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

Several research firms recently commented on COH. Zacks Investment Research lowered shares of Coach from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Credit Suisse Group AG upgraded shares of Coach from a “neutral” rating to an “outperform” rating and upped their target price for the company from $42.00 to $47.00 in a report on Wednesday. Vetr upgraded shares of Coach from a “strong sell” rating to a “strong-buy” rating and set a $48.50 target price on the stock in a report on Wednesday. BMO Capital Markets restated a “hold” rating and issued a $31.00 target price on shares of Coach in a report on Thursday. Finally, Robert W. Baird upgraded shares of Coach from a “neutral” rating to an “outperform” rating and upped their target price for the company from $45.00 to $50.00 in a report on Monday, July 18th. Two equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Coach currently has a consensus rating of “Hold” and an average target price of $41.16.

The stock has a 50-day moving average price of $40.69 and a 200-day moving average price of $38.61. The stock has a market cap of $11.87 billion and a PE ratio of 30.46.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 5th. Stockholders of record on Friday, June 3rd were given a dividend of $0.3375 per share. This represents a $1.35 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Wednesday, June 1st.

In other news, Director Susan J. Kropf sold 5,330 shares of the business’s 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 directly owns 37,845 shares in the company, valued at $1,544,454.45. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jide James Zeitlin sold 3,206 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 57,717 shares in the company, valued at $2,153,998.44. The disclosure for this sale can be found here.

Other hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Coach by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 23,403,413 shares of the luxury accessories retailer’s stock worth $765,993,000 after buying an additional 818,940 shares in the last quarter. Jennison Associates LLC raised its stake 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 valued at $93,810,000 after buying an additional 615,826 shares in the last quarter. Marshall Wace LLP raised its stake 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 valued at $8,940,000 after buying an additional 249,066 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Coach by 111.3% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 407,344 shares of the luxury accessories retailer’s stock valued at $13,332,000 after buying an additional 214,579 shares in the last quarter. Finally, UBS Oconnor LLC bought a new stake in shares of Coach during the fourth quarter valued at approximately $5,728,000.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.