Pekin Singer Strauss Asset Management IL continued to hold its stake in shares of Coach, Inc. (NYSE:COH) during the second quarter, Holdings Channel reports. The firm owned 6,300 shares of the luxury accessories retailer’s stock at the end of the second quarter. Pekin Singer Strauss Asset Management IL’s holdings in Coach were worth $298,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its stake in shares of Coach by 2.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,026,327 shares of the luxury accessories retailer’s stock worth $48,587,000 after buying an additional 21,947 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Coach during the second quarter worth about $516,000. Morse Asset Management Inc increased its stake in shares of Coach by 122.1% in the second quarter. Morse Asset Management Inc now owns 78,945 shares of the luxury accessories retailer’s stock worth $3,737,000 after buying an additional 43,405 shares in the last quarter. Advisor Partners LLC bought a new stake in shares of Coach during the second quarter worth about $233,000. Finally, TD Asset Management Inc. increased its stake in shares of Coach by 2.3% in the second quarter. TD Asset Management Inc. now owns 573,082 shares of the luxury accessories retailer’s stock worth $27,130,000 after buying an additional 13,143 shares in the last quarter. 88.44% of the stock is currently owned by institutional investors and hedge funds.

Coach, Inc. (COH) opened at 47.55 on Friday. The company’s 50-day moving average price is $47.51 and its 200 day moving average price is $42.74. The company has a market capitalization of $13.37 billion, a price-to-earnings ratio of 25.67 and a beta of 0.45. Coach, Inc. has a 12 month low of $34.07 and a 12 month high of $48.85.

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A number of brokerages recently issued reports on COH. Vetr raised Coach from a “sell” rating to a “hold” rating and set a $45.98 price target on the stock in a research report on Monday. UBS AG reissued a “buy” rating and set a $55.00 price target on shares of Coach in a research report on Friday. BMO Capital Markets set a $42.00 price target on Coach and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Jefferies Group LLC downgraded Coach from a “buy” rating to a “hold” rating and reduced their price target for the stock from $53.00 to $45.00 in a research report on Monday, July 31st. Finally, OTR Global raised Coach to a “positive” rating in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-one have given a buy rating to the company. Coach has a consensus rating of “Buy” and an average target price of $48.28.

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

About Coach

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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