Mcrae Capital Management Inc buys $3,249,194 stake in Coach Inc (COH)

Coach Inc (COH) : Mcrae Capital Management Inc scooped up 1,925 additional shares in Coach Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 77,825 shares of Coach Inc which is valued at $3,249,194.Coach Inc makes up approximately 1.44% of Mcrae Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Flossbach Von Storch Ag reduced its stake in COH by selling 149,720 shares or 26.05% in the most recent quarter. The Hedge Fund company now holds 424,940 shares of COH which is valued at $18,319,163. Coach Inc makes up approx 0.30% of Flossbach Von Storch Ag’s portfolio.Pggm Investments boosted its stake in COH in the latest quarter, The investment management firm added 11,020 additional shares and now holds a total of 194,897 shares of Coach Inc which is valued at $8,400,061. Coach Inc makes up approx 0.04% of Pggm Investments’s portfolio. Eqis Capital Management sold out all of its stake in COH during the most recent quarter. The investment firm sold 11,164 shares of COH which is valued $484,183.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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