Jupiter Asset Management Ltd buys $90.8 Million stake in Coach Inc (COH)

Coach Inc (COH) : Jupiter Asset Management Ltd scooped up 158,000 additional shares in Coach Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 2,433,492 shares of Coach Inc which is valued at $90.8 Million.Coach Inc makes up approximately 3.84% of Jupiter Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Wellesley Investment Partners boosted its stake in COH in the latest quarter, The investment management firm added 352 additional shares and now holds a total of 16,559 shares of Coach Inc which is valued at $617,651. Coach Inc makes up approx 0.37% of Wellesley Investment Partners’s portfolio. Los Angeles Capital Management Equity Research Inc added COH to its portfolio by purchasing 41,270 company shares during the most recent quarter which is valued at $1.6 Million. Coach Inc makes up approx 0.01% of Los Angeles Capital Management Equity Research Inc’s portfolio. Sandy Spring Bank sold out all of its stake in COH during the most recent quarter. The investment firm sold 84 shares of COH which is valued $3,352.Quantitative Investment Management boosted its stake in COH in the latest quarter, The investment management firm added 60,400 additional shares and now holds a total of 70,800 shares of Coach Inc which is valued at $2.8 Million. Coach Inc makes up approx 0.13% of Quantitative Investment Management’s portfolio.Alexandria Capital boosted its stake in COH in the latest quarter, The investment management firm added 50,322 additional shares and now holds a total of 96,417 shares of Coach Inc which is valued at $3.9 Million. Coach Inc makes up approx 0.70% of Alexandria Capital’s portfolio.

Coach Inc opened for trading at $37.41 and hit $37.95 on the upside on Monday, eventually ending the session at $37.65, with a gain of 0.94% or 0.35 points. The heightened volatility saw the trading volume jump to 35,03,944 shares. Company has a market cap of $10,468 M.

On the company’s financial health, Coach Inc reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.41. The company had revenue of $1033.00 million for the quarter, compared to analysts expectations of $1023.14 million. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on Coach Inc. Coach Inc was Resumed by Stifel to “Hold” on May 17, 2016. Company shares were Reiterated by Topeka Capital Markets on Apr 27, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $47 .Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Outperform”, 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.

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