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5 Luxury Goods Stocks for Santa Claus Rally

Stocks in this article: ELLTDCOHPVHPERY

3. Coach (COH) is a marketer of fine accessories and gifts for women and men, including handbags, small leather goods, business cases, weekend and travel accessories, footwear, watches, outerwear, scarves, sun wear, fragrance, jewelry and related accessories.

Of the 29 analysts covering the stock, 65% recommend a buy and the rest suggest a hold. The stock's average 12-month price target is $71.32, or 19.1% above the current price, according a Bloomberg consensus.

For 2012 first quarter, the company recorded revenue of $1.1 billion, an increase of 15% from the same quarter last year. Net income for the quarter was up 14% at $215 million, while EPS rose by 16%. Operating income stood at $322 million, growing 13%. Gross profit rose 13% to $765 million. Direct-to-consumer sales were up 17%.

North American comparable-store sales improved 9.2% for the quarter.

Earlier this month, COH became the first U.S- incorporated company to list on the Hong Kong Stock Exchange.

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