TD Asset Management Inc. increased its position in shares of Coach, Inc. (NYSE:COH) by 2.3% during the second quarter, Holdings Channel reports. The fund owned 573,082 shares of the luxury accessories retailer’s stock after buying an additional 13,143 shares during the period. TD Asset Management Inc.’s holdings in Coach were worth $27,130,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in COH. Candriam Luxembourg S.C.A. increased its stake in Coach by 471.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 86,260 shares of the luxury accessories retailer’s stock worth $3,565,000 after buying an additional 71,156 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Coach during the first quarter worth about $510,000. Ledyard National Bank bought a new stake in Coach during the first quarter worth about $482,000. DnB Asset Management AS increased its stake in Coach by 6.4% in the first quarter. DnB Asset Management AS now owns 36,743 shares of the luxury accessories retailer’s stock worth $1,519,000 after buying an additional 2,200 shares during the last quarter. Finally, Cullinan Associates Inc. increased its stake in Coach by 2.7% in the first quarter. Cullinan Associates Inc. now owns 99,700 shares of the luxury accessories retailer’s stock worth $4,121,000 after buying an additional 2,600 shares during the last quarter. Hedge funds and other institutional investors own 88.44% of the company’s stock.

Shares of Coach, Inc. (NYSE:COH) opened at 47.09 on Friday. The firm’s 50-day moving average is $47.48 and its 200 day moving average is $42.65. The company has a market cap of $13.24 billion, a price-to-earnings ratio of 25.43 and a beta of 0.45. Coach, Inc. has a 1-year low of $34.07 and a 1-year high of $48.85.

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A number of equities research analysts recently issued reports on the stock. Vetr downgraded shares of Coach from a “hold” rating to a “sell” rating and set a $45.98 target price for the company. in a report on Monday, July 24th. Jefferies Group LLC downgraded shares of Coach from a “buy” rating to a “hold” rating and lowered their target price for the company from $53.00 to $45.00 in a report on Monday, July 31st. OTR Global upgraded shares of Coach to a “positive” rating in a report on Friday, July 21st. BMO Capital Markets set a $42.00 price target on shares of Coach and gave the company a “hold” rating in a research report on Tuesday. Finally, MKM Partners initiated coverage on shares of Coach in a research report on Monday, July 10th. They set a “buy” rating and a $50.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have issued a buy rating to the stock. Coach currently has an average rating of “Buy” and an average target price of $48.28.

In other news, insider Andre Cohen sold 2,988 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $46.06, for a total value of $137,627.28. Following the completion of the sale, the insider now directly owns 43,198 shares of the company’s stock, valued at $1,989,699.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sarah Dunn sold 7,595 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $46.07, for a total value of $349,901.65. Following the completion of the sale, the insider now directly owns 74,627 shares of the company’s stock, valued at $3,438,065.89. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

Coach Company Profile

Coach, Inc (Coach) is a design house of luxury accessories and lifestyle collections. The Company’s product offering uses a range of leathers, fabrics and materials. Its segments include North America, International and Stuart Weitzman. The North America segment includes sales of Coach brand products to North American customers through Coach-operated stores (including the Internet) and sales to North American wholesale customers.

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Institutional Ownership by Quarter for Coach (NYSE:COH)

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