Nomura Securities Maintains a 'Buy' on Coach (COH); Q3 Preview
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Price: $39.90 --0%
Rating Summary:
18 Buy, 20 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
18 Buy, 20 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Buy' on Coach (NYSE: COH).
Nomura analyst, Paul Lejuez, said, "Preview ahead of 3Q results on 4/19. We expect a strong quarter, with EPS slightly above consensus led by US comps of +8-10%. Our 2Q11E is $0.61 vs consensus of $0.60. Mgmt did not provide EPS guidance but did indicate that it expects comps +high single digits in 2H11. While expected weakness in Japan is an incremental negative in the short term, it does not change our positive view of the long-term story. The company generates the best returns on capital in retail and its growth plans in China remain on track. We believe all segments of the company’s business, with the exception of Japan, remain strong."
For more ratings news on Coach click here and for the rating history of Coach click here.
Shares of Coach closed at $54.42 yesterday.
Nomura analyst, Paul Lejuez, said, "Preview ahead of 3Q results on 4/19. We expect a strong quarter, with EPS slightly above consensus led by US comps of +8-10%. Our 2Q11E is $0.61 vs consensus of $0.60. Mgmt did not provide EPS guidance but did indicate that it expects comps +high single digits in 2H11. While expected weakness in Japan is an incremental negative in the short term, it does not change our positive view of the long-term story. The company generates the best returns on capital in retail and its growth plans in China remain on track. We believe all segments of the company’s business, with the exception of Japan, remain strong."
For more ratings news on Coach click here and for the rating history of Coach click here.
Shares of Coach closed at $54.42 yesterday.
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