Coach Inc
Latest Coach Inc News and Updates

Luxury Brands Dive into NFTs, Coach Will Release an NFT Collection

Last Week’s Consumer Space: Which Stocks Were the Outliers?
At the end of the fourth week of April 2016, the S&P Consumer Staples slightly outperformed the S&P 500 and the S&P Consumer Discretionary as a whole. Let’s see which stocks stood out.

Why Did Coach Fall 6.0% on May 11?
Coach (COH) has a market cap of $10.6 billion. It fell by 6.0% to close at $38.18 per share on May 11, 2016.

What Are Fossil Group’s Projections for 2016?
Fossil Group reported 4Q15 net sales of $992.5 million, a fall of 6.8% compared to net sales of $1,064.8 million in fiscal 4Q14.

Coach Returns A Mixed Bag To Shareholders
Shareholders used to benefit from Coach’s strong results through both stocks and dividend payouts. But in the past few years, returns have been eroded.

Understanding Coach’s Marketing Strategies
To support its direct marketing initiatives, Coach has a database of 24 million households in North America and 10 million in Asia.

How Worried Should We Be about China?
From the fastest-growing emerging market to casting a shadow over global growth, the Chinese economic story has indeed come a long way.

Inside Ralph Lauren’s Key Strengths, Potential Upsides, and Key Risks
Ralph Lauren’s merchandise is available through ~13,000 wholesale distribution channels, 501 retail stores, 589 shops-within-shops, and ten websites.

How Did Coach Perform in 4Q16?
Coach (COH) fell by 6.4% and closed at $39.33 per share during the second week of August 2016. Coach reported fiscal 4Q16 net sales of $1.2 billion.

Coach Raises Guidance on Upbeat Results from Stuart Weitzman
Stuart Weitzman’s results were one of the brightest spots in Coach’s (COH) fiscal 2Q16 earnings release.

A Look at Michael Kors’ Earnings Expectations and Valuations
As we discussed, Michael Kors (KORS) is slated to report its first-quarter results on August 8. Management has guided for $0.60 to $0.64 in earnings per share.

How Deeply Did Fossil Group Dig in during 4Q15 and 2015?
Fossil Group (FOSL) has a market cap of $2.1 billion. FOSL rose by 28.6% to close at $44.30 per share on February 17, 2016.

Strong Calvin Klein Performance Boosted PVH’s Fiscal 4Q15 Results
Total revenue for Phillips-Van Heusen’s fiscal 4Q15 stood at $2.1 billion, registering a rise of 2.1% compared to fiscal 4Q14.

How Has Coach Performed in 1Q17?
Price movement Coach (COH) has a market cap of $10.3 billion. It rose 2.2% to close at $36.68 per share on November 1, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 2.9%, 0.38%, and 15.0%, respectively, on the same day. COH is trading 1.9% above its 20-day moving average, 0.01% below […]

Opportunities and Challenges for Coach
Coach expects to realize $160 million in annual savings due to its restructuring initiatives from fiscal 2016 onward. It also expects to maintain its annual dividend of $1.35 per share.

Your Quick Overview of Kate Spade’s 2Q16 Results and Stock Market Performance
Kate Spade (KATE) reported weaker-than-expected 2Q16 results on August 3, 2016, recording EPS of $0.11, as compared to the Wall Street estimate of $0.14.

How Calvin Klein Navigated through Tough Macro Conditions
The company derived 46% of its operating income from the Calvin Klein business in fiscal 2015 compared to 37% in fiscal 2014.

Will Brand Building and Innovation Add Leverage to Fossil’s Valuation?
On August 2, Fossil was trading at a PE multiple of 12.9x. Fossil’s valuation multiple has fallen by 9% since the announcement of its 1Q16 results.

Michael Kors Beats 1Q18 Expectations, Raises Guidance
For fiscal 1Q18, Kors’s EPS came in at $0.90, or $0.28 higher than the estimate. Its revenue fell 3.6% YoY to $952 million but still beat the consensus estimate.

Michael Kors’s Top Line and EPS Rose in 4Q16
Michael Kors’s (KORS) cash and cash equivalents fell by 28.3%, and its inventories rose by 5.2% in fiscal 2016.

Coach’s Pricing Strategies Benefit Its Margins
Coach’s gross margin expanded to 71.6% in 3Q15 from 71.1% in 3Q14. Coach reduced the frequency of its in-store and online promotions, which should boost its margins.

1Q18: Will Michael Kors Post another Weak Quarter?
Michael Kors Holdings Limited (KORS) is slated to report its 1Q18) earnings results on Tuesday, August 8. Here’s what you need to know.

KeyBanc Capital Markets Upgrades Fossil to ‘Overweight’
Fossil Group (FOSL) has a market cap of $1.6 billion. It rose 8.4% to close at $35.70 per share on November 16, 2016.

Under Armour’s Bonds Downgraded to Junk Status by S&P Global Ratings
S&P Global Ratings lowered the credit rating of Under Armour (UAA) stock to junk status after the company reported weak 4Q16 results and a gloomy sales outlook. The rating on UAA’s bonds dropped from BBB- to BB+.

Bank of America/Merrill Lynch Downgrades Kate Spade to ‘Neutral’
Kate Spade (KATE) reported fiscal 3Q16 net sales of $316.5 million—a rise of 14.1% compared to net sales of $277.3 million in fiscal 3Q15.

An overview of PVH’s business by geographies
We’ll look at PVH’s operations by geographies. It markets its products in over 100 countries through wholesale partners. It has over 4,700 retail locations.

Inside Coach’s International Business, Stuart Weitzman’s Fiscal 4Q17 Performance
Coach’s (COH) international business accounted for 39% of its 4Q17 top line. Sales fell 1.7% YoY (year-over-year) to $442 million.

Coach Announces Its Sale of 10 Hudson Yards for $707 Million
Coach (COH) has a market cap of $12.1 billion. It rose by 0.81% to close at $43.46 per share on August 1, 2016.

Revenue Drivers: What’s Putting Pressure on Coach’s Sales?
In fiscal 1Q16, which ended September 26, 2015, Coach (COH) reported a 1% decline in sales to ~$1.0 billion. However, sales rose 3% in constant-currency terms.

PVH Corp. Outshines Peers in the Stock Market in 2016
On May 19, 2016, PVH Corp.’s stock price increased by ~18% YTD compared to the 1.8% YTD decline of the S&P 500 Apparel and Accessories Index.

Why Blue Ridge Capital exits position in Coach
Coach shares fell in June after the company said it will close 70 out of its 351 North American full-price stores by the end of the first half of 2015.

Can Coach Revive North America Same-Store Sales in Fiscal 2016?
Coach’s (COH) performance in North America remained pressured in the quarter, with sales declining 7% in reported terms to $731 million.

Strong International Markets, D2C Channel Drive VFC’s 3Q17 Top Line
VF Corporation (VFC) posted total sales of $3.5 billion during 3Q17.

Coach’s 4Q17 Earnings Overview: Earnings, Revenue, and Stock Reaction
Coach reported adjusted diluted earnings of $0.50 per share, beating the Wall Street average profit estimate by $0.01.

What Wall Street Thinks of PVH Corp Now
PVH’s YTD gains have outperformed Hanesbrands’ (HBI) 11%, VF Corporation’s (VFC) 15.5%, Michael Kors’s (KORS) 4%, and Ralph Lauren’s (RL) -7.2% gains.

How Will PVH Corp’s Earnings Shape up in 2Q17?
In 1Q17, PVH reported a 10% YoY (year-over-year) increase in its EPS (earnings per share), driven mainly by a business beat.

Despite Currency Headwinds, PVH Delivers Better Growth than Peers
PVH Corporation’s (PVH) top line is predicted to grow 4.9% YoY (year-over-year) in 2Q17.

Earnings Beat Supports Ralph Lauren’s Plunging Stock Price
Ralph Lauren’s (RL) stock price soared 13% after the company reported better-than-anticipated top and bottom lines on Tuesday, August 8.

KORS versus COH: Comparing Wall Street Valuations
Unimpressive financial performance has taken a toll on Michael Kors’ (KORS) stock market performance. Its shares have tumbled more than 15% to date.

VF Corporation Beats Top-Line Expectations after 7 Weak Quarters
In 2Q17, VF Corporation (VFC) reported sales of $2.4 billion. Sales from continuing operations rose 2.0% on a reported basis.

Coach Receives 78% ‘Buy’ Ratings from Wall Street Analysts
Of the analysts that cover Coach (COH), 78% recommend a “buy” on the stock, 25% recommend holding it, and 3% suggest selling it.

Coach Is Trading at the Upper End of Its Valuations
Coach’s one-year forward earnings multiple surged to 20.7x versus a three-year average of 18.3x.

Coach’s Comeback Story and Strategy Change
Coach pulled out of 250 department stores in the US during its last reported quarter, reducing the department store count by ~25% in 2017.

Michael Kors Stock Slides after Its Fiscal 4Q17 Results
Michael Kors (KORS) has a strong cash flow position. The company ended fiscal 4Q17 with cash and cash equivalents of $228 million and net debt of -$95 million.

KORS Beats on Earnings and Revenues, Lowers Guidance for Fiscal 1Q18
Michael Kors (KORS) reported fiscal 4Q17 EPS of $0.73, $0.03 higher than analyst estimates. KORS’ revenues fell 11.7% year-over-year to ~$1.1 billion, beating the consensus by $10.0 million.

Understanding Coach’s Stock Jump after Its Latest Earnings Beat
Coach’s (COH) stock price rose 11.4% to $43.15 after it reported its results on May 2. The company is currently sitting on a YTD profit of 23%.

What Drove Coach’s Fiscal 3Q17 Earnings?
Coach (COH) reported a 5% YoY rise in its EPS for fiscal 3Q17, registering $0.46 per share.

Inside Coach International’s and Stuart Weitzman’s Fiscal 3Q17 Performances
Coach’s (COH) International business, which accounted for 43% of its top line in 3Q17, recorded a 4% YoY (year-over-year) fall in sales to $448 million.

Coach’s 3Q17 Earnings Story: Earnings Beat, Revenue Miss
For fiscal 3Q17, Coach reported earnings of $0.46 per share, beating the Wall Street analyst average estimates by $0.02.

Why Did Kate Spade Stock Plunge 15% on April 4?
Kate Spade’s (KATE) share price tanked 14.6% on Tuesday, April 4, as Reuters reported Monday evening that the handbag manufacturer had sought more time from Coach (COH) to consider its buyout offer.

KATE’s 4Q16 Profitability Improves on Better Cost Controls
KATE’s strict cost-control measures resulted in a 390-basis-point fall in its selling, general, and administrative rate, which fell to 39.1% of its sales in 4Q16 from 43.0% in 4Q15.

Kate Spade Beats Earnings, Confirms Strategic Review
New York–based Kate Spade (KATE) reported its 4Q16 results on February 16, 2017. The company’s earnings per share stood at $0.41.

Inside Ralph Lauren’s Fiscal 3Q17 Results
RL delivered better-than-expected earnings and in-line revenues, but its EPS fell 18% YoY to $1.86.

Telsey Downgraded Kate Spade & Company to ‘Market Perform’
On January 25, 2017, Telsey downgraded Kate Spade’s rating to “market perform” from “outperform.” It reported fiscal 3Q16 net sales of $316.5 million.

Coach: CLSA and Atlantic Equities Downgraded Its Rating
On January 25, 2017, CLSA downgraded Coach’s rating to “outperform” from “buy.” Atlantic Equities downgraded Coach’s rating to “neutral” from “overweight.”

Coach Made New Appointment in Management
Coach (COH) has a market cap of $10.2 billion. It rose 2.1% to close at $36.24 per share on January 4, 2017.

Constellation Brands Gets Upgraded to ‘Buy’
Constellation Brands (STZ) has a market cap of $31.8 billion. It rose 2.1% to close at $157.99 per share on January 4, 2017.

Piper Jaffray Downgrades Michael Kors Holdings to ‘Neutral’
On January 3, 2017, Piper Jaffray downgraded Michael Kors Holdings’s (KORS) rating from “overweight” to “neutral.” It also lowered the stock’s price target from $60.00 to $48.00 per share.

Why Did Kate Spade Stock Rise on December 28?
Kate Spade (KATE) rose more than 23.0% on December 28, 2016, after the report that the company is planning to sell its businesses with the help of investment banker.

Wolfe Research Downgraded Kate Spade to ‘Peer Perform’
On November 23, 2016, Wolfe Research downgraded Kate Spade & Company’s rating to “peer perform” from “outperform.”

Piper Jaffray Upgrades Fossil Group to ‘Neutral’
Fossil Group (FOSL) has a market cap of $1.7 billion. It rose 2.7% to close at $35.24 per share on November 21, 2016.

Coach Declares Dividend of $0.3375 per Share
Coach’s (COH) cash, cash equivalents, and short-term investments rose 16.2%, and its inventories rose 19.1% between fiscal 4Q16 and fiscal 1Q17.

Morgan Stanley Downgrades Michael Kors Holdings to ‘Equal-Weight’
Michael Kors Holdings (KORS) has a market cap of $7.7 billion. It fell 5.1% to close at $47.16 per share on November 14, 2016.

A Look at Michael Kors Holdings’s Fiscal 2Q17 Performance
Michael Kors Holdings (KORS) has a market cap of $9.0 billion. It rose 3.2% to close at $51.76 per share on November 10, 2016.

How Did Fossil Group Perform in 3Q16?
Fossil Group (FOSL) has a market cap of $1.3 billion. It rose 3.5% to close at $25.58 per share on November 4, 2016.

Kate’s Stock Price Crashes on Weaker Gross Margin Warning
Kate Spade has seen YTD losses of 18%. The stock price plunged 10.2% after it warned about further margin contraction during its 3Q16 earnings call.

Macro Headwinds Pressurize Kate’s 3Q16 Comps and Gross Margin
Kate Spade (KATE) reported a 15% rise in sales in 3Q16, with total sales reaching $316.5 million.

Kate Spade Beats Earnings and Revenue Estimates in 3Q16
Kate Spade’s top line and bottom line beat Wall Street estimates, with revenue rising 15% YoY to $316 billion—nearly $5.5 million more than expectations.

How Did Herbalife Perform in 3Q16?
Price movement Herbalife (HLF) has a market cap of $5.5 billion. It fell 2.6% to close at $59.12 per share on November 1, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -1.4%, -7.4%, and 10.3%, respectively, on the same day. HLF is trading 4.4% below its 20-day moving average, 4.3% below […]

What Does Wall Street Recommend for KATE, COH, and KORS?
Wall Street has a bullish outlook on Kate Spade. The company has received 76% “buy” and 23% “hold” recommendations from analysts.

How Will Kate Spade’s Fiscal 2016 Performance Shape Up?
As a result of its second quarter headwinds, Kate Spade (KATE) lowered its full fiscal 2016 outlook.

What Drove Kate Spade’s Performance in Fiscal 2Q16?
Kate Spade’s (KATE) 2Q16 performance was characterized by a disconcerting slowdown in sales comps and a contraction in margins.

Can Kate Spade’s 3Q16 Results Boost Investor Sentiment?
Kate Spade (KATE) is set to report its quarterly earnings on Wednesday, November 2, 2016, before the markets open.

Burberry Rises on Merger Speculation Talks with Coach
Price movement Coach (COH) has a market cap of $10.1 billion. It fell 1.0% to close at $35.55 per share on October 21, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -0.86%, -2.9%, and 11.5%, respectively, on the same day. COH is trading 1.6% below its 20-day moving average, 4.4% below […]

Guggenheim Has Rated Nike a ‘Buy’
Nike (NKE) has a market cap of $88.3 billion. It rose 0.94% to close at $52.65 per share on September 30, 2016.

Guggenheim Has Given Michael Kors Holdings a ‘Neutral’ Rating
Michael Kors Holdings (KORS) has a market cap of $7.9 billion. It fell 0.17% to close at $46.79 per share on September 30, 2016.

Guggenheim Has Given Coach a ‘Buy’ Rating
Coach (COH) has a market cap of $10.2 billion. It rose 0.97% to close at $36.56 per share on September 30, 2016.

CLSA Rates Michael Kors Holdings as a ‘Sell’
Price movement Michael Kors Holdings (KORS) has a market cap of $7.9 billion. It fell 2.8% to close at $46.87 per share on September 29, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -6.5%, -4.8%, and 17.0%, respectively, on the same day. KORS is trading 3.9% below its 20-day moving average, […]

Morgan Stanley Downgrades Coach to ‘Underweight’
Coach (COH) fell 4.2% to close at $35.04 per share during the second week of September 2016.

Fossil Will Ship Smartwatches Based on Qualcomm Technologies
Fossil fell by 4.6% to close at $28.13 per share during the fifth week of August, with weekly, monthly, and YTD price movements of -4.6%, -4.8%, and -23.1%.

Can Calvin Klein Drive PVH’s Sales Growth in 2Q16?
Among PVH’s (PVH) three segments, Calvin Klein has been the best performer. The brand accounts for more than 37% of the company’s total revenue.

Moody’s Rated Graphic Packaging’s Notes as ‘Ba2’
Graphic Packaging Holding rose by 0.22% and closed at $13.80 per share during the second week of August 2016. It reported 2Q16 net sales of $1.1 billion.

A Look at Michael Kors Holdings’s Performance in 1Q17
Michael Kors Holdings (KORS) has a market cap of $8.7 billion. It fell by 2.8% to close at $48.71 per share on August 10, 2016.

Kate Spade Stock’s Gains Were Erased after Disappointing 2Q16
Kate Spade (KATE) delivered an above-average stock market performance and gained about 21% by the end of July 2016.

Key Highlights of Kate Spade’s 2Q16 Results
Kate Spade (KATE), which reported its 2Q16 results on August 3, 2016, reported a 13.7% YoY (year-over-year) increase in its total sales.

Will the Slowdown In Fossil’s Margins Continue in 2Q16?
Fossil’s (FOSL) margins have been in a declining trend during recent quarters.

Kimberly-Clark Declared a Quarterly Dividend of $0.92 Per Share
Kimberly-Clark (KMB) has a market cap of $47.3 billion. It rose by 0.97% to close at $130.81 per share on August 1, 2016.

Credit Suisse Upgrades Coach to ‘Outperform’
Coach (COH) has a market cap of $12.0 billion. It fell by 0.07% to close at $43.10 per share on July 27, 2016.

Lee and Wrangler Continued to Boost VF’s Jeanswear Sales in 2Q16
VF Corporation’s jeanswear segment includes the famous Lee and Wrangler brands. The company is second in terms of the worldwide market share for jeanswear.

Inside Kate Spade’s Key Focus Areas
KATE’s top line grew by 9.1% YoY (year-over-year) in fiscal 2015, as compared to a 7.7% YoY increase for Michael Kors and a 12.7% YoY decline for Coach.

Baird Upgraded Coach to ‘Outperform’
Coach (COH) has a market cap of $12.1 billion. It rose by 2.5% to close at $43.37 per share on July 18, 2016.

How Is Kate Spade Positioned in the American Affordable Luxury Segment?
Kate Spade recorded total sales of $1.3 billion in the past twelve months. Michael Kors and Coach saw sales of $4.7 billion and $4.3 billion, respectively.

What’s Really Driving Kate Spade’s Sales?
Kate Spade’s primary target audience is middle- and upper-middle class consumers, particularly women, which accounted for 70% of Kate’s net sales in 2015.

Which Apparel Companies Were Hit the Hardest by Brexit?
Britain’s decision to leave the European Union on June 23 resulted in the S&P 500 Apparel and Accessories Index falling 5.4% the next day.

How Is Brexit Affecting the US Apparel Sector?
The S&P 500 Apparel and Accessories Index erased YTD (year-to-date) gains and fell 5.4% on the day following the Brexit announcement.

Michael Kors Made Changes in Its Management
Michael Kors Holdings (KORS) is trading 9.9% above its 20-day moving average, 2.2% above its 50-day moving average, and 8.5% above its 200-day moving average.

Coach and Disney Plan to Launch Mickey Mouse Collection
Coach (COH) has a market cap of $10.5 billion. It fell by 2.0% to close at $37.85 per share on June 10, 2016.

A Look at PVH’s Stock Performance in 2016
PVH stock has risen 27.5% YTD. It has outshined most of its apparel and fashion peers such as Ralph Lauren, Hanesbrands, VF Corporation, Michael Kors, and Under Armor.

Why Did 1Q16 Revenue Decline for PVH’s Heritage Brand?
The Heritage Brands segment is PVH’s (PVH) oldest segment. It includes brands such as Van Heusen, Arrow, IZOD, Speedo, Warner’s, and Olga. In fiscal 2015, PVH closed its IZOD retail stores.

How Calvin Klein and Tommy Hilfiger Gave PVH a Strong 1Q16
Phillips-Van Heusen (PVH) posted $1.9 billion in revenue for fiscal 1Q16. That’s a 2.1% YoY increase on a GAAP basis.