Dumont Blake Investment Advisors Lowers stake in Coach Inc (COH)

Coach Inc (COH) : Dumont Blake Investment Advisors reduced its stake in Coach Inc by 2.44% during the most recent quarter end. The investment management company now holds a total of 25,023 shares of Coach Inc which is valued at $1,044,710 after selling 625 shares in Coach Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Coach Inc makes up approximately 0.51% of Dumont Blake Investment Advisors’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in COH in the latest quarter, The investment management firm added 16,217 additional shares and now holds a total of 73,476 shares of Coach Inc which is valued at $3,067,623. Coach Inc makes up approx 0.08% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Anchor Capital Advisors reduced its stake in COH by selling 89,700 shares or 90.61% in the most recent quarter. The Hedge Fund company now holds 9,300 shares of COH which is valued at $388,275. Coach Inc makes up approx 0.01% of Anchor Capital Advisors’s portfolio.Calamos Advisors boosted its stake in COH in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 58,427 shares of Coach Inc which is valued at $2,518,204. Coach Inc makes up approx 0.02% of Calamos Advisors’s portfolio.Salient Trust Co Lta boosted its stake in COH in the latest quarter, The investment management firm added 3,420 additional shares and now holds a total of 48,978 shares of Coach Inc which is valued at $2,108,013. Coach Inc makes up approx 0.22% of Salient Trust Co Lta’s portfolio.

Coach Inc closed down -0.58 points or -1.38% at $41.45 with 93,43,050 shares getting traded on Monday. Post opening the session at $42.16, the shares hit an intraday low of $41.23 and an intraday high of $42.24 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

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