UBS Maintains a 'Neutral' on Coach (COH); Story Intact, But Stock Looks Fairly Valued
Tweet
Share
E-mailGet Alerts COH Hot Sheet
Price: $39.90 --0%
Rating Summary:
19 Buy, 20 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
19 Buy, 20 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
UBS maintains a 'Neutral' on Coach (NYSE: COH), PT to $60.
UBS analyst says, "We're raising our F4QE EPS slightly to $0.65 from $0.63, based on: 1) comments for Japan to only be a $0.02-$0.03 drag to F4Q EPS (we were estimating $0.03-$0.04); 2) higher China revs (now $60.5mm; prev. $56mm); and 3) better SG&A leverage (now -65bp of deleverage YOY, prev. -75bp). We carrying fwd better trends to also raise F’12E EPS to $3.32 (+14.5% YOY) from $3.27."
"We continue to prefer names like Polo (NYSE: RL) (with similar China exposure, a large/growing Europe biz, and better leverage on global investments lately). That said, we were encouraged by stable +DD rev growth (esp in the US, with COH gaining share in the growing accessories category) and improving SG&A leverage."
For more ratings news on Coach click here and for the rating history of Coach click here.
Shares of Coach closed at $57.25 yesterday.
UBS analyst says, "We're raising our F4QE EPS slightly to $0.65 from $0.63, based on: 1) comments for Japan to only be a $0.02-$0.03 drag to F4Q EPS (we were estimating $0.03-$0.04); 2) higher China revs (now $60.5mm; prev. $56mm); and 3) better SG&A leverage (now -65bp of deleverage YOY, prev. -75bp). We carrying fwd better trends to also raise F’12E EPS to $3.32 (+14.5% YOY) from $3.27."
"We continue to prefer names like Polo (NYSE: RL) (with similar China exposure, a large/growing Europe biz, and better leverage on global investments lately). That said, we were encouraged by stable +DD rev growth (esp in the US, with COH gaining share in the growing accessories category) and improving SG&A leverage."
For more ratings news on Coach click here and for the rating history of Coach click here.
Shares of Coach closed at $57.25 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Amazon.com (AMZN) PT Raised to $215 at UBS
- Keefe, Bruyette & Woods Upgrades Trustmark (TRMK) to Outperform
- Teradyne (TER) PT Raised to $125 at TD Cowen
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
