Aperio Group LLC Boosts Position in Coach, Inc. (NYSE:COH)

Aperio Group LLC increased its position in Coach, Inc. (NYSE:COH) by 17.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,116 shares of the luxury accessories retailer’s stock after buying an additional 21,246 shares during the period. Aperio Group LLC owned about 0.05% of Coach worth $6,917,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. CWM LLC raised its stake in shares of Coach by 104.1% in the first quarter. CWM LLC now owns 128,720 shares of the luxury accessories retailer’s stock worth $5,320,000 after buying an additional 65,659 shares in the last quarter. Tompkins Financial Corp bought a new stake in shares of Coach during the first quarter worth approximately $120,000. National Pension Service raised its stake in shares of Coach by 11.8% in the first quarter. National Pension Service now owns 285,055 shares of the luxury accessories retailer’s stock worth $11,884,000 after buying an additional 30,158 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in shares of 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 worth $3,425,000 after buying an additional 1,360 shares in the last quarter. Finally, Sheets Smith Wealth Management raised its stake in shares of Coach by 1.8% in the first quarter. Sheets Smith Wealth Management now owns 17,239 shares of the luxury accessories retailer’s stock worth $712,000 after buying an additional 303 shares in the last quarter. 88.44% of the stock is owned by hedge funds and other institutional investors.

Coach, Inc. (NYSE COH) opened at 47.83 on Wednesday. Coach, Inc. has a 1-year low of $34.07 and a 1-year high of $48.85. The company has a market cap of $13.45 billion, a PE ratio of 25.83 and a beta of 0.45. The company has a 50-day moving average price of $47.33 and a 200-day moving average price of $42.30.

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A number of equities analysts have recently weighed in on the company. UBS AG restated a “buy” rating and issued a $47.00 target price on shares of Coach in a research note on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) upgraded Coach to a “buy” rating in a research note on Saturday, July 1st. Vetr upgraded Coach from a “sell” rating to a “hold” rating and set a $45.98 target price on the stock in a research note on Monday, July 31st. Piper Jaffray Companies set a $47.00 target price on Coach and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Coach in a research note on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $48.11.

In other Coach news, insider Sarah Dunn sold 7,595 shares of the business’s stock in a transaction 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 sale, the insider now owns 74,627 shares in the company, valued at approximately $3,438,065.89. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Andre Cohen sold 10,087 shares of the business’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $45.35, for a total transaction of $457,445.45. Following the completion of the sale, the insider now owns 46,186 shares in the company, valued at approximately $2,094,535.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,670 shares of company stock worth $944,974. 0.81% of the stock is owned by corporate insiders.

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.

Institutional Ownership by Quarter for Coach (NYSE:COH)

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