Pensionfund DSM Netherlands Continues to Hold Position in Coach, Inc. (NYSE:COH)

On Wednesday, October 26 the stock rating was initiated by Longbow with "Buy". Royal Bank Of Canada restated a "buy" rating and issued a $42.00 target price on shares of Coach in a research note on Monday, April 3rd. NEXT Financial Group Inc now owns 4,214 shares of the luxury accessories retailer's stock valued at $199,000 after buying an additional 200 shares during the last quarter. Oppenheimer Holdings, Inc. reaffirmed a "buy" rating on shares of Coach in a research report on Tuesday, July 4th. As per Friday, July 24, the company rating was upgraded by Buckingham Research.

Here is the rundown on market activity for Coach, Inc. Finally, Vetr cut Coach from a "hold" rating to a "sell" rating and set a $38.00 price objective on the stock.in a research report on Monday, March 13th. BlueFin Research set a $46.00 target price on Coach and gave the company a "buy" rating in a research report on Saturday, April 1st.

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The current Stock Price for Coach, Inc. (NYSE:COH) traded up 1.16% during midday trading on Friday, reaching $47.99. About 1.21 million shares traded. Jupiter Asset Management Ltd who had been investing in Coach Inc for a number of months, seems to be bullish on the $13.41 billion market cap company. Coach has a one year low of $34.07 and a one year high of $47.87. The 20-Day Simple Moving Average is determined at 1.78% that showed a 200-Day Simple Moving Average of 20.58%.

Coach (NYSE:COH) last released its quarterly earnings results on Tuesday, May 2nd. Accern also assigned news stories about the luxury accessories retailer an impact score of 45 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term. The company had revenue of $995.20 million for the quarter, compared to analyst estimates of $1.02 billion. Coach Inc. had 67 analyst reports since July 21, 2015 according to SRatingsIntel. The firm's quarterly revenue was down 3.7% on a year-over-year basis. They expect $0.50 earnings per share, up 11.11 % or $0.05 from last year's $0.45 per share.

Also, the company disclosed a divided for the quarter, to be paid on early Wed, Jul 5th. Stoneridge Lc invested in 0.72% or 152,152 shares. The dividend yield was $2.87. The ex-dividend date is Wednesday, June 7th. Coach's dividend payout ratio (DPR) is now 72.97%. If you are viewing this story on another publication, it was illegally copied and republished in violation of United States & worldwide trademark & copyright law. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/07/15/coach-inc-nysecoh-position-maintained-by-pensionfund-dsm-netherlands-updated.html. Following the sale, the insider now directly owns 43,198 shares in the company, valued at approximately $1,989,699.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Andre Cohen sold 2,988 shares of the firm's stock in a transaction on Tuesday, May 23rd. Following the transaction, the chief accounting officer now directly owns 98,343 shares in the company, valued at $4,469,689.35. Insiders have sold a total of 44,359 shares of company stock valued at $2,023,928 over the last 90 days. Foresters Investment Management Company Inc. owned about 0.12% of Coach at the end of the most recent quarter.

Institutional investors have recently added to or reduced their stakes in the stock. Cleararc Capital Inc. increased its position in Coach by 0.5% in the first quarter. Vanguard Group Inc. now owns 27,983,084 shares of the luxury accessories retailer's stock valued at $1,156,541,000 after buying an additional 1,464,098 shares during the period. $349,876 worth of Coach Inc (NYSE:COH) shares were sold by Dunn Sarah. BlackRock Inc. now owns 17,674,190 shares of the luxury accessories retailer's stock valued at $730,475,000 after buying an additional 17,117,023 shares during the last quarter. Dodge & Cox acquired a new position in Coach during the fourth quarter worth about $532,034,000. State Street Corp boosted its stake in shares of Coach by 1.7% in the first quarter. The institutional investor acquired 9,222 shares of the luxury accessories retailer's stock, valued at approximately $378,000. MUFG Securities EMEA plc acquired a new position in Coach during the first quarter valued at about $201,000. The brokerage set a "buy" rating and a $59.00 price target on the luxury accessories retailer's stock.

In other Coach news, CAO Todd Kahn sold 19,450 shares of the company's stock in a transaction dated Wednesday, May 10th.

Apparel Footwear & Accessories is bought and sold in the stock market, the current market cap indicates the existing public opinion of the net worth of Coach, Inc. The Company's product offering uses a range of leathers, fabrics and materials. The Company's divisions include North America, International and Stuart Weitzman. The North America segment includes sales of Coach brand products to North American customers through Coach-operated stores (including the Internet) and sales to North American wholesale customers.