Coach Inc. (NYSE:COH) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $42.24 and last traded at $42.14, with a volume of 1,787,052 shares traded. The stock had previously closed at $41.56.

COH has been the subject of several recent analyst reports. KeyCorp raised their price objective on shares of Coach to $46.00 in a research report on Friday, April 8th. Nomura Holdings Inc. restated a “buy” rating and set a $50.00 price objective (up from $40.00) on shares of Coach in a research report on Thursday, April 7th. Cowen and Company restated a “buy” rating on shares of Coach in a research report on Saturday, April 23rd. Jefferies Group reiterated a “buy” rating on shares of Coach in a research report on Monday, April 25th. Finally, Piper Jaffray Cos. reiterated a “buy” rating and set a $42.00 price target on shares of Coach in a research report on Monday, April 25th. Two analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Coach has a consensus rating of “Hold” and a consensus target price of $41.49.

The stock has a market cap of $11.71 billion and a P/E ratio of 30.05. The stock’s 50-day moving average price is $39.28 and its 200-day moving average price is $37.69.

Coach (NYSE:COH) last issued its earnings results on Tuesday, April 26th. The luxury accessories retailer reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The company earned $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Coach’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 earnings per share. Equities research analysts predict that Coach Inc. will post $1.93 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Shareholders of record on Friday, June 3rd were given a $0.3375 dividend. This represents a $1.35 annualized dividend and a yield of 3.20%. The ex-dividend date was Wednesday, June 1st.

In other news, Director Susan J. Kropf sold 5,330 shares of the firm’s stock in a transaction on Tuesday, May 3rd. The stock was sold at an average price of $40.81, for a total transaction of $217,517.30. Following the transaction, the director now directly owns 37,845 shares of the company’s stock, valued at $1,544,454.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jide James Zeitlin sold 3,206 shares of the firm’s stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $37.32, for a total value of $119,647.92. Following the transaction, the director now directly owns 57,717 shares in the company, valued at $2,153,998.44. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have modified their holdings of the stock. Neuberger Berman Group LLC raised its position in shares of Coach by 219.7% in the fourth quarter. Neuberger Berman Group LLC now owns 345,270 shares of the luxury accessories retailer’s stock worth $11,301,000 after buying an additional 237,286 shares during the period. Nationwide Fund Advisors raised its position in shares of Coach by 20.0% in the fourth quarter. Nationwide Fund Advisors now owns 293,772 shares of the luxury accessories retailer’s stock worth $9,615,000 after buying an additional 48,937 shares during the period. Great West Life Assurance Co. Can raised its position in shares of Coach by 5.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 173,912 shares of the luxury accessories retailer’s stock worth $5,693,000 after buying an additional 9,647 shares during the period. World Asset Management Inc raised its position in shares of Coach by 1.4% in the fourth quarter. World Asset Management Inc now owns 32,158 shares of the luxury accessories retailer’s stock worth $1,052,000 after buying an additional 443 shares during the period. Finally, Swiss National Bank raised its position in shares of Coach by 1.5% in the fourth quarter. Swiss National Bank now owns 500,273 shares of the luxury accessories retailer’s stock worth $16,374,000 after buying an additional 7,300 shares during the period.

Coach, Inc (Coach) is a design house of modern luxury accessories and lifestyle collections. The Company operates through three segments: North America, which includes sales to North American consumers through Coach-branded stores (including the Internet) and sales to wholesale customers; International segment, which includes sales to consumers through Coach-branded stores (including the Internet) and concession shop-in-shops in Japan and mainland China, Coach-operated stores and concession shop-in-shops in Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Belgium and the Netherlands, as well as sales to wholesale customers and distributors in approximately 45 countries, and Other segment, which consists of sales and expenses generated by the Coach brand in other ancillary channels, including licensing and disposition.

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