Follow The Short Interest: Coach Incorporated (NYSE:COH) Has Decline in Shorts

November 30, 2016 - By Winifred Garcia   ·   0 Comments

Follow The Short Interest: Coach Incorporated (NYSE:COH) Has Decline in Shorts

The stock of Coach Incorporated (NYSE:COH) registered a decrease of 10.57% in short interest. COH’s total short interest was 12.77 million shares in November as published by FINRA. Its down 10.57% from 14.28M shares, reported previously. With 4.10M shares average volume, it will take short sellers 3 days to cover their COH’s short positions. The short interest to Coach Incorporated’s float is 4.59%. The stock decreased 1.14% or $0.43 during the last trading session, hitting $37.4. Coach Inc (NYSE:COH) has declined 10.95% since April 27, 2016 and is downtrending. It has underperformed by 16.18% the S&P500.

Coach, Inc. is a design house of luxury accessories and lifestyle collections. The company has a market cap of $10.34 billion. The Company’s product offering uses a range of leathers, fabrics and materials. It has a 21.75 P/E ratio. The Company’s divisions include North America, International and Stuart Weitzman.

Insitutional Activity: The institutional sentiment increased to 1.12 in Q2 2016. Its up 0.15, from 0.97 in 2016Q1. The ratio is positive, as 61 funds sold all Coach Inc shares owned while 179 reduced positions. 49 funds bought stakes while 183 increased positions. They now own 243.72 million shares or 0.95% more from 241.43 million shares in 2016Q1.
The Tennessee-based State Of Tennessee Treasury Department has invested 0.01% in Coach Inc (NYSE:COH). Marietta Inv Prtn Ltd Liability Corporation owns 29,680 shares or 0.43% of their US portfolio. Virtu owns 7,795 shares or 0.04% of their US portfolio. Ameritas Invest Prtn accumulated 0.02% or 7,117 shares. Proshare Advisors Limited Liability Co holds 0.01% of its portfolio in Coach Inc (NYSE:COH) for 26,310 shares. Commonwealth Savings Bank Of holds 36,071 shares or 0.02% of its portfolio. Cwm Ltd has 0.08% invested in the company for 28,509 shares. Voloridge Invest Management Ltd Limited Liability Company reported 56,729 shares or 0.07% of all its holdings. Lord Abbett And Co Limited Com, a New Jersey-based fund reported 142,100 shares. Hexavest last reported 2,400 shares in the company. Fox Point Cap Mgmt Lc has 37,500 shares for 3.63% of their US portfolio. Agf Incorporated has 0.1% invested in the company for 212,938 shares. Fred Alger Inc accumulated 0.46% or 2.15M shares. Pekin Singer Strauss Asset Il holds 6,300 shares or 0.06% of its portfolio. Moreover, Samlyn Cap Ltd has 0.09% invested in Coach Inc (NYSE:COH) for 90,738 shares.

Insider Transactions: Since June 14, 2016, the stock had 0 insider purchases, and 1 sale for $119,648 net activity. On Tuesday, June 14 the insider Zeitlin Jide James sold $119,648.

Coach Inc (NYSE:COH) Ratings Coverage

Out of 28 analysts covering Coach Inc. (NYSE:COH), 17 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 61% are positive. Coach Inc. has been the topic of 46 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Friday, September 30 the stock rating was initiated by Guggenheim with “Buy”. The firm has “Hold” rating by BB&T Capital given on Monday, January 4. The rating was upgraded by Jefferies on Tuesday, August 18 to “Buy”. As per Thursday, October 22, the company rating was reinitiated by Wells Fargo. The stock of Coach Inc (NYSE:COH) earned “Neutral” rating by Mizuho on Friday, January 22. Topeka Capital Markets maintained Coach Inc (NYSE:COH) on Wednesday, October 28 with “Buy” rating. Cantor Fitzgerald upgraded the shares of COH in a report on Wednesday, August 5 to “Hold” rating. As per Wednesday, July 27, the company rating was upgraded by Credit Suisse. Morgan Stanley upgraded Coach Inc (NYSE:COH) on Wednesday, October 21 to “Equal-Weight” rating. Cowen & Co upgraded the shares of COH in a report on Tuesday, December 15 to “Outperform” rating.

COH Company Profile

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.

Another recent and important Coach Inc (NYSE:COH) news was published by Fool.com which published an article titled: “Coach Inc. Posts Steady Sales Growth and Rising Profitability” on November 01, 2016.

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By Winifred Garcia

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