UBS Cuts Numbers on Coach (COH): Four Reasons Shares Remain Range-Bound

August 1, 2012 11:34 AM EDT Send to a Friend
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Price: $37.09 --0%

Rating Summary:
    7 Buy, 23 Hold, 5 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 4 | Down: 6 | New: 18
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UBS maintains a 'Neutral' on Coach (NYSE: COH) price target of $53.00 (from $63.00).

Analyst, Michael Binetti, sees Coach shares being range-bound, at least in the near-term. With declining sales, couponing, raised competitive pressures (in full price line), and low margin visibility this all suggests downside risk to earnings per share (EPS). At this point, shares are just hard to justify.

Q1 EPS estimate lowered from $0.84 to $0.75, FY13 from $4.06 to $3.90 and FY14 from $4.61 to $4.42.

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 $49.33 yesterday.


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