NEW YORK (TheStreet) -- Shares of Coach (COH)  were higher in mid-afternoon trading on Monday as the handbag maker is slated to post 2017 fiscal first-quarter results before tomorrow's opening bell. 

Analysts surveyed by FactSet are forecasting adjusted earnings of 45 cents per share on revenue of $1.07 billion. 

During the same period last year New York City-based Coach reported adjusted earnings of 41 cents per share and $1.03 billion in revenue. 

UBS analysts said in a recent note that Coach's brand metrics remain strong but competition is ramping up, according to TheFly

The firm has an "outperform" rating and $47 price target on the stock. 

Data indicates that the company's handbag industry store growth is stable, as Coach has continued to close unprofitable full-price stores, the firm said. 

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UBS noted that Coach's dividend yield offers downside protection and the company can use cash from its headquarters sale to pursue M&A opportunities if its organic growth outlook remains sluggish. 

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

The team rates Coach as a Buy with a ratings score of B-. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and increase in net income. Although the company may harbor some minor weaknesses, the team feels they are unlikely to have a significant impact on results.

You can view the full analysis from the report here: COH

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