Fort Washington Investment Advisors Inc. OH Maintains Stake in Coach, Inc. (COH)
Fort Washington Investment Advisors Inc. OH maintained its position in shares of Coach, Inc. (NYSE:COH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,359 shares of the luxury accessories retailer’s stock at the end of the 2nd quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Coach were worth $348,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of COH. Dupont Capital Management Corp purchased a new stake in shares of Coach in the 2nd quarter worth approximately $118,000. Winslow Evans & Crocker Inc. grew its stake in shares of Coach by 18.1% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 2,616 shares of the luxury accessories retailer’s stock worth $124,000 after buying an additional 400 shares during the last quarter. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Coach in the 1st quarter worth approximately $153,000. Seven Eight Capital LP purchased a new stake in shares of Coach in the 2nd quarter worth approximately $188,000. Finally, NEXT Financial Group Inc grew its stake in shares of Coach by 5.0% in the 2nd quarter. NEXT Financial Group Inc now owns 4,214 shares of the luxury accessories retailer’s stock worth $199,000 after buying an additional 200 shares during the last quarter. Institutional investors own 86.32% of the company’s stock.
Shares of Coach, Inc. (NYSE:COH) opened at 40.47 on Tuesday. Coach, Inc. has a 12-month low of $34.07 and a 12-month high of $48.85. The company has a market capitalization of $11.44 billion, a PE ratio of 19.36 and a beta of 0.44. The firm’s 50-day moving average price is $43.11 and its 200-day moving average price is $43.52.
Coach (NYSE:COH) last posted its quarterly earnings results on Tuesday, August 15th. The luxury accessories retailer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.49 by $0.01. Coach had a net margin of 13.17% and a return on equity of 21.31%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company earned $0.45 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. On average, analysts expect that Coach, Inc. will post $2.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be paid a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Thursday, September 7th. Coach’s payout ratio is currently 64.59%.
In other news, SVP Melinda Brown sold 8,250 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $41.28, for a total transaction of $340,560.00. Following the sale, the senior vice president now directly owns 42,884 shares of the company’s stock, valued at approximately $1,770,251.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Todd Kahn sold 4,586 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $40.85, for a total transaction of $187,338.10. Following the sale, the chief accounting officer now directly owns 72,412 shares in the company, valued at $2,958,030.20. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.
Several analysts recently weighed in on COH shares. Vetr downgraded Coach from a “hold” rating to a “sell” rating and set a $45.98 price target on the stock. in a research note on Monday, August 7th. UBS AG cut their target price on Coach from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 17th. MKM Partners started coverage on Coach in a research note on Monday, July 10th. They set a “buy” rating and a $50.00 target price on the stock. Canaccord Genuity started coverage on Coach in a research note on Friday, June 30th. They set a “buy” rating and a $59.00 target price on the stock. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $48.00 target price (down from $52.00) on shares of Coach in a research note on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $48.03.
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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.
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