CIBC Asset Management Inc raised its stake in Coach, Inc. (NYSE:COH) by 1.2% during the second quarter, Holdings Channel reports. The fund owned 29,649 shares of the luxury accessories retailer’s stock after buying an additional 351 shares during the period. CIBC Asset Management Inc’s holdings in Coach were worth $1,404,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cleararc Capital Inc. increased its position in shares of Coach by 0.5% in the first quarter. Cleararc Capital Inc. now owns 6,847 shares of the luxury accessories retailer’s stock valued at $283,000 after buying an additional 34 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Coach by 0.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,909 shares of the luxury accessories retailer’s stock valued at $451,000 after buying an additional 47 shares during the last quarter. Benedict Financial Advisors Inc. increased its position in shares of Coach by 0.6% in the first quarter. Benedict Financial Advisors Inc. now owns 8,403 shares of the luxury accessories retailer’s stock valued at $347,000 after buying an additional 49 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Coach by 0.5% in the second quarter. LS Investment Advisors LLC now owns 10,290 shares of the luxury accessories retailer’s stock valued at $487,000 after buying an additional 53 shares during the last quarter. Finally, Blair William & Co. IL increased its position in shares of Coach by 0.9% in the first quarter. Blair William & Co. IL now owns 8,483 shares of the luxury accessories retailer’s stock valued at $331,000 after buying an additional 75 shares during the last quarter. 88.44% of the stock is owned by institutional investors and hedge funds.

Coach, Inc. (NYSE COH) opened at 47.09 on Friday. The stock has a market capitalization of $13.24 billion, a PE ratio of 25.43 and a beta of 0.45. The stock’s 50 day moving average price is $47.48 and its 200-day moving average price is $42.65. Coach, Inc. has a 12-month low of $34.07 and a 12-month high of $48.85.

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Several brokerages have recently weighed in on COH. UBS Group AG reaffirmed a “buy” rating and set a $47.00 target price on shares of Coach in a research note on Wednesday, April 26th. Credit Suisse Group set a $55.00 target price on Coach and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Deutsche Bank AG raised Coach to a “buy” rating in a research note on Saturday, July 1st. Goldman Sachs Group, Inc. (The) raised Coach to a “buy” rating in a research note on Saturday, July 1st. Finally, Vetr downgraded Coach from a “strong-buy” rating to a “buy” rating and set a $46.00 target price for the company. in a research note on Tuesday, May 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-one have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $48.28.

In other news, insider Sarah Dunn sold 7,595 shares of Coach stock in a transaction on Wednesday, May 24th. The stock was 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 owns 74,627 shares of the company’s stock, valued at $3,438,065.89. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Andre Cohen sold 2,988 shares of Coach stock in a transaction on Tuesday, May 23rd. The shares were 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 approximately $1,989,699.88. The disclosure for this sale can be found here. 0.81% of the stock is owned by 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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