Coach Inc. (COH): Today's Featured Consumer Goods 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.

Coach ( COH) pushed the Consumer Goods sector lower today making it today's featured Consumer Goods laggard. The sector as a whole closed the day down 1.9%. By the end of trading, Coach fell $0.55 (-1.1%) to $51.99 on average volume. Throughout the day, 2,682,906 shares of Coach exchanged hands as compared to its average daily volume of 3,241,600 shares. The stock ranged in price between $51.63-$52.42 after having opened the day at $52.00 as compared to the previous trading day's close of $52.54. Other companies within the Consumer Goods sector that declined today were: Fuwei Films (Holdings ( FFHL), down 27.5%, Tianli Agritech ( OINK), down 17.3%, Appliance Recycling Centers Of America ( ARCI), down 8.3% and Verso Paper ( VRS), down 7.5%.

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 $14.9 billion and is part of the consumer non-durables industry. Shares are down 5.0% 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Movado Group ( MOV), up 10.5%, Amira Nature Foods ( ANFI), up 10.3%, Mannatech ( MTEX), up 6.6% and Reeds ( REED), up 5.4%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the consumer goods sector 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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