Coach Inc (COH) : Cornerstone Investment Partners scooped up 41 additional shares in Coach Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 28,526 shares of Coach Inc which is valued at $1,035,209.Coach Inc makes up approximately 0.05% of Cornerstone Investment Partners’s portfolio.
Other Hedge Funds, Including , Hilton Capital Management added COH to its portfolio by purchasing 27,204 company shares during the most recent quarter which is valued at $997,571. Coach Inc makes up approx 0.26% of Hilton Capital Management’s portfolio.Cutler Group Lp boosted its stake in COH in the latest quarter, The investment management firm added 1,079 additional shares and now holds a total of 4,599 shares of Coach Inc which is valued at $168,645. Coach Inc makes up approx 0.01% of Cutler Group Lp’s portfolio.Independent Portfolio Consultants reduced its stake in COH by selling 20 shares or 1.35% in the most recent quarter. The Hedge Fund company now holds 1,461 shares of COH which is valued at $53,546. Coach Inc makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.
Coach Inc closed down -0.42 points or -1.15% at $36.25 with 33,22,784 shares getting traded on Tuesday. Post opening the session at $36.67, the shares hit an intraday low of $36.11 and an intraday high of $36.84 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 Initiated by Guggenheim to “Buy” on Sep 30, 2016. CLSA Initiated Coach Inc on Sep 29, 2016 to “Buy”, Price Target of the shares are set at $45.Coach Inc was Downgraded by Morgan Stanley to ” Underweight” on Sep 14, 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.