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COH

Coach, Inc.

5/19/2013, 10:57 PM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Thursday, May 16, 5:10 PM Coach, Inc. (COH) declares $0.3375/share quarterly dividend, 12.5% increase from prior dividend of $0.30. Forward yield 2.29%. For shareholders of record June 7. Payable July 1. Ex-div date June 5. (PR) Comment! [Dividends]
Monday, May 13, 2:50 PM Coach (COH -0.2%) wants to accessorize by buying a new brand after the emergence of Michael Kors and other new brands in North America has made organic growth tougher. The company approached luxury retailer Tory Burch last year, but a $2B-$3B deal offer wasn't quite enticing enough to land a deal. Comment! [Consumer, M&A]
Tuesday, May 7, 9:29 AM Retail sales numbers for April could be a tad weaker than expected after weekly reports from Redbook and ICSC-Goldman on chain store sales both came in a bit below expectations. Retail read-through: Weather and swings in gas prices seemed to impact store traffic to malls (KSS, DDS, JCP, LTD, GPS, ANF, AEO) and supercenters (WMT, COST TGT), but economists think consumer confidence on the high end (TIF, RL, SKS, COH, BBBY) just might be on the rise. Also, with online sales de-emphasized in the weekly chain store reports - Internet whiz kids Macy's (M) and Urban Outfitters (URBN) could still outperform even if mall parking lots aren't packed. 1 Comment [Consumer, U.S. Economy]
Thursday, May 2, 7:11 AM Retail sales in Hong Kong rose 9.8% in March to 40.2B HKD ($15.8B) to come in significantly slower than the 15% consensus forecast of analysts. By volume, sales rose 10.2% compared to the forecast for 14% and the 21.9% pace seen in February when the Lunar New Year holiday hit the calendar. Luxury sellers in particular are looking for strong sales numbers from Hong Kong. On watch: Gucci (GUCG.PK), Prada, Louis Vuitton (LVMUY.PK), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY.PK), Burberry (BURBY.PK), and Tiffany (TIF). Comment! [Global & FX, Consumer]
Wednesday, May 1, 8:31 AM Luxury retailers plan to start using junkets to bring wealthy Chinese consumers to Hong Kong stores. The practice has done wonders for the casino industry in Macau and could help spur sales with luxury and import taxes in HK lower than on the mainland. High-end China sellers: Gucci (GUCG.PK), Prada, Louis Vuitton (LVMUY.PK), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY.PK), Burberry (BURBY.PK), and Tiffany (TIF) 1 Comment [Consumer, Global & FX]
Friday, April 26, 9:10 AM Luxury retail watch: If expensive apparel doesn't play well with Chinese high-end buyers, don't expect to see it in U.S. stores with the Chinese accounting for over 25% of the world's luxury market. An increased tendency in the U.S. for millionaires to dress down - instead of showing off opulence - is also factoring into the dominance of China. What to watch: High-end sellers such as Gucci (GUCG.PK), Prada, Louis Vuitton (LVMUY.PK), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY.PK), Burberry (BURBY.PK), and Tiffany (TIF) might become even more blatant with new designs on which market is the top priority. Comment! [Consumer, Global & FX]
Tuesday, April 23, 10:07 AM Coach (COH +10.9%) says it will explore selling its RK brand with executive creative director Reed Krakoff deciding to leave the firm. What to watch: The lack of any mention of buybacks in Q1, along with the sale of the RK brand, leaves open the possibility Coach has something bigger up its sleeve. Comment! [Consumer, On the Move]
Tuesday, April 23, 9:25 AM Coach (COH) increases its annual dividend to $1.35/share, 13% increase from prior annual dividend of $1.20. The dividend increase represents an annual yield of 2.67%. (PR) 1 Comment [Dividends]
Tuesday, April 23, 9:10 AM Premarket gainers: MEMS +50%. SCON +46%. NFLX +24%. VECO +14%. COH +12%. ILMN +10%. ARMH +9%. CZR +8%. STM +6%. AMRN +6%.
Losers: IRWD -10%. RSH -7%. IOC -6%. Comment! [On the Move]
Tuesday, April 23, 7:46 AM Shares of Coach (COH) rip 13% higher premarket after the retailer beats profit estimates and ups it dividend. Though comparable sales in the U.S. topped estimates by growing 1%, it's the 40% jump in sales in China which shows the company's growth engine is still revving. 2 Comments [Consumer, On the Move]
Tuesday, April 23, 7:16 AM More on Coach's (COH) Q1: Sales in North America rose 7% Y/Y to $792M led by the direct-to-consumer channel while international sales increased 6% to $382M. A big focus on the Men's business appears to be paying off for the retailer with sales on track to double to over $600M this year. The company raises its annual dividend payout by $0.15 to $1.35 per share. (PR) 1 Comment [Consumer, Earnings]
Tuesday, April 23, 7:02 AM Coach (COH): FQ3 EPS of $0.84 beats by $0.03. Revenue of $1.19B (+7% Y/Y) in-line. (PR) Comment! [Earnings, Breaking News, Consumer]
Tuesday, April 23, 12:05 AM Notable earnings before Tuesday’s open: ACI, AKS, AOS, APD, ARMH, CIT, CNC, COH, DAL, DD, DFS, EAT, ECA, FMER, FRX, GCI, GNTX, IDXX, IIVI, IR, IRWD, ITW, JCI, JNS, LCC, LECO, LMT, LXK, MOLX, PCAR, PCH, PII, PMT, PNR, R, RAI, RF, RSH, SNV, ST, TRV, UTX, WAT, XRX 1 Comment [Earnings]
Monday, April 22, 5:30 PM Notable earnings before Tuesday’s open: ACI, AKS, AOS, APD, ARMH, CIT, CNC, COH, DAL, DD, DFS, EAT, ECA, FMER, FRX, GCI, GNTX, IDXX, IIVI, IR, IRWD, ITW, JCI, JNS, LCC, LECO, LMT, LXK, MOLX, PCAR, PCH, PII, PMT, PNR, R, RAI, RF, RSH, SNV, ST, TRV, UTX, WAT, XRX Comment! [Earnings]
Monday, April 22, 1:57 PM Coach (COH -0.9%) could see some more pressure from Michael Kors (KORS -2.3%) as the retailer introduces more luggage and accessories aimed at Coach's target buyer. The development could create another obstacle in Coach's quest to grow sales in North America. On tap: Coach's FQ3 earnings will be released tomorrow with comparable-store sales and direct-to-consumer sales in focus. 1 Comment [Consumer]
Friday, April 19, 8:55 AM Coach (COH) slides 1.5% premarket after a downgrade to Hold and lowering of price target to $59 (from $61) at Baird. "Our annual handbag survey suggests continued market share pressure." 2 Comments [Consumer, On the Move]

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