Chevy Chase Trust Holdings Inc. lowered its stake in shares of Coach Inc. (NYSE:COH) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,233 shares of the luxury accessories retailer’s stock after selling 4,355 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.08% of Coach worth $8,564,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Ardevora Asset Management LLP raised its position in Coach by 14.0% in the second quarter. Ardevora Asset Management LLP now owns 536,100 shares of the luxury accessories retailer’s stock valued at $21,841,000 after buying an additional 65,900 shares during the period. Alps Advisors Inc. raised its position in Coach by 26.1% in the second quarter. Alps Advisors Inc. now owns 695,886 shares of the luxury accessories retailer’s stock worth $28,350,000 after buying an additional 144,148 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Coach by 79.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 361,262 shares of the luxury accessories retailer’s stock worth $14,718,000 after buying an additional 159,992 shares during the last quarter. Greylin Investment Mangement Inc. raised its position in Coach by 5.2% in the second quarter. Greylin Investment Mangement Inc. now owns 737,030 shares of the luxury accessories retailer’s stock worth $30,027,000 after buying an additional 36,430 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Coach by 378.1% in the second quarter. Daiwa Securities Group Inc. now owns 54,500 shares of the luxury accessories retailer’s stock worth $2,219,000 after buying an additional 43,100 shares during the last quarter. Institutional investors own 88.02% of the company’s stock.

Institutional Ownership by Quarter for Coach (NYSE:COH)

Shares of Coach Inc. (NYSE:COH) traded down 1.36% during midday trading on Monday, reaching $37.83. 2,196,456 shares of the company traded hands. The company has a 50-day moving average of $36.50 and a 200 day moving average of $38.55. Coach Inc. has a 12-month low of $29.66 and a 12-month high of $43.71. The firm has a market capitalization of $10.61 billion, a PE ratio of 21.99 and a beta of 0.58.

Coach (NYSE:COH) last announced its earnings results on Tuesday, November 1st. The luxury accessories retailer reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. Coach had a net margin of 10.70% and a return on equity of 21.30%. The business earned $1.04 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm earned $0.41 earnings per share. Coach’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts forecast that Coach Inc. will post $2.14 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Friday, December 9th will be paid a $0.3375 dividend. This represents a $1.35 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Wednesday, December 7th. Coach’s dividend payout ratio (DPR) is currently 78.49%.

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A number of research firms have recently commented on COH. Vetr lowered Coach from a “strong-buy” rating to a “buy” rating and set a $42.82 price objective on the stock. in a research note on Tuesday, November 22nd. Stifel Nicolaus reiterated a “hold” rating and issued a $38.00 price objective on shares of Coach in a research note on Tuesday, November 1st. Oppenheimer Holdings Inc. set a $50.00 price objective on Coach and gave the stock a “buy” rating in a research note on Friday, October 21st. OTR Global lowered Coach to a “positive” rating in a research note on Thursday, October 13th. Finally, Wells Fargo & Co. reiterated an “outperform” rating and issued a $47.00 price objective on shares of Coach in a research note on Wednesday, October 5th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twenty-one have issued a buy rating to the company. Coach currently has an average rating of “Hold” and an average price target of $42.13.

Coach Company Profile

Coach, Inc (Coach) is a design house of luxury accessories and lifestyle collections. The Company’s product offering uses a range of leathers, fabrics and materials. Its segments include North America, International and Stuart Weitzman. The North America segment includes sales of Coach brand products to North American customers through Coach-operated stores (including the Internet) and sales to North American wholesale customers.

5 Day Chart for NYSE:COH

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