Today: The SOL Capital Management CO Holds Position in Coach Inc. (COH)

The SOL Capital Management CO Holds Position in Coach Inc. (COH)

SOL Capital Management CO held its stake in Coach Inc. (NYSE:COH) during the second quarter, Holdings Channel reports. The firm owned 1,143,949 shares of the luxury accessories retailer’s stock at the end of the second quarter. Coach comprises 15.5% of SOL Capital Management CO’s holdings, making the stock its largest position. SOL Capital Management CO’s holdings in Coach were worth $46,604,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. CG Asset Management LLC boosted its stake in Coach by 4.8% in the second quarter. CG Asset Management LLC now owns 40,760 shares of the luxury accessories retailer’s stock worth $1,661,000 after buying an additional 1,875 shares in the last quarter. ING Groep NV boosted its stake in Coach by 16.3% in the second quarter. ING Groep NV now owns 24,636 shares of the luxury accessories retailer’s stock worth $1,004,000 after buying an additional 3,454 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in Coach during the second quarter worth $871,000. Alps Advisors Inc. boosted its stake in Coach by 26.1% in the second quarter. Alps Advisors Inc. now owns 695,886 shares of the luxury accessories retailer’s stock worth $28,350,000 after buying an additional 144,148 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Coach by 25.1% in the second quarter. American Century Companies Inc. now owns 3,339,629 shares of the luxury accessories retailer’s stock worth $136,056,000 after buying an additional 669,568 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Coach Inc. (NYSE:COH) traded down 1.18% during trading on Friday, reaching $35.86. 1,949,229 shares of the company’s stock traded hands. Coach Inc. has a 12 month low of $28.70 and a 12 month high of $43.71. The firm’s 50 day moving average is $36.87 and its 200 day moving average is $39.33. The company has a market cap of $10.00 billion, a P/E ratio of 21.73 and a beta of 0.90.

Coach (NYSE:COH) last released its quarterly earnings results on Tuesday, August 9th. The luxury accessories retailer reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.04. Coach had a net margin of 10.25% and a return on equity of 21.32%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the firm earned $0.31 earnings per share. Coach’s revenue was up 15.0% compared to the same quarter last year. Analysts anticipate that Coach Inc. will post $2.16 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 12th were paid a dividend of $0.3375 per share. The ex-dividend date was Thursday, September 8th. This represents a $1.35 annualized dividend and a dividend yield of 3.76%. Coach’s dividend payout ratio (DPR) is currently 81.82%.

A number of equities research analysts have commented on COH shares. OTR Global cut Coach to a “positive” rating in a report on Thursday. Wells Fargo & Co. reiterated an “outperform” rating and set a $47.00 target price on shares of Coach in a report on Wednesday, October 5th. Guggenheim started coverage on Coach in a report on Friday, September 30th. They set a “buy” rating and a $50.00 target price on the stock. Credit Agricole SA started coverage on Coach in a report on Wednesday, September 28th. They set a “buy” rating and a $45.00 target price on the stock. Finally, Piper Jaffray Cos. set a $46.00 target price on Coach and gave the company a “buy” rating in a report on Monday, September 19th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twenty-two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $42.13.

About Coach

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.

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