Coach Inc. (COH): Today's Featured Consumer Non-Durables 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 Non-Durables industry lower today making it today's featured Consumer Non-Durables laggard. The industry as a whole was unchanged today. By the end of trading, Coach fell $3.14 (-6.0%) to $49.41 on heavy volume. Throughout the day, 22,855,442 shares of Coach exchanged hands as compared to its average daily volume of 4,067,300 shares. The stock ranged in price between $48.40-$49.88 after having opened the day at $48.90 as compared to the previous trading day's close of $52.55. Other companies within the Consumer Non-Durables industry that declined today were: Standard Register Company ( SR), down 7.6%, Coldwater Creek ( CWTR), down 4.2%, Quiksilver ( ZQK), down 3.9% and Mannatech ( MTEX), down 3.5%.

Coach, Inc. designs and markets bags, accessories, business cases, footwear, wearables, jewelry, sunwear, travel bags, watches, and fragrances for women and men in the United States and internationally. Coach has a market cap of $14.7 billion and is part of the consumer goods sector. The company has a P/E ratio of 14.6, below the S&P 500 P/E ratio of 17.7. Shares are down 6.4% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Coach a buy, no analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Coach as a buy. The company's strengths can be seen in multiple areas, such as its 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, Resolute Forest Products ( RFP), up 4.7%, CCA Industries ( CAW), up 3.2%, Crown Crafts ( CRWS), up 2.8% and American Apparel ( APP), up 2.7% , were all gainers within the consumer non-durables industry with Nu Skin ( NUS) being today's featured consumer non-durables industry leader.

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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