Coach Inc (COH) : Argus Investors’ Counsel reduced its stake in Coach Inc by 4.06% during the most recent quarter end. The investment management company now holds a total of 118,050 shares of Coach Inc which is valued at $5,087,955 after selling 5,000 shares in Coach Inc , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Coach Inc makes up approximately 2.07% of Argus Investors’ Counsel’s portfolio.
Other Hedge Funds, Including , Financial Architects Inc boosted its stake in COH in the latest quarter, The investment management firm added 196 additional shares and now holds a total of 296 shares of Coach Inc which is valued at $12,758. Gemmer Asset Management sold out all of its stake in COH during the most recent quarter. The investment firm sold 49 shares of COH which is valued $2,104.Cibc World Markets boosted its stake in COH in the latest quarter, The investment management firm added 1,840 additional shares and now holds a total of 21,732 shares of Coach Inc which is valued at $932,955. Hartford Financial 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 $4,230.
Coach Inc opened for trading at $42.78 and hit $43.42 on the upside on Friday, eventually ending the session at $43.11, with a gain of 0.72% or 0.31 points. The heightened volatility saw the trading volume jump to 48,87,031 shares. Company has a market cap of $11,986 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 Upgraded by Credit Suisse to ” Outperform” on Jul 27, 2016. Company shares were Upgraded by Robert W. Baird on Jul 18, 2016 to ” Outperform”, Firm has raised the Price Target to $ 50 from a previous price target of $45 .Coach Inc was Resumed by Stifel to “Hold” on May 17, 2016.
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.