Pillar Pacific Capital Management LLC held its position in Coach Inc. (NYSE:COH) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,241 shares of the luxury accessories retailer’s stock at the end of the third quarter. Pillar Pacific Capital Management LLC’s holdings in Coach were worth $374,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Vermont boosted its position in Coach by 2.1% in the third quarter. Trust Co. of Vermont now owns 3,102 shares of the luxury accessories retailer’s stock worth $113,000 after buying an additional 65 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Coach by 1,307.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,166 shares of the luxury accessories retailer’s stock worth $129,000 after buying an additional 2,941 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in Coach during the second quarter worth $140,000. Mizuho Asset Management Co. Ltd. boosted its position in Coach by 132.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,763 shares of the luxury accessories retailer’s stock worth $153,000 after buying an additional 2,146 shares in the last quarter. Finally, M&R Capital Management Inc. acquired a new position in Coach during the second quarter worth $154,000. Institutional investors and hedge funds own 88.02% of the company’s stock.
Shares of Coach Inc. (NYSE:COH) traded down 1.20% during midday trading on Monday, hitting $37.89. The stock had a trading volume of 1,266,423 shares. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of 22.03 and a beta of 0.58. The firm has a 50-day moving average price of $36.50 and a 200-day moving average price of $38.55. Coach Inc. has a 1-year low of $29.66 and a 1-year high of $43.71.
Coach (NYSE:COH) last announced its quarterly earnings data on Tuesday, November 1st. The luxury accessories retailer reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. Coach had a return on equity of 21.30% and a net margin of 10.70%. The company earned $1.04 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities analysts anticipate that Coach Inc. will post $2.14 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Friday, December 9th will be given a dividend of $0.3375 per share. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 3.56%. Coach’s dividend payout ratio (DPR) is presently 78.49%.
A number of equities analysts have recently weighed in on the company. OTR Global upgraded Coach to a “positive” rating in a report on Monday, August 1st. Guggenheim assumed coverage on Coach in a research note on Friday, September 30th. They set a “buy” rating and a $50.00 target price on the stock. assumed coverage on Coach in a research note on Wednesday, September 28th. They set a “buy” rating and a $45.00 target price on the stock. Cowen and Company reissued an “outperform” rating on shares of Coach in a research note on Tuesday, August 23rd. Finally, TheStreet raised Coach from a “hold” rating to a “buy” rating in a research note on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty-one have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $42.13.
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.