Coach Inc (COH) : First Mercantile Trust Co reduced its stake in Coach Inc by 11.97% during the most recent quarter end. The investment management company now holds a total of 20,600 shares of Coach Inc which is valued at $751,900 after selling 2,800 shares in Coach Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Coach Inc makes up approximately 0.10% of First Mercantile Trust Co’s portfolio.
Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in COH by selling 744 shares or 1.03% in the most recent quarter. The Hedge Fund company now holds 71,224 shares of COH which is valued at $2,599,676. Coach Inc makes up approx 0.05% of Exxonmobil Investment Management Inc Tx’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in COH in the latest quarter, The investment management firm added 12,941 additional shares and now holds a total of 183,934 shares of Coach Inc which is valued at $6,741,181. Coach Inc makes up approx 0.03% of Bnp Paribas Arbitrage Sa’s portfolio.Franklin Street Advisors Inc Nc boosted its stake in COH in the latest quarter, The investment management firm added 32,327 additional shares and now holds a total of 144,082 shares of Coach Inc which is valued at $5,280,605. Coach Inc makes up approx 0.97% of Franklin Street Advisors Inc Nc’s portfolio.Chevy Chase Trust Holdings reduced its stake in COH by selling 4,355 shares or 1.83% in the most recent quarter. The Hedge Fund company now holds 234,233 shares of COH which is valued at $8,584,639. Coach Inc makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio.West Oak Capital reduced its stake in COH by selling 200 shares or 15.35% in the most recent quarter. The Hedge Fund company now holds 1,103 shares of COH which is valued at $40,425. Coach Inc makes up approx 0.03% of West Oak Capital’s portfolio.
Coach Inc closed down -0.07 points or -0.19% at $36.5 with 21,87,084 shares getting traded on Friday. Post opening the session at $36.81, the shares hit an intraday low of $36.29 and an intraday high of $37.01 and the price fluctuated in this range throughout the day.Shares ended Friday 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.