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Each of these stocks got a buy rating from
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.