Coach Inc. (COH): Today's Featured Consumer Non-Durables Laggard

Coach was a leading decliner within the consumer non-durables industry, falling $1.33 (-2.2%) to $57.85 on heavy volume
By TheStreet Wire ,

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.6%. By the end of trading, Coach fell $1.33 (-2.2%) to $57.85 on heavy volume. Throughout the day, 6,143,871 shares of Coach exchanged hands as compared to its average daily volume of 3,114,300 shares. The stock ranged in price between $57.38-$58.80 after having opened the day at $58.70 as compared to the previous trading day's close of $59.18. Other companies within the Consumer Non-Durables industry that declined today were:

Tufco Technologies

(

TFCO

), down 7.5%,

Xerium Technologies

(

XRM

), down 7.2%,

Swisher Hygiene

(

SWSH

), down 6.6% and

Northern Technologies International

(

NTIC

), down 4.2%.

Coach, Inc. engages in the design, marketing, and distribution of handbags, accessories, wearables, footwear, jewelry, sunwear, travel bags, watches, and fragrances for women and men in the United States and internationally. Coach has a market cap of $16.7 billion and is part of the consumer goods sector. Shares are up 7.3% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate Coach a buy, no analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates

Coach

as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front,

Graphic Packaging

(

GPK

), up 4.6%,

Herbalife

(

HLF

), up 3.6%,

American Apparel

(

APP

), up 2.6% and

Myers Industries

(

MYE

), up 1.8% , were all gainers within the consumer non-durables industry with

Goodyear Tire & Rubber

(

GT

) being today's featured consumer non-durables industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer non-durables industry could consider

Consumer Staples Select Sector SPDR

(

XLP

) while those bearish on the consumer non-durables industry could consider

ProShares Ultra Sht Consumer Goods

(

SZK

).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

Loading ...