Twin Capital Management Inc. increased its position in Coach, Inc. (NYSE:COH) by 10.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 105,380 shares of the luxury accessories retailer’s stock after buying an additional 10,050 shares during the period. Twin Capital Management Inc.’s holdings in Coach were worth $4,989,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of COH. Dupont Capital Management Corp acquired a new position in shares of Coach during the second quarter valued at about $118,000. Winslow Evans & Crocker Inc. boosted its position in shares of Coach by 18.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 2,616 shares of the luxury accessories retailer’s stock valued at $124,000 after buying an additional 400 shares during the period. NINE MASTS CAPITAL Ltd acquired a new position in shares of Coach during the first quarter valued at about $153,000. NEXT Financial Group Inc boosted its position in shares of Coach by 5.0% in the second quarter. NEXT Financial Group Inc now owns 4,214 shares of the luxury accessories retailer’s stock valued at $199,000 after buying an additional 200 shares during the period. Finally, MUFG Securities EMEA plc acquired a new position in shares of Coach during the first quarter valued at about $201,000. 88.44% of the stock is owned by institutional investors and hedge funds.

Coach, Inc. (COH) opened at 40.95 on Thursday. The stock has a 50 day moving average of $46.29 and a 200 day moving average of $43.07. The firm has a market cap of $11.57 billion, a PE ratio of 19.59 and a beta of 0.45. Coach, Inc. has a one year low of $34.07 and a one year high of $48.85.

Coach (NYSE:COH) last issued its earnings results on Tuesday, August 15th. The luxury accessories retailer reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. Coach had a return on equity of 21.31% and a net margin of 13.17%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company posted $0.45 earnings per share. Coach’s revenue was down 1.8% on a year-over-year basis. On average, equities analysts forecast that Coach, Inc. will post $2.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.3375 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.35 annualized dividend and a yield of 3.30%. Coach’s dividend payout ratio is currently 64.59%.

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Several research analysts recently issued reports on COH shares. BMO Capital Markets set a $42.00 target price on shares of Coach and gave the stock a “hold” rating in a report on Tuesday, May 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Coach in a report on Thursday, June 15th. UBS AG cut their price objective on shares of Coach from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 17th. Nomura reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Coach in a report on Tuesday, May 9th. Finally, Vetr raised shares of Coach from a “sell” rating to a “hold” rating and set a $45.98 price objective for the company in a report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $47.92.

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.

Institutional Ownership by Quarter for Coach (NYSE:COH)

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