Coach Inc. (COH): Today's Featured Consumer Non-Durables Laggard
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.
(
) 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:
(
), down 7.5%,
(
), down 7.2%,
(
), down 6.6% and
Northern Technologies International
(
), 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
. 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.
- You can view the full Coach Ratings Report.
On the positive front,
(
), up 4.6%,
(
), up 3.6%,
(
), up 2.6% and
(
), up 1.8% , were all gainers within the consumer non-durables industry with
(
) being today's featured consumer non-durables industry leader.
- Use our consumer non-durables section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
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
(
) while those bearish on the consumer non-durables industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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