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 Inc.’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 the Company's common stock as reported on the New York Stock Exchange Composite Index.
| High | Low | Closing | Dividends Declared per Common Share | ||||||||||||
| Fiscal 2016 Quarter ended: | |||||||||||||||
| September 26, 2015 | $ | 35.98 | $ | 27.62 | $ | 0.3375 | |||||||||
| December 26, 2015 | 33.45 | 27.22 | 0.3375 | ||||||||||||
| March 26, 2016 | 39.95 | 30.06 | 0.3375 | ||||||||||||
| July 2, 2016 | 42.13 | 36.64 | $ | 40.73 | 0.3375 | ||||||||||
| Fiscal 2015 Quarter ended: | |||||||||||||||
| September 27, 2014 | $ | 37.70 | $ | 33.39 | $ | 0.3375 | |||||||||
| December 27, 2014 | 37.60 | 32.72 | 0.3375 | ||||||||||||
| March 28, 2015 | 43.87 | 35.65 | 0.3375 | ||||||||||||
| June 27, 2015 | 43.45 | 34.00 | $ | 36.12 | 0.3375 |
As of August 5, 2016, there were 3,901 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 10, 2016, 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 the Company'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 July 2, 2016, the last trading day of Coach’s most recent fiscal year. The graph assumes that $100 was invested on July 2, 2011 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 below, and that all dividends were reinvested. The stock performance shown in the graph is not intended to forecast or be indicative of future performance.
| • | L Brands, Inc., |
| • | PVH Corp., |
| • | Ralph Lauren Corporation, |
| • | Tiffany & Co., |
| • | V.F. Corporation, |
| • | Estee Lauder, Inc., |
| • | Kate Spade & Company, |
| • | Abercrombie & Fitch Co., and |
| • | Michael Kors Holdings Limited |

| Fiscal 2011 | Fiscal 2012 | Fiscal 2013 | Fiscal 2014 | Fiscal 2015 | Fiscal 2016 | |||||||
| COH | $100.00 | $89.99 | $89.82 | $55.77 | $60.60 | $71.09 | ||||||
| Peer Set | $100.00 | $116.59 | $166.57 | $213.00 | $243.61 | $228.25 | ||||||
| S&P 500 | $100.00 | $103.94 | $125.34 | $156.24 | $170.88 | $174.86 |
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