Rothschild Investment Corp IL Sells 1,020 Shares of Coach, Inc. (NYSE:COH)

Rothschild Investment Corp IL reduced its position in Coach, Inc. (NYSE:COH) by 10.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,460 shares of the luxury accessories retailer’s stock after selling 1,020 shares during the period. Rothschild Investment Corp IL’s holdings in Coach were worth $400,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. State Treasurer State of Michigan raised its position in Coach by 380.0% in the second quarter. State Treasurer State of Michigan now owns 442,347 shares of the luxury accessories retailer’s stock worth $20,941,000 after buying an additional 350,200 shares during the period. Bedrijfstakpensioenfonds Voor DE Media PNO acquired a new position in Coach during the second quarter worth $1,386,000. First Quadrant L P CA acquired a new position in Coach during the second quarter worth $1,458,000. Aperio Group LLC raised its position in Coach by 17.0% in the second quarter. Aperio Group LLC now owns 146,116 shares of the luxury accessories retailer’s stock worth $6,917,000 after buying an additional 21,246 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in Coach by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the luxury accessories retailer’s stock worth $824,000 after buying an additional 200 shares during the period. 88.44% of the stock is owned by hedge funds and other institutional investors.

Shares of Coach, Inc. (COH) opened at 47.55 on Friday. Coach, Inc. has a 12 month low of $34.07 and a 12 month high of $48.85. The firm’s 50-day moving average price is $47.51 and its 200 day moving average price is $42.74. The company has a market cap of $13.37 billion, a PE ratio of 25.67 and a beta of 0.45.

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A number of equities analysts recently commented on the company. UBS AG reissued a “buy” rating and set a $47.00 price target on shares of Coach in a research note on Wednesday, April 26th. Vetr raised Coach from a “sell” rating to a “hold” rating and set a $45.98 price target for the company in a research note on Monday. BMO Capital Markets set a $42.00 price target on Coach and gave the company a “hold” rating in a research note on Tuesday. Goldman Sachs Group, Inc. (The) raised Coach to a “buy” rating in a research note on Saturday, July 1st. Finally, Piper Jaffray Companies set a $47.00 price target on Coach and gave the company a “buy” rating in a research note on Wednesday, May 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-one have assigned a buy rating to the company. Coach presently has a consensus rating of “Buy” and an average target price of $48.28.

In other news, insider Andre Cohen sold 2,988 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $46.06, for a total transaction of $137,627.28. Following the sale, the insider now owns 43,198 shares of the company’s stock, valued at $1,989,699.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sarah Dunn sold 7,595 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $46.07, for a total value of $349,901.65. Following the sale, the insider now directly owns 74,627 shares in the company, valued at approximately $3,438,065.89. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

Coach Company Profile

Coach, Inc (Coach) is a design house of luxury accessories and lifestyle collections. The Company’s product offering uses a range of leathers, fabrics and materials. Its segments 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.

Institutional Ownership by Quarter for Coach (NYSE:COH)

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