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

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 $0.93 (-1.6%) to $58.25 on average volume. Throughout the day, 2,975,820 shares of Coach exchanged hands as compared to its average daily volume of 3,915,800 shares. The stock ranged in price between $57.83-$59.32 after having opened the day at $59.24 as compared to the previous trading day's close of $59.18. Other companies within the Consumer Non-Durables industry that declined today were: Joe's Jeans ( JOEZ), down 21.0%, China Shengda Packaging Group ( CPGI), down 7.9%, Mannatech ( MTEX), down 5.9% and Berry Plastics Group ( BERY), down 5.6%.

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 $16.6 billion and is part of the consumer goods sector. Shares are up 6.3% year to date as of the close of trading on Monday. 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 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, Ever-Glory International Group ( EVK), up 12.5%, Coldwater Creek ( CWTR), up 9.7%, Northern Technologies International ( NTIC), up 3.2% and Nutraceutical International Corporation ( NUTR), up 2.7%.

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.
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