US Bancorp DE cut its position in shares of Coach, Inc. (NYSE:COH) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,548 shares of the luxury accessories retailer’s stock after selling 1,014 shares during the period. US Bancorp DE’s holdings in Coach were worth $1,210,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of COH. Vanguard Group Inc. increased its position in shares of Coach by 5.5% in the first quarter. Vanguard Group Inc. now owns 27,983,084 shares of the luxury accessories retailer’s stock worth $1,156,541,000 after buying an additional 1,464,098 shares during the last quarter. BlackRock Inc. increased its position in shares of Coach by 3,072.2% in the first quarter. BlackRock Inc. now owns 17,674,190 shares of the luxury accessories retailer’s stock worth $730,475,000 after buying an additional 17,117,023 shares during the last quarter. State Street Corp increased its position in shares of Coach by 1.7% in the first quarter. State Street Corp now owns 12,130,432 shares of the luxury accessories retailer’s stock worth $501,354,000 after buying an additional 198,818 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Coach by 19.9% in the first quarter. Ameriprise Financial Inc. now owns 9,122,583 shares of the luxury accessories retailer’s stock worth $377,029,000 after buying an additional 1,514,418 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Coach by 7.5% in the first quarter. Bank of New York Mellon Corp now owns 3,616,312 shares of the luxury accessories retailer’s stock worth $149,463,000 after buying an additional 253,342 shares during the last quarter. Institutional investors own 88.44% of the company’s stock.

Shares of Coach, Inc. (NYSE COH) traded up 1.356% during mid-day trading on Tuesday, reaching $48.215. 1,417,260 shares of the company’s stock traded hands. Coach, Inc. has a 52 week low of $34.07 and a 52 week high of $48.85. The company’s 50 day moving average is $47.31 and its 200-day moving average is $42.21. The firm has a market cap of $13.55 billion, a price-to-earnings ratio of 26.034 and a beta of 0.45.

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COH has been the subject of a number of research reports. BMO Capital Markets set a $42.00 target price on Coach and gave the company a “hold” rating in a research note on Tuesday, May 2nd. Royal Bank Of Canada restated an “outperform” rating and issued a $50.00 target price (up from $45.00) on shares of Coach in a research note on Thursday, June 15th. Nomura restated a “buy” rating and issued a $45.00 target price on shares of Coach in a research note on Tuesday, May 9th. Jefferies Group LLC restated a “buy” rating and issued a $53.00 target price on shares of Coach in a research note on Wednesday, April 19th. Finally, Credit Suisse Group set a $55.00 target price on Coach and gave the company a “buy” rating in a research note on Tuesday, May 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-two have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $48.11.

In other Coach news, CAO Todd Kahn sold 19,450 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $45.45, for a total value of $884,002.50. Following the sale, the chief accounting officer now directly owns 98,343 shares in the company, valued at $4,469,689.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sarah Dunn sold 7,595 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $46.07, for a total transaction of $349,901.65. Following the completion of the sale, the insider now owns 74,627 shares in the company, valued at $3,438,065.89. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,359 shares of company stock worth $2,023,928. Insiders own 0.81% of the company’s stock.

About Coach

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.

Institutional Ownership by Quarter for Coach (NYSE:COH)

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