Are Coach’s Top Institutional Shareholders Concerned About This Downgrade?

Coach (NYSE:COH): Coach, Inc. has been downgraded from Outperform to Neutral, sending its stocks into a slide in pre-market trading on Friday. Baird, which initiated the downgrade, said, “Our annual handbag survey suggests continued market share pressure” as the reason behind the downgrade. Coach’s stock has since rebounded from its skid this morning, at least partially.

These institutional firms indicated owning shares of Coach Inc. in Q1 2013. They reported owning a total of 53.337 million shares on 03/31/2013. The shares closed at $49.99 on 03/31/2013.

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Here are the ten largest positions in Coach Inc. at the end of March 31st, 2013.

Vanguard Group Inc. held 12,803,161 shares on 03/31/2013 worth $640,030,040. This brought the portfolio total to 0.07%.

Blackrock Institutional Trust Company N.A. held 9,239,873 shares on 03/31/2013 worth $461,901,267. This brought the portfolio total to 0.09%.

Blackrock Group Ltd held 4,937,197 shares on 03/31/2013 worth $246,810,486. This brought the portfolio total to 0.18%.

Bank of New York Mellon Corp. held 4,704,581 shares on 03/31/2013 worth $235,182,012. This brought the portfolio total to 0.07%.

Independent Franchise Partners LLP held 4,305,850 shares on 03/31/2013 worth $215,249,449. This brought the portfolio total to 4.35%.

Blackrock Fund Advisors held 2,382,675 shares on 03/31/2013 worth $119,109,927. This brought the portfolio total to 0.05%.

Nordea Investment Management AB held 1,544,668 shares on 03/31/2013 worth $77,217,956. This brought the portfolio total to 0.5%.

Blackrock Inc. held 1,457,092 shares on 03/31/2013 worth $72,840,032. This brought the portfolio total to 0.14%.

Blackrock Advisors LLC held 1,396,840 shares on 03/31/2013 worth $69,828,034. This brought the portfolio total to 0.07%.

Blackrock Japan Co. Ltd held 1,332,357 shares on 03/31/2013 worth $66,604,529. This brought the portfolio total to 0.31%.

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