Coach (COH): Fall Line Pricing Up 27%, Looks Positive For SSS - Piper Jaffray

August 30, 2016 6:17 AM EDT
Get Alerts COH Hot Sheet
Price: $36.23 -0.14%

Rating Summary:
    21 Buy, 24 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
Trade COH Now!
Join SI Premium – FREE

Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

Piper Jaffray analyst, Erinn Murphy, reiterated her Overweight rating on shares of Coach (NYSE: COH) after reviewing Coach's pre-Fall 2016 line. This year, 20% of total items featured were Coach's 1941 line, the company's elevated line.

The 1941 handbag assortment will be rolled out to all full-price retail stores by Holiday (vs. top-tier doors prior). When looking at pricing, on average, TY vs. LY, we saw AUR +27% Y/Y.

Key volume drivers appear to be extensions of the Rogue and the Mercer in addition to the Saddle. Ticket has been an on-going driver of comp-store sales improvement over the past several quarters and should fuel comp gains going forward.

No change to the price target of $46.

For an analyst ratings summary and ratings history on Coach click here. For more ratings news on Coach click here.

Shares of Coach closed at $38.99 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS View

Related Entities

Piper Jaffray, Erinn Murphy

Add Your Comment