Can Coach Inc’s Tomorrow Be Different? Option Trader Are Very Bullish

 Can Coach Inc's Tomorrow Be Different? Option Trader Are Very Bullish

In today’s session Coach Inc (COH) registered an unusually high (1,282) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious COH increase. With 1,282 contracts traded and 15204 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: COH161118C00038000 closed last at: $0.65 or 160% up. About 145,174 shares traded hands. Coach Inc (NYSE:COH) has declined 3.31% since April 14, 2016 and is downtrending. It has underperformed by 7.99% 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. Coach Inc. has been the topic of 46 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Mizuho with “Neutral” on Friday, July 31. The rating was initiated by Guggenheim with “Buy” on Friday, September 30. The rating was upgraded by BB&T Capital to “Hold” on Monday, January 4. The firm earned “Outperform” rating on Wednesday, January 27 by Wolfe Research. The firm has “Outperform” rating by Telsey Advisory Group given on Friday, August 5. The stock of Coach Inc (NYSE:COH) has “Buy” rating given on Friday, August 7 by UBS. The stock of Coach Inc (NYSE:COH) has “Equal-Weight” rating given on Wednesday, October 21 by Morgan Stanley. As per Tuesday, December 15, the company rating was upgraded by Cowen & Co. Susquehanna initiated it with “Positive” rating and $40 target price in Monday, October 26 report. Barclays Capital maintained Coach Inc (NYSE:COH) rating on Wednesday, August 5. Barclays Capital has “Overweight” rating and $46.0 price target.

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 Q2 2016. 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.
Snyder Cap Management Ltd Partnership has 24,285 shares for 0.06% of their US portfolio. Amica Pension Fund Board Of Trustees, a Rhode Island-based fund reported 14,548 shares. The United Kingdom-based Barclays Public Llc has invested 0.01% in Coach Inc (NYSE:COH). Evercore Wealth Management accumulated 0.02% or 8,656 shares. Adage Prtnrs Grp Limited Company last reported 0.05% of its portfolio in the stock. Employees Retirement Systems Of Texas, a Texas-based fund reported 16,000 shares. Fifth Third Bancorporation has 4,893 shares for 0% of their US portfolio. Amica Mutual Insur last reported 21,096 shares in the company. Financial Bank accumulated 24,737 shares or 0.02% of the stock. Gyroscope Cap Mgmt Group Inc Ltd Liability Com, a Florida-based fund reported 90,016 shares. Calvert Inv Inc has 0.04% invested in the company for 19,032 shares. Jericho Capital Asset Management Lp last reported 3.69% of its portfolio in the stock. Amica Retiree Medical holds 0.08% of its portfolio in Coach Inc (NYSE:COH) for 2,219 shares. Jennison Associates Limited Liability Corporation last reported 5.56M shares in the company. Brown Brothers Harriman & last reported 0% of its portfolio in the stock.

Insider Transactions: Since June 14, 2016, the stock had 0 insider purchases, and 1 sale for $119,648 net activity. Shares for $119,648 were sold by Zeitlin Jide James on Tuesday, June 14.

Coach, Inc. is a design house of luxury accessories and lifestyle collections. The company has a market cap of $10.41 billion. The Company’s product offering uses a range of leathers, fabrics and materials. It has a 21.89 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 important recent Coach Inc (NYSE:COH) news were published by: Businesswire.com which released: “Coach, Inc. Declares Quarterly Cash Dividend” on November 15, 2016, also Fool.com published article titled: “Coach Inc. Posts Steady Sales Growth and Rising Profitability”, Investorplace.com published: “BURBY, COH: No, Burberry and Coach, Inc. Are NOT Merging” on October 21, 2016. More interesting news about Coach Inc (NYSE:COH) was released by: Finance.Yahoo.com and their article: “Coach, Inc. Reports Fiscal 2017 First Quarter Results; Drives Double-Digit …” with publication date: November 01, 2016.

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