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Stock Market & Financial Investment News

News Breaks
June 13, 2014
07:38 EDTCOHCoach June volatility elevated into investor day
Coach June call option implied volatility is at 35, July is at 24, August is at 23, November is at 27; compared to its 26-week average of 26 according to Track Data, suggesting larger near term price movement into a company hosted investor day on June 19.
News For COH From The Last 14 Days
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August 3, 2015
14:59 EDTCOHNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include CVS Health (CVS), consensus $1.20... Regeneron (REGN), consensus $2.77... Aetna (AET), consensus $1.82... Emerson Electric (EMR), consensus 83c... Kellogg (K), consensus 92c... Charter (CHTR), consensus 36c... MGM Resorts (MGM), consensus 11c... Coach (COH), consensus 30c... Hyatt Hotels (H), consensus 46c... Scripps Networks (SNI), consensus $1.26... Office Depot (ODP), consensus 6c.
13:15 EDTCOHCoach volatility elevated into Q4 and outlook
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12:15 EDTCOHCoach attempting to base at $30, levels to watch
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10:00 EDTCOHOn The Fly: Analyst Downgrade Summary
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07:21 EDTCOHCoach downgraded to Neutral from Overweight at JPMorgan
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July 31, 2015
13:03 EDTCOHCoach volatility elevated into Q4 and outlook
Coach August weekly call option implied volatility is at 74, August is at 49, September is at 40; compared to its 52-week range of 21 to 44, suggesting large near term price movement into the expected release of Q4 results on August 4.
July 28, 2015
10:23 EDTCOHBMO Capital says high-end handbag makers to stay weak
High end handbag makers Coach (COH), Kate Spade (KATE) and Michael Kors (KORS) are continuing to struggle and their share prices are likely to remain weak, research firm BMO Capital wrote in a note to investors today. The firm significantly cut its price targets on all three names. WHAT'S NEW: Consumers are spending less on high-end handbags as they increase the amount they allocate to other areas, including travel, leisure and apparel, BMO Capital analyst John Morris stated. Consequently, the North American handbag market was expanding at a 5% rate at the end of June, down from a high single digit rate earlier this year, according to Morris. Meanwhile, competition within the space is mounting and handbag price wars are continuing, the analyst stated. Although handbag stocks have dropped significantly and their valuations appear attractive, they are "falling knives," the analyst warned. Assessing the status of specific companies, Morris says that Kate Spade has avoided implementing major price cuts on its products, though its comparative sales and "mind share" have suffered as a result of that decision and stores are displaying its products less prominently. Coach's stock suggests that investors expect the company's fundamentals to rebound, but Morris thinks that their optimism may be premature. The pace of the company's improvement "remains challenging," and it is likely to be hurt by a decline of U.S. tourism, he believes. Also likely to be hurt by declines in tourism is Michael Kors, the analyst stated. The prices of Michael Kors' products are being reduced by retailers, its gross margins are sinking and its watch business is weak, Morris warned. He reduced his price target on Kate Spade to $19 from $30, on Coach to $28 from $37 and on Michael Kors to $40 from $51. The analyst kept Market Perform ratings on all three stocks. PRICE ACTION: In early trading, Kate Spade was little changed at $18.75, Coach fell 0.5% to $30.60 and Michael Kors was fractionally higher at $39.17.
09:04 EDTCOHHandbag makers estimates, price targets lowered at BMO Capital
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July 23, 2015
10:00 EDTCOHOn The Fly: Analyst Upgrade Summary
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08:48 EDTCOHCoach upgraded to Neutral from Underperform at Buckingham
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July 22, 2015
07:25 EDTCOHCoach price target lowered to $40 from $47 at Stifel
Stifel cut its price target on Coach as the firm believes that competition in the accessories category is increasing, causing a deceleration in the segment. However, the firm keeps a Buy rating on the stock.

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