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

Coach ( COH) pushed the Consumer Non-Durables industry lower today making it today's featured Consumer Non-Durables loser. The industry as a whole closed the day down 1.3%. By the end of trading, Coach fell 85 cents (-1.1%) to $74.25 on average volume. Throughout the day, 2.1 million shares of Coach exchanged hands as compared to its average daily volume of 2.6 million shares. The stock ranged in price between $73.86-$75.87 after having opened the day at $75.13 as compared to the previous trading day's close of $75.10. Other company's within the Consumer Non-Durables industry that declined today were: Exceed Company ( EDS), down 17.1%, Shiner International ( BEST), down 13.9%, SodaStream International ( SODA), down 9.8%, and K-Swiss ( KSWS), down 7.5%.

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. Coach has a market cap of $21.17 billion and is part of the consumer goods sector. The company has a P/E ratio of 22, equal to the average consumer non-durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 20.5% year to date as of the close of trading on Wednesday. Currently there are 16 analysts that rate Coach a buy, no analysts rate it a sell, and six rate it a hold.

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, impressive record of earnings per share growth and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Cereplast ( CERP), up 9.8%, Ocean Bio-Chem ( OBCI), up 6.3%, Frederick's of Hollywood Group ( FOH), up 5.8%, and Avon Products ( AVP), up 5.5%, were all gainers within the consumer non-durables industry with Fibria Celulose ( FBR) being today's featured consumer non-durables industry winner.

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).
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