hit $39.67 on the upside on Monday, eventually ending the session at $39.64, with a gain of 1.69% or 0.66 points. The heightened volatility saw the trading volume jump to 24,92,609 shares. Company has a market cap of $11,008 M.

Other Hedge Funds, Including , Independent Portfolio Consultants reduced its stake in COH by selling 235 shares or 13.31% in the most recent quarter. The Hedge Fund company now holds 1,531 shares of COH which is valued at $59,678. Coach Inc makes up approx 0.02% of Independent Portfolio Consultants’s portfolio. Integral Derivatives sold out all of its stake in COH during the most recent quarter. The investment firm sold 22,968 shares of COH which is valued $895,293.Greylin Investment Mangement Inc reduced its stake in COH by selling 2,355 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 700,600 shares of COH which is valued at $27,540,586. Coach Inc makes up approx 6.48% of Greylin Investment Mangement Inc’s portfolio.Charter Trust Co reduced its stake in COH by selling 1,220 shares or 3.35% in the most recent quarter. The Hedge Fund company now holds 35,156 shares of COH which is valued at $1,381,982. Coach Inc makes up approx 0.17% of Charter Trust Co’s portfolio.

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. (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.

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