Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
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Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market and Dividend Information
Coach’s common stock is listed on the New York Stock Exchange and is traded under the symbol “COH.” Coach’s Hong Kong Depositary Receipts have been listed on the Hong Kong Stock Exchange since December 2011 and the issuance from time-to-time of these Hong Kong Depositary Receipts has not been registered under the Securities Act, or with any securities regulatory authority of any state or other jurisdiction of the United States and is being made pursuant to Regulation S of the Securities Act. Accordingly, they may not be re-offered, resold, pledged or otherwise transferred in the United States or to, or for the account of, a “U.S. person” (within the meaning of Regulation S promulgated under the Securities Act), unless the securities are registered under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act, and hedging transactions involving the Hong Kong Depositary Receipts may not be conducted unless in compliance with the Securities Act. No additional common stock was issued, nor capital raised through this listing.
The following table sets forth, for the fiscal periods indicated, the high, low and closing prices per share of Coach’s common stock as reported on the New York Stock Exchange Composite Index.
| High | Low | Closing | Dividends Declared per Common Share | ||||||||||||
| Fiscal 2014 Quarter ended: | |||||||||||||||
| September 28, 2013 | $ | 59.58 | $ | 51.53 | $ | 0.3375 | |||||||||
| December 28, 2013 | 57.95 | 47.89 | 0.3375 | ||||||||||||
| March 29, 2014 | 56.72 | 44.31 | 0.3375 | ||||||||||||
| June 28, 2014 | 50.86 | 33.60 | $ | 34.47 | 0.3375 | ||||||||||
| Fiscal 2013 Quarter ended: | |||||||||||||||
| September 29, 2012 | $ | 63.24 | $ | 48.24 | $ | 0.3000 | |||||||||
| December 29, 2012 | 60.33 | 52.20 | 0.3000 | ||||||||||||
| March 30, 2013 | 61.94 | 45.87 | 0.3000 | ||||||||||||
| June 29, 2013 | 60.12 | 48.76 | $ | 57.09 | 0.3375 |
As of August 1, 2014, there were 5,031 holders of record of Coach’s common stock.
Any future determination to pay cash dividends will be at the discretion of Coach’s Board and will be dependent upon Coach’s financial condition, operating results, capital requirements and such other factors as the Board deems relevant.
The information under the principal heading “Securities Authorized For Issuance Under Equity Compensation Plans” in the Company’s definitive Proxy Statement for the Annual Meeting of Stockholders to be held on November 6, 2014, to be filed with the Securities and Exchange Commission (The “Proxy Statement”), is incorporated herein by reference.
Performance Graph
The following graph compares the cumulative total stockholder return (assuming reinvestment of dividends) of Coach’s common stock with the cumulative total return of the S&P 500 Stock Index and the “peer set” companies listed below over the five-fiscal-year period ending June 28, 2014, the last trading day of Coach’s most recent fiscal year.
| • | The Gap, Inc., |
| • | Guess?, Inc., |
| • | L Brands, Inc., |
| • | PVH Corp., |
| • | Ralph Lauren Corporation, |
| • | Tiffany & Co., |
| • | V.F. Corporation, and |
| • | Williams-Sonoma, Inc. |
Coach management selected the “peer set” on an industry/line-of -business basis and believes these companies represent good faith comparables based on their history, size, and business models in relation to Coach, Inc.

| June-09 | June-10 | June-11 | June-12 | June-13 | June-14 | |||||||
| COH | $100.00 | $137.40 | $243.47 | $225.11 | $227.13 | $138.96 | ||||||
| Peer Set | $100.00 | $147.40 | $243.56 | $247.69 | $348.08 | $376.76 | ||||||
| S&P 500 | $100.00 | $130.65 | $131.90 | $140.43 | $185.47 | $210.92 |
The graph assumes that $100 was invested on June 27, 2009 at the per share closing price in each of Coach’s common stock, the S&P 500 Stock Index and a peer set index compiled by us tracking the peer group companies listed above, and that all dividends were reinvested. The stock performance shown in the graph is not intended to forecast or be indicative of future performance.
Stock Repurchase Program
The Company did not repurchase any shares during the fourth quarter of fiscal 2014. As of June 28, 2014, Coach had $836,701 remaining in the stock repurchase program. The Company repurchases its common shares under the repurchase program that was approved by the Board as follows:
| Date Share Repurchase Programs were Publicly Announced | Total Dollar Amount Approved | Expiration Date of Plan | ||
| October 23, 2012 | $1.5 billion | June 2015 |
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