The Flossbach Von Storch AG Raises Position in Coach Inc (COH)

The Flossbach Von Storch AG Raises Position in Coach Inc (COH)

Other hedge funds and other institutional investors have also bought and sold shares of the company. LMR Partners LLP raised its position in Coach by 74.8% in the third quarter. LMR Partners LLP now owns 44,710 shares of the luxury accessories retailer’s stock valued at $1,635,000 after buying an additional 19,136 shares during the period. Valley National Advisers Inc. raised its position in Coach by 28.6% in the third quarter. Valley National Advisers Inc. now owns 44,589 shares of the luxury accessories retailer’s stock worth $1,630,000 after buying an additional 9,906 shares during the last quarter. Argentus Capital Management LLC increased its stake in Coach by 31.3% in the third quarter. Argentus Capital Management LLC now owns 10,334 shares of the luxury accessories retailer’s stock worth $378,000 after buying an additional 2,463 shares during the period. Nordea Investment Management AB increased its stake in Coach by 5.0% in the third quarter. Nordea Investment Management AB now owns 244,719 shares of the luxury accessories retailer’s stock worth $8,947,000 after buying an additional 11,609 shares during the period. Finally, Hussman Strategic Advisors Inc. increased its stake in Coach by 159.4% in the third quarter. Hussman Strategic Advisors Inc. now owns 203,400 shares of the luxury accessories retailer’s stock worth $7,436,000 after buying an additional 125,000 shares during the period. 87.23% of the stock is owned by institutional investors and hedge funds.

Flossbach Von Storch AG raised its stake in shares of Coach Inc (NYSE:COH) by 6.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 398,950 shares of the luxury accessories retailer’s stock after buying an additional 24,700 shares during the period. Flossbach Von Storch AG owned about 0.14% of Coach worth $16,489,000 as of its most recent filing with the SEC.

Shares of Coach Inc (NYSE:COH) opened at 46.00 on Monday. The company has a 50 day moving average of $43.28 and a 200-day moving average of $39.03. The firm has a market capitalization of $12.93 billion, a P/E ratio of 24.84 and a beta of 0.49. Coach Inc has a 12 month low of $34.07 and a 12 month high of $46.78.

Coach (NYSE:COH) last announced its earnings results on Tuesday, May 2nd. The luxury accessories retailer reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.02. Coach had a return on equity of 21.66% and a net margin of 11.24%. The business had revenue of $995.20 million for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the business posted $0.44 earnings per share. The firm’s revenue was down 3.7% on a year-over-year basis. Analysts predict that Coach Inc will post $2.15 EPS for the current year. The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Friday, June 9th will be issued a $0.3375 dividend. This represents a $1.35 annualized dividend and a yield of 2.93%. The ex-dividend date is Wednesday, June 7th. Coach’s payout ratio is presently 74.18%.

A number of analysts have commented on COH shares. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Coach in a research report on Thursday, April 6th. Piper Jaffray Companies set a $43.00 target price on shares of Coach and gave the stock a “buy” rating in a report on Monday, March 20th. Vetr upgraded shares of Coach from a “hold” rating to a “buy” rating and set a $41.20 target price on the stock in a report on Monday, March 20th. Royal Bank of Canada restated a “buy” rating and set a $42.00 price target on shares of Coach in a report on Monday, April 3rd. Finally, BlueFin Research set a $46.00 price target on shares of Coach and gave the company a “buy” rating in a report on Saturday, April 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $46.56. In other Coach news, insider Sarah Dunn sold 7,595 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 74,627 shares in the company, valued at approximately $3,438,065.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Todd Kahn sold 19,450 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $45.45, for a total value of $884,002.50. Following the transaction, the chief accounting officer now owns 98,343 shares in the company, valued at $4,469,689.35. The disclosure for this sale can be found here. Insiders have sold a total of 44,359 shares of company stock worth $2,023,928 over the last 90 days. Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “COH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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