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Coach, Inc. (COH)

  • Jan. 22, 2013, 10:17 AM
    Investors appear to be a little skittish about holding Coach (COH -1.4%) in front of the retailer's Q4 earnings release, set for tomorrow. The company's performance in North America will be in focus with analysts keen to find out if it lost more ground to Michael Kors in the luxury handbag market or saw margins slip any further.
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  • Jan. 9, 2013, 2:48 PM
    Department store malaise: Macquarie's Liz Dunn take a swipe at the prospect for department stores to beat sales estimates, saying the expiration of the payroll tax cut and shaky consumer confidence will hit the sector fairly hard. She favors global brands selling in hotter markets such as Ralph Lauren (RL +1.8%), Coach (COH +1.9%), and Fossil (FOSL +0.7%) over mall-based plays such as J.C. Penney (JCP -0.7%), Kohl's (KSS +0.5%), and Macy's (M -0.6%).
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  • Jan. 9, 2013, 10:13 AM
    Retail analyst Rahul Sharma raises the possibility that purse strings in China could be loosening again after retail sales in the nation came in strong recently and Macau gambling picked up again. Good news from China's high-end spenders would also be good news for Tiffany's (TIF +0.8%), Ralph Lauren (RL +0.8%), Coach (COH +0.9%), Estee Lauder (EL +0.7%), and Michael Kors (KORS +0.4%).
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  • Jan. 8, 2013, 9:48 AM
    A number of luxury stocks trade higher after a solid holiday sales report from Signet sets the table. Recent economic news on Chinese luxury spending has also helped tipped sentiment in the sector. Advancers: FOSL +2.9%, COH +2.3%, KORS +1.1%, RL +1.1%.
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  • Dec. 12, 2012, 8:44 AM
    Chinese e-commerce companies gear up for a gigantic "double 12" promotion which follows up on last month's "Single's Day" event on November 11. Though online shopping accounts for a lower percentage of total sales in China than in the U.S. or in many European nations, the pie is still much bigger. The November 11 promotion kicked up 19.1B yuan ($3.06B) in online sales - close to 50% more than what U.S. companies hauled in on Cyber Monday.
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  • Dec. 11, 2012, 11:21 AM
    Goldman Sachs issues a harsh Sell rating on Coach (COH -0.1%) with a price target of $58. The action hasn't knocked shares off their tight range of $56 to $60 - where they have been dancing for the last four weeks.
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  • Dec. 4, 2012, 7:18 AM
    Coach (COH) announced change in payment date of quarterly dividend to Dec. 27 from previously announced Jan. 02. However, the records date remains unchanged at Dec. 07. (PR)
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  • Nov. 29, 2012, 1:29 PM
    Deloitte retail analyst Alison Paul doesn't think the Hurricane Sandy excuse being trotted out by major retailers is too far off base. After accounting for a significant pre-storm slowdown and major power outages in the Northeast, she thinks the numbers as a whole are actually quite good. In that same vein, other analysts point to layaway sales and online sales yet to ship as two categories that will help December compensate for the light November.
  • Nov. 29, 2012, 7:27 AM
    Luxury stocks could trade with some apprehension after Tiffany (TIF) misses the profit estimates of analysts by a wide margin and guided its expectations for FY12 lower. Though higher precious metal costs are particular to the company, the sluggish demand in U.S. and Europe for high-end products could be systemic to the sector. On watch: Fossil (FOSL), Coach (COH), Ralph Lauren (RL), Movado (MOV).
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  • Nov. 23, 2012, 6:51 AM
    Black Friday shopping will be the headline story in retail for the day, but the underlying plot will be the effect online channels have on the total sales hauls. Though various trade groups tag Black Friday weekend shopping to see a 3% to 4% rise this year, online shopping is expected to increase by closer to 15% heading into Cyber Monday. Online has also been where the winners and losers in the sector have been separated with major online forces such as Macy's (M) and Dick's Sporting Goods (DKS) roaring to huge gains - while the likes of J.C. Penney (JCP) and Big Lots (BIG) limp along.
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  • Nov. 15, 2012, 8:25 AM
    Coach, Inc. (COH) declares $0.30/share quarterly dividend, in line with previous. Forward yield 2.26%. For shareholders of record Dec. 7. Payable Jan 2. Ex-div Dec. 5. (PR)
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  • Nov. 13, 2012, 8:04 AM
    Shares of Michael Kors (KORS) slump 6.1% in premarket trading after the firm's guidance shows a pace of growth below expectations. Analysts had the luxury retailer lined up for FY13 revenue of $1.98B, above the forecast that came in from the company of $1.86B-$1.96B. Notable Calls expects a vigorous defense from bulls, but warns valuation questions are now teed up. Also on watch: Coach (COH), Ralph Lauren (RL), PVH.
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  • Nov. 2, 2012, 7:56 AM
    The recent mix of economic news and retail sales reports sets the table for a holiday retail season that will come in better than original forecasts, according to IHS Global Insight. What to watch: While Hurricane Sandy is only an "interruption" to retailers on a strong growth track and an "excuse" for underperformers, two potential drags on Q4 retail sales could be a fiscal cliff that doesn't get resolved or a national election that is in dispute.
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  • Nov. 2, 2012, 7:18 AM
    Coach (COH) wins a $257M default judgement against an outfit accused of running a counterfeiting operation of Coach merchandise. As part of the legal victory, the company was granted ownership of 573 Internet domain names used by the operation.
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  • Oct. 31, 2012, 10:04 AM
    Mall-based retailers and department stores are holding up relatively well in early trading after the effect of Hurricane Sandy was lined up as a major Q4 headwind. The trick now is to figure out which retail firms can recover lost sales. Two notables exceptions to the subdued trading pattern - J.C. Penney (JCP -4.8%) and Sears (SHLD -6.5%) - had a slightly higher percentage of stores in the path of Hurricane Sandy than the average in the sector.
  • Oct. 30, 2012, 10:02 AM
    Forecasts on the effect of Hurricane Sandy on retail sales still vary greatly, although the general consensus is that a short-term boost of emergency items will lift sales for select companies while the prolonged cleanup could dampen overall holiday sales. Analysts see the list of losers much longer than the list of winners as home repairs take up a great deal of discretionary spending. In a nutshell: Every retailer has a different Sandy-related thesis, with product and geographic mix essential to estimating Q4 numbers.
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Company Description
Coach Inc is a New York design house of modern luxury accessories and lifestyle collections. Its product offerings include women's and men's bags, accessories, business cases, footwear, wearables, jewelry, sunwear, travel bags, watches and fragrance.