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

A number of brokerages have weighed in on COH. Zacks Investment Research raised Coach from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Wednesday, June 29th. TheStreet downgraded Coach from a “buy” rating to a “hold” rating in a report on Friday, June 24th. Piper Jaffray Cos. reissued an “overweight” rating and set a $47.00 price objective on shares of Coach in a report on Saturday, June 25th. Mizuho reissued a “neutral” rating and set a $40.00 price objective on shares of Coach in a report on Thursday, June 9th. Finally, Jefferies Group reissued a “buy” rating and set a $51.00 price objective on shares of Coach in a report on Thursday, June 9th. Two research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $41.49.

The company’s 50-day moving average is $39.48 and its 200-day moving average is $37.86. The stock has a market cap of $11.84 billion and a price-to-earnings ratio of 30.38.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Friday, June 3rd were paid a dividend of $0.3375 per share. The ex-dividend date was Wednesday, June 1st. This represents a $1.35 dividend on an annualized basis and a dividend yield of 3.17%.

In related news, Director Jide James Zeitlin sold 3,206 shares of Coach stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $37.32, for a total transaction of $119,647.92. Following the completion of the transaction, the director now directly owns 57,717 shares of the company’s stock, valued at approximately $2,153,998.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan J. Kropf sold 5,330 shares of Coach stock in a transaction dated 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 disclosure for this sale can be found here.

Several institutional investors have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC boosted its position in 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 in the last quarter. World Asset Management Inc boosted its position in 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 in the last quarter. Swiss National Bank boosted its position in 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 in the last quarter. Sei Investments Co. boosted its position in Coach by 1,351.8% in the fourth quarter. Sei Investments Co. now owns 121,285 shares of the luxury accessories retailer’s stock worth $3,970,000 after buying an additional 112,931 shares in the last quarter. Finally, TD Asset Management Inc. boosted its position in Coach by 1.6% in the fourth quarter. TD Asset Management Inc. now owns 124,319 shares of the luxury accessories retailer’s stock worth $4,069,000 after buying an additional 1,900 shares in the last quarter.

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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