Coach Inc. (COH): Today's Featured Consumer Non-Durables Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. Coach (COH) pushed the Consumer Non-Durables industry lower today making it today's featured Consumer Non-Durables laggard. The industry as a whole closed the day down 1.4%. By the end of trading, Coach fell $3.04 (-5.3%) to $53.91 on average volume. Throughout the day, six million shares of Coach exchanged hands as compared to its average daily volume of five million shares. The stock ranged in price between $53.86-$57.04 after having opened the day at $57.04 as compared to the previous trading day's close of $56.95. Other companies within the Consumer Non-Durables industry that declined today were: Cereplast (CERP), down 7.4%, ACCO Brands (ACCO), down 7%, Summer Infant (SUMR), down 6%, and Skechers USA (SKX), down 5.7%.
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