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Retail Stocks Hitting 52-Week Highs: Coach, Macy's, Men's Wearhouse, Carter's

NEW YORK ( TheStreet) -- Shares of retailers Coach (COH - Get Report), Macy's (M - Get Report), Men's Wearhouse (MW) and Carter's (CRI - Get Report) reached 52-week highs Friday.

Each of these stocks got a buy rating from TheStreet Ratings.


The accessories retailer reported fiscal second-quarter earnings of $347 million, or $1.18 a share, on Jan. 24. That performance was up from earnings of $303 million, or $1 a share, in the same period a year earlier.

"We continue to believe that growth in the men's business is the underappreciated element of the COH story," KeyBanc Capital Markets analysts wrote in a Jan. 25 report. "The men's business is expected to more than double to $400 million this fiscal year. There are a number of reasons why we find the men's growth story compelling; with particular focus on its ability to both grow the existing U.S. retail business as well as strengthen COH's expansion opportunity abroad. Management noted that it hopes to achieve $1 billion in sales; we think this is achievable over the next two or three years."

Shares of Coach hit a 52-week high of $72.39 on Friday. The stock's 52-week low of $45.70 was set on Aug. 19.

Coach shares trade at a forward price-to-earnings multiple of 17.84. The average forward P/E among the clothing and accessories companies is 16.88. Hanesbrands (HBI) has a forward P/E of 8.22; Jones Group (JNI) has a forward P/E of 8.17.

Nineteen of the 29 analysts who cover Coach rated it a buy; 10 consider it a hold.

TheStreet Ratings gives Coach an A+ grade and has a $90.42 price target on the shares. The stock has risen 18.59% year to date.

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COH $33.65 -1.17%
CRI $85.04 -0.90%
M $38.81 -1.77%
MW $13.08 3.40%
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