Bp Plc maintained its position in Coach, Inc. (NYSE:COH) during the second quarter, Holdings Channel reports. The institutional investor owned 35,000 shares of the luxury accessories retailer’s stock at the end of the second quarter. Bp Plc’s holdings in Coach were worth $1,657,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Teachers Advisors LLC raised its position in Coach by 6.2% in the fourth quarter. Teachers Advisors LLC now owns 343,688 shares of the luxury accessories retailer’s stock valued at $12,036,000 after buying an additional 20,128 shares during the period. Macquarie Group Ltd. raised its position in Coach by 71.4% in the fourth quarter. Macquarie Group Ltd. now owns 16,800 shares of the luxury accessories retailer’s stock valued at $589,000 after buying an additional 7,000 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in Coach by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 243,326 shares of the luxury accessories retailer’s stock valued at $10,057,000 after buying an additional 7,597 shares during the period. Creative Planning raised its position in Coach by 107.5% in the first quarter. Creative Planning now owns 38,926 shares of the luxury accessories retailer’s stock valued at $1,609,000 after buying an additional 20,162 shares during the period. Finally, Gulf International Bank UK Ltd raised its position in Coach by 1.7% in the first quarter. Gulf International Bank UK Ltd now owns 82,887 shares of the luxury accessories retailer’s stock valued at $3,425,000 after buying an additional 1,360 shares during the period. 88.44% of the stock is owned by institutional investors.

Shares of Coach, Inc. (COH) opened at 47.55 on Friday. The firm’s 50-day moving average is $47.51 and its 200 day moving average is $42.74. The firm has a market capitalization of $13.37 billion, a P/E ratio of 25.67 and a beta of 0.45. Coach, Inc. has a 52 week low of $34.07 and a 52 week high of $48.85.

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A number of equities analysts recently issued reports on the company. Vetr lowered Coach from a “hold” rating to a “sell” rating and set a $45.98 price objective for the company. in a report on Monday, July 24th. Jefferies Group LLC lowered Coach from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $53.00 to $45.00 in a report on Monday, July 31st. OTR Global raised Coach to a “positive” rating in a report on Friday, July 21st. BMO Capital Markets set a $42.00 price objective on Coach and gave the stock a “hold” rating in a report on Tuesday. Finally, MKM Partners assumed coverage on Coach in a report on Monday, July 10th. They issued a “buy” rating and a $50.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Coach currently has a consensus rating of “Buy” and a consensus target price of $48.28.

In other news, insider Sarah Dunn sold 7,595 shares of Coach stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $46.07, for a total transaction of $349,901.65. Following the transaction, the insider now directly owns 74,627 shares of the company’s stock, valued at $3,438,065.89. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Andre Cohen sold 2,988 shares of Coach stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $46.06, for a total transaction of $137,627.28. Following the transaction, the insider now directly owns 43,198 shares in the company, valued at $1,989,699.88. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

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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