NEW YORK (TheStreet) -- Shares of Coach Inc. (COH - Get Report) are higher by 3.91% to $35.65 on heavy volume in mid-afternoon trading on Tuesday, continuing a gain the stock began in pre-market trading.
Coach stock spiked after the company reported its net income for the 2014 fourth was $164 million, or 59 cents per diluted share, exceeding the expectations of analysts polled by Thomson Reuters, who anticipated earnings of 53 cents per share.
The designer handbag, accessories, and apparel retailer said fourth quarter revenue was $1.14 billion, higher than the $1.09 billion analysts forecast for the quarter.
TheStreet Ratings team rates COACH INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate COACH INC (COH) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself."