Bourgeon Capital Management Lowers stake in Coach Inc (COH)

Coach Inc (COH) : Bourgeon Capital Management reduced its stake in Coach Inc by 25.29% during the most recent quarter end. The investment management company now holds a total of 16,250 shares of Coach Inc which is valued at $678,438 after selling 5,500 shares in Coach Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Coach Inc makes up approximately 0.42% of Bourgeon Capital Management’s portfolio.

Other Hedge Funds, Including , Pekin Singer Strauss Asset Management Il reduced its stake in COH by selling 1,000 shares or 13.7% in the most recent quarter. The Hedge Fund company now holds 6,300 shares of COH which is valued at $263,025. Coach Inc makes up approx 0.06% of Pekin Singer Strauss Asset Management Il’s portfolio. Insight Capital Research Management Inc sold out all of its stake in COH during the most recent quarter. The investment firm sold 123,759 shares of COH which is valued $5,334,013.Callahan Advisors reduced its stake in COH by selling 3,000 shares or 19.87% in the most recent quarter. The Hedge Fund company now holds 12,100 shares of COH which is valued at $521,510. Coach Inc makes up approx 0.13% of Callahan Advisors’s portfolio. Lowe Fs added COH to its portfolio by purchasing 60 company shares during the most recent quarter which is valued at $2,582.Cornerstone Investment Partners reduced its stake in COH by selling 5,120 shares or 15.24% in the most recent quarter. The Hedge Fund company now holds 28,485 shares of COH which is valued at $1,196,655. Coach Inc makes up approx 0.04% of Cornerstone Investment Partners’s portfolio.

Coach Inc closed down -0.58 points or -1.38% at $41.45 with 93,43,050 shares getting traded on Monday. Post opening the session at $42.16, the shares hit an intraday low of $41.23 and an intraday high of $42.24 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Coach Inc reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.41. The company had revenue of $1033.00 million for the quarter, compared to analysts expectations of $1023.14 million. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on Coach Inc. 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 was Resumed by Stifel to “Hold” on May 17, 2016.

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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