Coach Inc | StockChase
42
Coach Inc (COH-N)

Last Price Recorded: $39.9000 on 2017-10-30

ON STOCKCHASE SINCE Apr 2004

household goods

Coach Inc


Signal Opinion Expert

2017-03-14

DON'T BUY
Coach Inc (COH-N)

This is gone through a respectable 1st round of recovery. They’ve renovated about 500 stores and are planning to renovate a couple of more. They’ve removed their products from about a quarter of the Department stores, and have reduced the number of promotions/sales which has helped their profit margins. These are entry-level luxury items, and people only buy 1 or 2 of them, unless they expand their offerings. They are not buying 4 or 5. Not sure where the growth is going to come from. Feels the easy money has already been made.

household goods
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisory, Raymond James

Price: $38.970
Owned: Unknown

2016-08-25

WAIT
Coach Inc (COH-N)

They recovered by renovation of stores to freshen things up.  Removed product from about a quarter of their retailers.  They reduced the number of discounts they have had.  Their focus is to get back on track of being a premium brand.  Don’t be in a rush to buy it.

household goods
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisory, Raymond James

Price: $39.830
Owned: No

2016-07-28

DON'T BUY
Coach Inc (COH-N)

He would be reluctant to put it in his portfolio given the competition and the decline in foot traffic in the US.  The valuation and long term growth potential keeps him out of it.  Prefers TJX-N.

household goods
Andy Nasr

VP & Investment Strategist, Sentry Investments

Price: $42.800
Owned: No

2015-10-29

DON'T BUY
Coach Inc (COH-N)

He does not think it is coming back.  It does not have the same depth as a Chanel, for example.  After the consumer buys the first one, they are less interested to buy the second one.  KOR-N is similar.  

household goods
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisory, Raymond James

Price: $30.860
Owned: Unknown

2015-01-16

COMMENT
Coach Inc (COH-N)

This is having a real hard time. They have fallen out of the consumer’s eye of being the luxury brand that they once were. Once you lose that momentum, it is very difficult to regain it. Sales are down 21% year-over-year in North America. Recently did an acquisition of Stuart Weitzman, a luxury shoemaker, and spent $550 million. Not quite sure how this acquisition is going to help them sell more Coach purses. The good news is that sales in China have been picking up, but not nearly enough to offset what they’ve lost in the US. Given the slowdown in sales in the US, they have had to cut prices to move inventory, and by cutting prices, margins have also shrunk.

household goods
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisory, Raymond James

Price: $36.110
Owned: Unknown

2014-07-04

COMMENT
Coach Inc (COH-N)

J C Penney (JPC-N) or Coach (COH-N)? This is the one that he would buy. It is a really well run company with a great yield of 3.8%, and trading at 19X earnings. Had some real problems on the North American side on same-store sale numbers that they are trying to improve. Very good management and no debt. Have a really good opportunity to grow their brand internationally, especially in emerging markets.

household goods
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $35.140
Owned: Unknown

2014-07-03

COMMENT
Coach Inc (COH-N)

He would never buy a fashion company. Things change so fast. The metrics on this company are quite attractive, but earnings are going bust.

household goods
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Management

Price: $35.140
Owned: No

2014-06-18

DON'T BUY
Coach Inc (COH-N)

J. C. Penny (JCP-N) or Coach (COH-N)? Recently sold his holdings.

household goods
Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $39.190
Owned: No

2014-06-06

DON'T BUY
Coach Inc (COH-N)

The whole fashion industry is a tough one. This was everybody’s darling for many, many years, but he thinks a little bit of the lustre has come off. He would be very hesitant to step in right now. Huge competition. They started to expand their market beyond bags, and have competition in that area. Valuation is still fairly rich even though the stock has come down.

household goods
Don Lato

President, Padlock Investment Management

Price: $39.990
Owned: No

2014-06-05

HOLD
Coach Inc (COH-N)

Everyone knows the brand.  He owned the stock in the past.  Where is the demand going to come from:  as you start to see some improvement in the labour market you will see the high end come back again.  A year to a year and a half from now it should do well again.  Nice yield.  KORs has also done very well here.  Both stores are quite busy.  CCH has the dividend.

household goods
Andrew Hamlin

VP & Portfolio Manager, Aston Hill Financial

Price: $39.580
Owned: No

2014-04-08

PAST TOP PICK
Coach Inc (COH-N)

(A Top Pick March 20/13. Up 2.42%.) Sold his holdings in October 2013 when he noticed they were getting their lunch eaten by Michael Kors in the US. Doesn’t feel this is a bad company. Has a very, very solid balance sheet.

household goods
Brian Huen

Managing Partner, Red Sky Capital Management

Price: $49.090
Owned: No

2014-02-06

HOLD
Coach Inc (COH-N)

Still a great company. This was such a great story for the longest time. From what he understands, their issue is that to some degree they have diluted their brand. Counterfeiting of Coach is rampant in Asia. They have also been known to do very large sales on their goods, which has cheapened their cachet. You have to be very careful on this name.

household goods
Mike S. Newton, CIM FCSI

Director & Portfolio Manager, Scotia Wealth Management

Price: $46.420
Owned: No

2014-01-22

DON'T BUY
Coach Inc (COH-N)

Used to own it.  Strong market share in China.  Because of volatility about a previous quarter, he sold.  They are losing market share fairly aggressively in the US.  Until they are able to stabilize market share losses, he would be against, hesitant into the name.  If you own it, take some profits off the table.  December was a tremendously difficult month for retailers. 

household goods
Brian Huen

Managing Partner, Red Sky Capital Management

Price: $49.380
Owned: No

2013-12-23

PAST TOP PICK
Coach Inc (COH-N)

(Top Pick Feb9/13, Up 17.49%)  Not as good as he had hoped.  Bought for the Asian exposure.  He is watching it closely and if it doesn’t gain momentum, he might switch for something that might do better.

household goods
Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $56.110
Owned: Yes

2013-09-16

BUY
Coach Inc (COH-N)

(Market Call Minute) Spends lots of marketing dollars and trades cheap relative to other luxury names.

household goods
Brian Huen

Managing Partner, Red Sky Capital Management

Price: $54.980
Owned: Yes

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