A Reversal for Coach Inc Is Not Near. Professional Options Traders Are Bearish

 A Reversal for Coach Inc Is Not Near. Professional Options Traders Are Bearish

In today’s session Coach Inc (COH) recorded an unusually high (829) 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 829 contracts traded and 16684 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: COH161118P00033000 closed last at: $0.2 or 55.6% down. About 799,566 shares traded hands. Coach Inc (NYSE:COH) has declined 12.46% since April 1, 2016 and is downtrending. It has underperformed by 13.68% the S&P500.

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 6.62% above today’s ($35.48) stock price. Coach Inc. has been the topic of 46 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Wednesday, August 5 the stock rating was maintained by Cowen & Co with “Market Perform”. The stock has “Outperform” rating given by Telsey Advisory Group on Friday, August 5. The firm earned “Neutral” rating on Wednesday, October 7 by Citigroup. Topeka Capital Markets maintained it with “Buy” rating and $47 target price in Wednesday, October 28 report. The stock of Coach Inc (NYSE:COH) has “Buy” rating given on Tuesday, August 18 by Jefferies. The firm earned “Hold” rating on Wednesday, October 28 by Cantor Fitzgerald. Buckingham Research upgraded Coach Inc (NYSE:COH) rating on Friday, July 24. Buckingham Research has “Neutral” rating and $30 price target. Mizuho maintained the stock with “Neutral” rating in Friday, January 22 report. CLSA initiated it with “Buy” rating and $45 target price in Thursday, September 29 report. The firm has “Outperform” rating given on Thursday, September 10 by RBC Capital Markets.

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 increased, 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.
Cramer Rosenthal Mcglynn Limited Liability Company holds 0.15% of its portfolio in Coach Inc (NYSE:COH) for 228,510 shares. Creative Planning holds 0% or 14,488 shares in its portfolio. Cornerstone Investment Prtnrs Limited Liability Company owns 28,485 shares or 0.04% of their US portfolio. The New York-based Fox Point Management has invested 3.63% in Coach Inc (NYSE:COH). Jfs Wealth Advisors Limited Co owns 49 shares or 0% of their US portfolio. Buckingham Capital Mngmt Incorporated has invested 2.81% of its portfolio in Coach Inc (NYSE:COH). Gotham Asset Mngmt Limited Com holds 0.18% or 368,665 shares in its portfolio. Moreover, Rhumbline Advisers has 0.06% invested in Coach Inc (NYSE:COH) for 463,841 shares. The Minnesota-based Us National Bank De has invested 0.01% in Coach Inc (NYSE:COH). Tompkins Financial last reported 2,530 shares in the company. Franklin Street Advisors Nc, a North Carolina-based fund reported 111,755 shares. Moreover, Gagnon Securities Ltd Liability Corporation has 0.55% invested in Coach Inc (NYSE:COH) for 28,227 shares. Blackrock Japan Com Ltd holds 0.05% or 349,989 shares in its portfolio. Sol Capital Co holds 15.52% or 1.14 million shares in its portfolio. Moreover, Taylor Frigon Capital Mgmt Lc has 1.51% invested in Coach Inc (NYSE:COH) for 35,542 shares.

Insider Transactions: Since June 14, 2016, the stock had 0 buys, and 1 sale for $119,648 net activity. Zeitlin Jide James also sold $119,648 worth of Coach Inc (NYSE:COH) shares.

Coach, Inc. is a design house of luxury accessories and lifestyle collections. The company has a market cap of $10.16 billion. The Company’s product offering uses a range of leathers, fabrics and materials. It has a 21.51 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: Fool.com which released: “Coach Inc. Posts Steady Sales Growth and Rising Profitability” on November 01, 2016. Also Businesswire.com published the news titled: “Coach, Inc. Reports Fiscal 2017 First Quarter Results; Drives Double-Digit …” on November 01, 2016. Investorplace.com‘s news article titled: “BURBY, COH: No, Burberry and Coach, Inc. Are NOT Merging” with publication date: October 21, 2016 was also an interesting one.

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