Coach Inc. (NYSE:COH)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $43.71 and last traded at $42.97, with a volume of 1,574,992 shares. The stock had previously closed at $43.13.

A number of brokerages recently commented on COH. Zacks Investment Research raised Coach from a “sell” rating to a “hold” rating in a report on Wednesday. Credit Suisse Group AG raised Coach from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $42.00 to $47.00 in a report on Wednesday. Robert W. Baird raised Coach from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $45.00 to $50.00 in a report on Monday, July 18th. TheStreet cut Coach from a “buy” rating to a “hold” rating in a report on Friday, June 24th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $47.00 target price on shares of Coach in a report on Saturday, June 25th. Two analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seventeen have assigned a buy rating to the stock. Coach presently has a consensus rating of “Hold” and a consensus target price of $41.75.

The company has a market cap of $12.00 billion and a PE ratio of 30.78. The firm’s 50 day moving average price is $40.48 and its 200 day moving average price is $38.55.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Shareholders of record on Friday, June 3rd were issued 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 yield of 3.13%.

In other Coach news, Director Jide James Zeitlin sold 3,206 shares of the stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $37.32, for a total transaction of $119,647.92. Following the sale, the director now directly owns 57,717 shares in the company, valued at approximately $2,153,998.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Susan J. Kropf sold 5,330 shares of the stock in a transaction that occurred 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 sale, the director now owns 37,845 shares in the company, valued at $1,544,454.45. The disclosure for this sale can be found here.

A number of large investors have added to or reduced their stakes in the company. Royce & Associates LLC acquired a new stake in Coach during the fourth quarter worth about $1,168,000. Andra AP fonden raised its stake in Coach by 7.2% in the fourth quarter. Andra AP fonden now owns 47,600 shares of the luxury accessories retailer’s stock worth $1,558,000 after buying an additional 3,200 shares during the period. Utah Retirement Systems raised its stake in Coach by 0.4% in the fourth quarter. Utah Retirement Systems now owns 49,535 shares of the luxury accessories retailer’s stock worth $1,621,000 after buying an additional 200 shares during the period. Suntrust Banks Inc. raised its stake in Coach by 2.9% in the fourth quarter. Suntrust Banks Inc. now owns 58,998 shares of the luxury accessories retailer’s stock worth $1,928,000 after buying an additional 1,636 shares during the period. Finally, Aberdeen Asset Management PLC UK raised its stake in Coach by 7.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 64,977 shares of the luxury accessories retailer’s stock worth $1,959,000 after buying an additional 4,290 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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