Could Coach Inc Change Direction After Today’s Bearish Options Activity?


 Could Coach Inc Change Direction After Today's Bearish Options Activity?

In today’s session Coach Inc (COH) recorded an unusually high (514) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious COH decrease. With 514 contracts traded and 13524 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: COH161118P00040000 closed last at: $4 or 0% . About 597,487 shares traded hands. Coach Inc (NYSE:COH) has declined 5.40% since March 2, 2016 and is downtrending. It has underperformed by 13.66% the S&P500.

Analysts await Coach Inc (NYSE:COH) to report earnings on October, 25. They expect $0.45 EPS, up 9.76% or $0.04 from last year’s $0.41 per share. COH’s profit will be $126.93M for 20.48 P/E if the $0.45 EPS becomes a reality. After $0.45 actual EPS reported by Coach Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Coach Inc (NYSE:COH) Ratings Coverage

Out of 28 analysts covering Coach Inc. (NYSE:COH), 17 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 61% are positive. $51 is the highest target while $27 is the lowest. The $37.83 average target is 2.60% above today’s ($36.87) stock price. Coach Inc. has been the topic of 46 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Buckingham Research upgraded Coach Inc (NYSE:COH) on Friday, July 24 to “Neutral” rating. The rating was maintained by Cowen & Co on Wednesday, August 5 with “Market Perform”. Cantor Fitzgerald maintained the shares of COH in a report on Wednesday, October 28 with “Hold” rating. The firm has “Outperform” rating by Wolfe Research given on Wednesday, January 27. The stock has “Outperform” rating given by Wells Fargo on Thursday, October 22. The stock has “Neutral” rating given by JP Morgan on Monday, August 3. The stock has “Positive” rating given by Susquehanna on Monday, October 26. The stock of Coach Inc (NYSE:COH) earned “Overweight” rating by Piper Jaffray on Monday, December 14. The rating was upgraded by UBS to “Buy” on Friday, August 7. The stock of Coach Inc (NYSE:COH) earned “Neutral” rating by Citigroup on Monday, April 18.

According to Zacks Investment Research, “Coach Inc. is a designer, producer and marketer of high-quality, modern, American classic accessories that complement the diverse lifestyles of discerning women and men. The company is one of the best recognized leather goods brands in the U.S. and is enjoying increased recognition in targeted international markets. The company attributes the prominence of the Coach brand to the unique combination of its original American attitude and design, its heritage in fine leather products, its superior product quality and durability and its commitment to customer service.”

Insitutional Activity: The institutional sentiment increased to 0.97 in 2016 Q2. Its up 0.04, from 0.93 in 2016Q1. The ratio is positive, as 61 funds sold all Coach Inc shares owned while 179 reduced positions. 49 funds bought stakes while 183 increased positions. They now own 243.72 million shares or 0.95% more from 241.43 million shares in 2016Q1.
Blackrock Fund Advsrs holds 0.04% of its portfolio in Coach Inc (NYSE:COH) for 4.81M shares. Bokf Na holds 0.1% or 71,646 shares in its portfolio. Freestone Cap Holding Limited Liability Corporation last reported 0.25% of its portfolio in the stock. Brave Asset Mngmt accumulated 0.51% or 18,690 shares. Sumitomo Mitsui Asset holds 0.11% or 85,180 shares in its portfolio. Amica Retiree Trust has invested 0.08% of its portfolio in Coach Inc (NYSE:COH). Horan has 2.42% invested in the company for 214,184 shares. Acadian Asset Management Ltd Llc accumulated 0% or 123 shares. Alliancebernstein Lp has invested 0.02% of its portfolio in Coach Inc (NYSE:COH). Thompson Mngmt reported 11,769 shares or 0.1% of all its holdings. Cantab Capital Prtn Llp holds 11,588 shares or 0% of its portfolio. The New York-based Olstein Mngmt Limited Partnership has invested 0.34% in Coach Inc (NYSE:COH). Northern Cap Mngmt Ltd Company holds 0.13% of its portfolio in Coach Inc (NYSE:COH) for 6,935 shares. Grantham Mayo Van Otterloo & Ltd Limited Liability Company holds 0.07% or 432,432 shares in its portfolio. Guardian Life Com Of America holds 0% of its portfolio in Coach Inc (NYSE:COH) for 1,041 shares.

Insider Transactions: Since May 3, 2016, the stock had 0 buys, and 2 insider sales for $337,165 net activity. The insider Zeitlin Jide James sold 3,206 shares worth $119,648. KROPF SUSAN J sold 5,330 shares worth $217,517.

Coach, Inc. is a design house of luxury accessories and lifestyle collections. The company has a market cap of $10.40 billion. The Company’s product offering uses a range of leathers, fabrics and materials. It has a 22.35 P/E ratio. The Company’s divisions include North America, International and Stuart Weitzman.

COH Company Profile

Coach, Inc. (Coach), incorporated on June 1, 2000, is a design house of luxury accessories and lifestyle collections. The Company’s product offering uses a range of leathers, fabrics and materials. The Company’s divisions include North America, International and Stuart Weitzman. The North America segment includes sales of Coach brand products to North American clients through Coach-operated stores (including the Internet) and sales to North American wholesale customers. The International segment includes sales to clients through Coach-branded stores and concession shop-in-shops in Japan, mainland China, Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Austria, Belgium, the Netherlands and Switzerland. The Stuart Weitzman segment includes sales across the world generated by the Stuart Weitzman brand, primarily through department stores in North America and international locations, and within Stuart Weitzman operated stores (including the Internet) in the United States, Canada and Europe.

More recent Coach Inc (NYSE:COH) news were published by: which released: “Why Shares of Coach Inc Plunged 11% Last Month” on September 10, 2016. Also published the news titled: “BRIEF-Coach Inc CEO Victor Luis’ 2016 total compensation was $9.9 million …” on September 30, 2016.‘s news article titled: “Analyst Update: Catabasis Pharmaceuticals Inc, Coach Inc, and Lululemon …” with publication date: September 29, 2016 was also an interesting one.

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