Coach, Inc. (Coach) is a marketer of accessories and gifts for women and men. The company offers a range of modern, fashionable handbags and accessories. Its product offerings include women’s and men’s bags, accessories, footwear, wearables, jewelry, travel bags, sunwear, watches and fragrance. COH is currently trading around $35.62 in a 52 week range of $33.39 – 57.95. The company’s stock has been underperforming the market this year with shares decreasing 36.45% year to date. Shares have traded down 1.82% in the last month, as the stock hovers around its 52 week low.
Wall Street analysts are on average forecasting $1.01 billion in revenues during the first quarter of fiscal 2015, this would represent a decline of 12% versus $1.15 billion in the same period last year. Analysts are forecasting earnings per share of $0.45 during the quarter, a big decline versus $0.77 per share in the same period last year. This suggests that analysts have very recently bumped up their estimates for COH, giving the stock a Zacks Earnings ESP of 6.67% heading into earnings season.
Looking at the company’s earnings history, COH has rallied 3 of the last 8 quarters. On average, the stock has moved about 7.9% in the last 8 quarters as a result of earnings releases. This earnings season, market makers are implying about a +- 7.4% move in the stock for the October 31 option chain. Coach has been trading below the Ichimoku Cloud since January.