P.R. Herzig & Co. Inc. continued to hold its position in Coach Inc. (NYSE:COH) during the third quarter, Holdings Channel reports. The fund owned 55,883 shares of the luxury accessories retailer’s stock at the end of the third quarter. Coach makes up 4.0% of P.R. Herzig & Co. Inc.’s investment portfolio, making the stock its 5th largest position. P.R. Herzig & Co. Inc.’s holdings in Coach were worth $2,043,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ardevora Asset Management LLP increased its position in Coach by 14.0% in the second quarter. Ardevora Asset Management LLP now owns 536,100 shares of the luxury accessories retailer’s stock valued at $21,841,000 after buying an additional 65,900 shares in the last quarter. Alps Advisors Inc. increased its position in Coach by 26.1% in the second quarter. Alps Advisors Inc. now owns 695,886 shares of the luxury accessories retailer’s stock valued at $28,350,000 after buying an additional 144,148 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Coach by 79.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 361,262 shares of the luxury accessories retailer’s stock valued at $14,718,000 after buying an additional 159,992 shares in the last quarter. Franklin Street Advisors Inc. NC increased its position in Coach by 28.9% in the third quarter. Franklin Street Advisors Inc. NC now owns 144,082 shares of the luxury accessories retailer’s stock valued at $5,268,000 after buying an additional 32,327 shares in the last quarter. Finally, Greylin Investment Mangement Inc. increased its position in Coach by 5.2% in the second quarter. Greylin Investment Mangement Inc. now owns 737,030 shares of the luxury accessories retailer’s stock valued at $30,027,000 after buying an additional 36,430 shares in the last quarter. 88.02% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Coach (NYSE:COH)

Shares of Coach Inc. (NYSE:COH) traded down 1.14% during mid-day trading on Tuesday, hitting $37.40. 3,709,671 shares of the company traded hands. Coach Inc. has a 1-year low of $29.66 and a 1-year high of $43.71. The stock has a market capitalization of $10.49 billion, a PE ratio of 21.74 and a beta of 0.58. The firm’s 50 day moving average price is $36.54 and its 200-day moving average price is $38.54.

Coach (NYSE:COH) last released its quarterly earnings data on Tuesday, November 1st. The luxury accessories retailer reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.45. Coach had a return on equity of 21.30% and a net margin of 10.70%. The business earned $1.04 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted $0.41 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities research analysts forecast that Coach Inc. will post $2.14 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Friday, December 9th will be paid a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a yield of 3.61%. The ex-dividend date is Wednesday, December 7th. Coach’s payout ratio is currently 78.49%.

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A number of research analysts have recently weighed in on the company. Piper Jaffray Cos. reissued an “overweight” rating and issued a $46.00 price target on shares of Coach in a research note on Tuesday, August 30th. Stifel Nicolaus reissued a “hold” rating and issued a $38.00 price target on shares of Coach in a research note on Tuesday, November 1st. Jefferies Group reissued a “buy” rating on shares of Coach in a research note on Friday, September 2nd. Oppenheimer Holdings Inc. set a $50.00 price target on Coach and gave the company a “buy” rating in a research note on Friday, October 21st. Finally, assumed coverage on Coach in a research note on Wednesday, September 28th. They issued a “buy” rating and a $45.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Coach presently has a consensus rating of “Hold” and a consensus price target 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.

5 Day Chart for NYSE:COH

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