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Stock Market & Financial Investment News

News Breaks
January 22, 2014
07:01 EDTCOHCoach reports Q2 EPS $1.06, consensus $1.11
Reports Q2 revenue $1.42B, consensus $1.48B. Victor Luis, CEO of Coach, Inc., said, “During the holiday quarter, total sales fell slightly in constant currency as weakness in our North American women’s bag and accessories business offset strong growth in Men’s, footwear, and robust results in emerging Asian markets and Europe. We continued to be disappointed by our performance in North America, which was impacted by substantially lower traffic in our stores and by our decision to limit access to our e-factory flash sales site. At the same time, China results remained resilient with total sales growing about 25% and comparable store sales rising at a double digit rate. Importantly, we continued to advance our transformation initiatives and position Coach to launch Executive Creative Director Stuart Vevers’s first collection in September.”
News For COH From The Last 14 Days
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August 30, 2015
12:42 EDTCOHAmerican Airlines, others look like underappreciated bargains, Barron's says
Shares of American Airlines (AAL), Coach (COH), PACCAR (PCAR), and CA Technologies (CA) not only look cheap but pay dividends, thereby rewarding patient investors willing to wait for rebounds, Barron's contends in a feature article. All four firms are generating "healthy" return on capital, suggesting operations are stronger than traders believe, Barron's argues. Reference Link
August 18, 2015
10:00 EDTCOHOn The Fly: Analyst Upgrade Summary
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09:45 EDTCOHCoach trades higher, levels to watch
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07:46 EDTCOHJefferies sees longer turnaround for Vera Bradley, cuts to Hold
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07:40 EDTCOHJefferies says Coach turnaround not being appreciated, ups to Buy
Jefferies analyst Randal Konik upgraded Coach (COH) to Buy from Neutral and raised his price target for shares to $50 from $35. The stock closed yesterday up 8c to $32.02. Survey results show the handbag maker is starting to attract new customers at a faster rate while its remodel initiative should help drive a return to positive comps, Konik tells investors in a research note. He believes the company's turnaround is not being fully appreciated by the market. The analyst also added Coach to the Jefferies Franchise Picks List. He coupled the upgrade with a downgrade Vera Bradley (VRA) to Hold.
06:42 EDTCOHCoach upgraded to Buy from Hold at Jefferies
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