Coach Inc. (NYSE:COH) shares hit a new 52-week high during trading on Monday . The company traded as high as $43.60 and last traded at $43.49, with a volume of 2,824,890 shares changing hands. The stock had previously closed at $42.30.

COH has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Coach from a “sell” rating to a “hold” rating in a research note on Monday, April 18th. Cowen and Company decreased their price target on shares of Coach from $55.00 to $48.00 and set a “market perform” rating on the stock in a research note on Monday, March 28th. Citigroup Inc. reiterated a “neutral” rating on shares of Coach in a research note on Monday, May 16th. Vetr upgraded shares of Coach from a “strong sell” rating to a “hold” rating and set a $39.55 price target on the stock in a research note on Wednesday, June 1st. Finally, KeyCorp reiterated a “buy” rating on shares of Coach in a research note on Tuesday, May 3rd. Two research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $41.72.

The firm’s 50-day moving average price is $39.72 and its 200-day moving average price is $37.99. The stock has a market cap of $12.10 billion and a P/E ratio of 31.045.

Coach (NYSE:COH) last issued its earnings results on Tuesday, April 26th. The luxury accessories retailer reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.03. During the same quarter in the prior year, the company earned $0.36 EPS. The firm earned $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Coach’s quarterly revenue was up 11.2% on a year-over-year basis. On average, equities research analysts predict that Coach Inc. will post $1.93 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Friday, June 3rd were given a $0.3375 dividend. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $1.35 dividend on an annualized basis and a yield of 3.19%.

In other Coach news, Director Jide James Zeitlin sold 3,206 shares of the business’s stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $37.32, for a total value 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 $2,153,998.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan J. Kropf sold 5,330 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $40.81, for a total value of $217,517.30. Following the completion of 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.

A number of hedge funds and institutional investors recently made changes to their positions in COH. State of Tennessee Treasury Department increased its position in shares of Coach by 308.5% in the fourth quarter. State of Tennessee Treasury Department now owns 174,000 shares of the luxury accessories retailer’s stock worth $5,695,000 after buying an additional 131,400 shares during the last quarter. Flippin Bruce & Porter Inc. increased its position in shares of Coach by 59.3% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 140,198 shares of the luxury accessories retailer’s stock worth $4,589,000 after buying an additional 52,174 shares during the last quarter. Jennison Associates LLC increased its position in shares of Coach by 27.4% in the fourth quarter. Jennison Associates LLC now owns 2,866,185 shares of the luxury accessories retailer’s stock worth $93,810,000 after buying an additional 615,826 shares during the last quarter. Trexquant Investment LP increased its position in shares of Coach by 97.2% in the fourth quarter. Trexquant Investment LP now owns 71,200 shares of the luxury accessories retailer’s stock worth $2,330,000 after buying an additional 35,100 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Coach by 1,034.9% in the fourth quarter. Marshall Wace LLP now owns 273,132 shares of the luxury accessories retailer’s stock worth $8,940,000 after buying an additional 249,066 shares during 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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