November 25, 2016 - By Adrian Mccoy · 0 Comments
Coach Inc (NYSE:COH) institutional sentiment increased to 1.12 in Q2 2016. Its up 0.15, from 0.97 in 2016Q1. The ratio is positive, as 232 investment managers opened new and increased positions, while 240 trimmed and sold stakes in Coach Inc. The investment managers in our partner’s database now hold: 243.72 million shares, up from 241.43 million shares in 2016Q1. Also, the number of investment managers holding Coach Inc in their top 10 positions decreased from 15 to 11 for a decrease of 4. Sold All: 61 Reduced: 179 Increased: 183 New Position: 49.
Coach, Inc. is a design house of luxury accessories and lifestyle collections. The company has a market cap of $10.72 billion. The Company’s product offering uses a range of leathers, fabrics and materials. It has a 22.3 P/E ratio. The Company’s divisions include North America, International and Stuart Weitzman.
The stock decreased 0.08% or $0.03 on November 25, hitting $38.35. About 984,521 shares traded hands. Coach Inc (NYSE:COH) has declined 4.72% since April 22, 2016 and is downtrending. It has underperformed by 10.13% the S&P500.
Analysts await Coach Inc (NYSE:COH) to report earnings on January, 24. They expect $0.74 EPS, up 8.82% or $0.06 from last year’s $0.68 per share. COH’s profit will be $206.85 million for 12.96 P/E if the $0.74 EPS becomes a reality. After $0.45 actual EPS reported by Coach Inc for the previous quarter, Wall Street now forecasts 64.44% EPS growth.
According to Zacks Investment Research, “Coach Inc. is a designer, producer and marketer of high-quality, modern, American classic accessories that complement the diverse lifestyles of discerning women and men. The company is one of the best recognized leather goods brands in the U.S. and is enjoying increased recognition in targeted international markets. The company attributes the prominence of the Coach brand to the unique combination of its original American attitude and design, its heritage in fine leather products, its superior product quality and durability and its commitment to customer service.”
Sol Capital Management Co holds 15.52% of its portfolio in Coach Inc for 1.14 million shares. Greylin Investment Mangement Inc owns 737,030 shares or 7.47% of their US portfolio. Moreover, P.R. Herzig & Co. Inc. has 4.81% invested in the company for 55,883 shares. The Massachusetts-based Shellback Capital Lp has invested 4.32% in the stock. Jupiter Asset Management Ltd, a United Kingdom-based fund reported 2.44 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 1 sale for $119,648 net activity.
Ratings analysis reveals 61% of Coach Inc.’s analysts are positive. Out of 28 Wall Street analysts rating Coach Inc., 17 give it “Buy”, 2 “Sell” rating, while 9 recommend “Hold”. The lowest target is $27 while the high is $51. The stock’s average target of $37.83 is -1.36% below today’s ($38.35) share price. COH was included in 46 notes of analysts from July 21, 2015. The stock of Coach Inc (NYSE:COH) has “Buy” rating given on Tuesday, August 18 by Jefferies. The firm has “Outperform” rating by William Blair given on Thursday, April 7. The firm earned “Hold” rating on Wednesday, October 28 by Cantor Fitzgerald. Guggenheim initiated the stock with “Buy” rating in Friday, September 30 report. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, May 17. Mizuho maintained Coach Inc (NYSE:COH) on Friday, July 31 with “Neutral” rating. The firm has “Market Perform” rating by Cowen & Co given on Wednesday, August 5. The rating was maintained by Citigroup with “Neutral” on Monday, April 18. As per Wednesday, January 27, the company rating was upgraded by Wolfe Research. The company was upgraded on Friday, August 5 by Telsey Advisory Group.
Coach, Inc. (Coach), incorporated on June 1, 2000, is a design house of luxury accessories and lifestyle collections. The Company’s product offering uses a range of leathers, fabrics and materials. The Company’s divisions include North America, International and Stuart Weitzman. The North America segment includes sales of Coach brand products to North American clients through Coach-operated stores (including the Internet) and sales to North American wholesale customers. The International segment includes sales to clients through Coach-branded stores and concession shop-in-shops in Japan, mainland China, Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Austria, Belgium, the Netherlands and Switzerland. The Stuart Weitzman segment includes sales across the world generated by the Stuart Weitzman brand, primarily through department stores in North America and international locations, and within Stuart Weitzman operated stores (including the Internet) in the United States, Canada and Europe.
More news for Coach Inc (NYSE:COH) were recently published by: Fool.com, which released: “Coach Inc. Posts Steady Sales Growth and Rising Profitability” on November 01, 2016. Businesswire.com‘s article titled: “Coach Announces Opening of ‘Coach House’ on Fifth Avenue in New York City” and published on November 17, 2016 is yet another important article.
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By Adrian Mccoy