Sol Capital Management Co buys $45,655,005 stake in Coach Inc (COH)

Coach Inc (COH) : Sol Capital Management Co scooped up 13,540 additional shares in Coach Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 1,143,949 shares of Coach Inc which is valued at $45,655,005.Coach Inc makes up approximately 14.42% of Sol Capital Management Co’s portfolio.

Coach Inc opened for trading at $39.58 and hit $39.99 on the upside on Friday, eventually ending the session at $39.91, with a gain of 0.73% or 0.29 points. The heightened volatility saw the trading volume jump to 28,81,505 shares. Company has a market cap of $11,096 M.

Other Hedge Funds, Including , Oxbow Advisors sold out all of its stake in COH during the most recent quarter. The investment firm sold 27,855 shares of COH which is valued $1,111,693.Wright Investors Service Inc boosted its stake in COH in the latest quarter, The investment management firm added 4,770 additional shares and now holds a total of 21,195 shares of Coach Inc which is valued at $853,523. Coach Inc makes up approx 0.34% of Wright Investors Service Inc’s portfolio.Calamos Advisors boosted its stake in COH in the latest quarter, The investment management firm added 3,642 additional shares and now holds a total of 58,405 shares of Coach Inc which is valued at $2,351,969. Coach Inc makes up approx 0.02% of Calamos Advisors’s portfolio. Curian Capital sold out all of its stake in COH during the most recent quarter. The investment firm sold 227,677 shares of COH which is valued $9,168,553. Horrell Capital Management sold out all of its stake in COH during the most recent quarter. The investment firm sold 100 shares of COH which is valued $4,028.

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. 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 .Company shares were Reiterated by UBS on Apr 27, 2016 to “Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $46 .

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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