Benchmark Capital Advisors buys $3,051,549 stake in Coach Inc (COH)

Coach Inc (COH) : Benchmark Capital Advisors scooped up 850 additional shares in Coach Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 73,620 shares of Coach Inc which is valued at $3,051,549.Coach Inc makes up approximately 2.40% of Benchmark Capital Advisors’s portfolio.

Other Hedge Funds, Including , Nippon Life Global Investors Americas reduced its stake in COH by selling 3,510 shares or 5.36% in the most recent quarter. The Hedge Fund company now holds 61,990 shares of COH which is valued at $2,471,541. Coach Inc makes up approx 0.23% of Nippon Life Global Investors Americas’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in COH in the latest quarter, The investment management firm added 68,691 additional shares and now holds a total of 409,140 shares of Coach Inc which is valued at $17,196,154. Coach Inc makes up approx 0.05% of State Board Of Administration Of Florida Retirement System’s portfolio.Td Asset Management Inc boosted its stake in COH in the latest quarter, The investment management firm added 134,320 additional shares and now holds a total of 252,238 shares of Coach Inc which is valued at $10,601,563. Coach Inc makes up approx 0.02% of Td Asset Management Inc’s portfolio.California Public Employees Retirement System reduced its stake in COH by selling 500 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 782,811 shares of COH which is valued at $32,682,359. Coach Inc makes up approx 0.05% of California Public Employees Retirement System’s portfolio. North Star Investment Management Corp. sold out all of its stake in COH during the most recent quarter. The investment firm sold 400 shares of COH which is valued $16,804.

Coach Inc closed down -0.23 points or -0.58% at $39.22 with 34,53,744 shares getting traded on Wednesday. Post opening the session at $39.42, the shares hit an intraday low of $38.87 and an intraday high of $39.58 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Coach Inc reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.41. The company had revenue of $1155.00 million for the quarter, compared to analysts expectations of $1166.12 million. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Coach Inc. Coach Inc was Upgraded by BofA/Merrill to ” Neutral” on Aug 10, 2016. Coach Inc was Upgraded by Credit Suisse to ” Outperform” on Jul 27, 2016. Company shares were Upgraded by Robert W. Baird on Jul 18, 2016 to ” Outperform”, Firm has raised the Price Target to $ 50 from a previous price target of $45 .

Coach Inc. (Coach) is a design house of modern luxury accessories and lifestyle collections. The Company operates through three segments: North America which includes sales to North American consumers through Coach-branded stores (including the Internet) and sales to wholesale customers; International segment which includes sales to consumers through Coach-branded stores (including the Internet) and concession shop-in-shops in Japan and mainland China Coach-operated stores and concession shop-in-shops in Hong Kong Macau Singapore Taiwan Malaysia South Korea the United Kingdom France Ireland Spain Portugal Germany Italy Belgium and the Netherlands as well as sales to wholesale customers and distributors in approximately 45 countries and Other segment which consists of sales and expenses generated by the Coach brand in other ancillary channels including licensing and disposition. Its product offerings include watches footwear scarves and jewelry.

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