Coach, Inc.(COH)- NYSE
  • Wed, Sep. 14, 7:25 AM
    • Morgan Stanley downgrades Coach (NYSE:COH) to an Underweight rating after having the stock set at Equalweight.
    • Analyst Kimberly Greenberger raises concerns over the sharp drop in merchandise margins at the luxury chain due to a high level of promotional activity in the outlet channel.
    • The investment firm lowers its price target to $32 vs. the 52-week Coach trading range of $27.22 to $43.71.
    • COH -2.37% premarket to $35.43.
    | Wed, Sep. 14, 7:25 AM | 24 Comments
  • Thu, Sep. 8, 7:13 AM
    | Thu, Sep. 8, 7:13 AM
  • Tue, Sep. 6, 11:20 AM
    • August monthly performance was: -0.6%
    • AUM of $2.06B
    • 52-week performance vs. the S&P 500 is: +5%
    • $0.21 in dividends were paid in August
    • Top 10 Holdings as of 7/29/2016: ONEOK Inc (OKE): 2.51645%, Mattel Inc (MAT): 1.45532%, CenterPoint Energy Inc (CNP): 1.35453%, Frontier Communications Corp Class B (FTR): 1.23381%, Coach Inc (COH): 1.17484%, CMS Energy Corp (CMS): 0.92805%, Macquarie Infrastructure Corp (MIC): 0.92426%, SCANA Corp (SCG): 0.9029%, Microchip Technology Inc (MCHP): 0.82578%, The AES Corp (AES): 0.82339%
    | Tue, Sep. 6, 11:20 AM
  • Tue, Aug. 9, 7:28 AM
    • Coach (NYSE:COH) reports comparable store sales in North America increased 2% in FQ4. E-commerce contributed a percentage point of the growth during the quarter.
    • International Coach brand sales were up 15% to $450M. Strong results were seen across both Europe and Asia.
    • The company's gross margin rate fell 120 bps to 67.0%.
    • SG& expenses as a percentage of sales were up 130 bps to 57.7%.
    • Operating margin rate +250 bps to 15.1%.
    • Previously: Coach beats by $0.04, misses on revenue (Aug. 9)
    • COH -3.02% premarket to $40.20.
    | Tue, Aug. 9, 7:28 AM
  • Tue, Aug. 9, 6:46 AM
    • Coach (NYSE:COH): FQ4 EPS of $0.45 beats by $0.04.
    • Revenue of $1.15B (+15.0% Y/Y) misses by $20M.
    • Press Release
    | Tue, Aug. 9, 6:46 AM | 8 Comments
  • Mon, Aug. 8, 5:30 PM
  • Fri, Aug. 5, 9:40 AM
    • Telsey Advisory Group shifts to an Outperform rating on Coach (COH +1.3%) after having the retailer set at Market Perform.
    • The investment firm has a brighter short-term outlook for Coach with product and store initiatives looking promising.
    • Shares of Coach are still down 3% for the week after a weak earnings report from Kate Spade influenced sentiment.
    | Fri, Aug. 5, 9:40 AM
  • Wed, Aug. 3, 9:47 AM
    • Kate Spade's (KATE -19.2%) weak results posted earlier this morning have created some broad anxiety across the spectrum of retailers that sell handbags luxury apparel, and accessories.
    • The report from Kate Spade threw a bright spotlight on the uphill battle the sector faces in replacing sales from the reduced level of tourists pouring into the U.S.
    • Coach (COH -1%), Vera Bradley (VRA -2.5%), Michael Kors (KORS -4%), Movado (MOV -0.3%), and Fossil (FOSL -2.9%) are all notably lower.
    • Previously: Weak tourism cuts into results at Kate Spade (Aug. 3)
    | Wed, Aug. 3, 9:47 AM | 1 Comment
  • Wed, Aug. 3, 9:15 AM
    | Wed, Aug. 3, 9:15 AM | 14 Comments
  • Tue, Aug. 2, 3:11 PM
    • UBS says the sale-leaseback of Coach's (COH -4%) Hudson Yards HQ will add $0.03 to FY17 EPS and $0.18 to FY18 EPS, with an increased level of buybacks and debt repayment in play.
    • The investment firm sees Coach beating the consensus EPS estimate by a penny next week when the company reports FQ4 earnings.
    • Looking ahead, UBS predicts Coach will gain market share and achieve a "strong" full price selling rate.
    • "We saw significant levels of KORS/KATE during our recent TJX/ROST store tours…but no Coach," tips analyst Michael Binetti who ranks #566 out of 4,083 analysts on TipRanks.
    • UBS keeps a Buy rating and $48 price target on Coach.
    • Previously: Coach sells headquarters for $707M, logs $30M gain (Aug. 1)
    | Tue, Aug. 2, 3:11 PM
  • Tue, Aug. 2, 10:04 AM
    • July monthly performance was: +2.99%
    • AUM of $1.99B
    • 52-week performance vs. the S&P 500 is: +7%
    • $0.24 in dividends were paid in July
    • Top 10 Holdings as of 6/30/2016: ONEOK Inc (OKE): 2.68634%, Mattel Inc (MAT): 1.37579%, CenterPoint Energy Inc (CNP): 1.3705%, Frontier Communications Corp Class B (FTR): 1.18302%, Coach Inc (COH): 1.12088%, CMS Energy Corp (CMS): 0.94653%, SCANA Corp (SCG): 0.91588%, Macquarie Infrastructure Corp (MIC): 0.89711%, Helmerich & Payne Inc (HP): 0.8648%, Digital Realty Trust Inc (DLR): 0.85433%
    | Tue, Aug. 2, 10:04 AM
  • Mon, Aug. 1, 7:10 PM
    • Coach (COH +0.8%) says it's performed a sale-leaseback of its New York City headquarters.
    • The company got $707M in a purchase price (from an unknown buyer) before transaction costs of $26M for selling its 10 Hudson Yards property. That results in a gain of about $30M that the company will amortize over 20 years, coinciding with the company's long-term lease of the space.
    • It will be the largest tenant in the new building and bring its Coach and Stuart Weitzman brands together in one area.
    • Shares are flat in after-hours trading.
    | Mon, Aug. 1, 7:10 PM | 4 Comments
  • Wed, Jul. 27, 9:04 AM
    • Shares of Coach (NYSE:COH) are on watch after Credit Suisse upgrades the high-end fashion house to Outperform from Neutral.
    • "We believe stabilization in Coach's core business combined with a possible acquisition narrative could help drive significant, sustained earnings power long-term," reads the analyst note.
    • CS assigns a price target of $47 to Coach.
    • COH +1.14% premarket to $43.62.
    | Wed, Jul. 27, 9:04 AM | 7 Comments
  • Mon, Jul. 18, 7:17 AM
    • Baird upgrades Coach (NYSE:COH) to an Outperform rating from Neutral after taking in positive results from a handbag survey.
    • Analyst Mark Altschwager sees sales trends improving for Coach, including in the outlet channel.
    • The investment firm lifts its price target to $50 from $45.
    • COH +0.95% premarket to $42.70.
    | Mon, Jul. 18, 7:17 AM | 4 Comments
  • Thu, Jul. 14, 7:31 AM
    • Coach (NYSE:COH) appoints Wendy Kahn to be the chief executive and brand officer of Stuart Weitzman.
    • Kahn, currently CEO of Valentino USA, takes over the position on September 13. The exec will succeed Wayne Kulkin who will become a consultant to Coach.
    • Coach acquired womens footwear maker Stuart Weitzman for $574M in 2015.
    | Thu, Jul. 14, 7:31 AM | 1 Comment
  • Tue, Jul. 5, 2:43 PM
    • Full-price sales of luxury items have dropped sharply since the Brexit vote came in. Data-tracking firm Edited reports global luxury sell outs decreased 60% in the two weeks after the Brexit referendum, compared to the two-week period prior to the vote.
    • The sector was already having a challenging year due a drop in Chinese tourism before the shock U.K. result.
    • Luxury retailers: Gucci (OTC:PPRUF, OTCPK:PPRUY), Louis Vuitton (OTCPK:LVMUY), Coach (NYSE:COH), Ralph Lauren (NYSE:RL), Michael Kors (NYSE:KORS), Burberry (OTCPK:BURBY), Tiffany (NYSE:TIF), LVMH (OTCPK:LVMHF, OTCPK:LVMUY), Richemont (OTCPK:CFRUY, OTCPK:CFRHF), Remy Cointreau (OTCPK:REMYF, OTCPK:REMYY).
    | Tue, Jul. 5, 2:43 PM | 12 Comments