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Stock Market & Financial Investment News

News Breaks
August 5, 2014
08:48 EDTCOHCoach now sees $1B in sales for men's in FY17, one year later than planned
Says in store traffic continued to decline in Q4, but improved from Q3. Says Q4 North American direct sales declined 15% with SSS down 17%. Says online business dampened overall North America comp in Q4. Sees men's business growing faster than women's at about a 10% rate over next five years. Says "bullish" about prospects of men's global business, now sees $1B in sales in FY17, one year later than original target. Comments made on the Q4 earnings conference call.
News For COH From The Last 14 Days
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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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