NEW YORK ( TheStreet) -- Coach (NYSE: COH) hit a new 52-week high Thursday as it is currently trading at $76.77, above its previous 52-week high of $76.70 with two million shares traded as of 3:50 p.m. ET. Average volume has been three million shares over the past 30 days. Coach has a market cap of $19.84 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 23.3% year to date as of the close of trading on Wednesday. Coach, Inc. designs and markets accessories and gifts for women and men in the United States and internationally. It primarily offers handbags, women's and men's bag, accessories, business cases, footwear, wearables, jewelry, sunwear, travel bags, watches, and fragrance products. The company has a P/E ratio of 23.5, above the average consumer non-durables industry P/E ratio of 22.4 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Coach as a buy. 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, notable return on equity, solid stock price performance and impressive record of earnings per share growth. 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. See all 52-week high stocks or get investment ideas from our investment research center.