Stocks of Coach (NYSE:COH) rallied by 2.62% during the past week but lost 0.74% on a 4-week basis. The company has outperformed the S&P 500 by 3.85% in the past week but underperformed the index by 1.65% in the last 4 weeks.
Coach (NYSE:COH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.25 and $38.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.84, notching a gain of 1.44% for the day. The total traded volume was 2,908,278 . The stock had closed at $38.29 on the previous day.
The company shares have rallied 7.47% from its 1 Year high price. On Apr 27, 2016, the shares registered one year high at $42.13 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $39.01 and the 200 Day Moving Average price is recorded at $36.78.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Coach Inc, Zeitlin Jide James had sold 3,206 shares worth of $119,648 in a transaction dated June 14, 2016. In this transaction, 3,206 shares were sold at $37.32 per share.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Stifel Nicolaus assumes its ratings on Coach (NYSE:COH). According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on May 17, 2016. Currently the company Insiders own 0.64% of Coach shares according to the proxy statements. Institutional Investors own 87.69% of Coach shares.
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.