Nomura Securities Maintains a 'Buy' on Coach (COH); Q1 Preview, Expect Comp and EPS Beat
Tweet
Share
E-mailGet Alerts COH Hot Sheet
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
Join SI Premium – FREE
Nomura Securities maintains a 'Buy' on Coach (NYSE: COH) price target of $72.00.
Nomura analyst, Paul Lejuez, said, "We expect COH to report strong 1Q (qtr ended Sept) results on 10/25, both in the US and internationally. We forecast a +7-9% comp in the US (upside potential), China sales +65%, Japan sales +8-10% and wholesale sales up 2%. Our 1Q12E is $0.72 vs. consensus of $0.70. Mgmt did not give EPS guidance but indicated that it expects comps of at least +mid single digits in F12. COH has strong momentum, impressive growth prospects, and the best ROIC in retail. We believe the 1Q earnings call will be a positive data point for the stock. Our TP represents ~19x our calendarized F12E ($3.71), a slight premium to its luxury peers."
For more ratings news on Coach click here and for the rating history of Coach click here.
Shares of Coach closed at $59.20 yesterday.
Nomura analyst, Paul Lejuez, said, "We expect COH to report strong 1Q (qtr ended Sept) results on 10/25, both in the US and internationally. We forecast a +7-9% comp in the US (upside potential), China sales +65%, Japan sales +8-10% and wholesale sales up 2%. Our 1Q12E is $0.72 vs. consensus of $0.70. Mgmt did not give EPS guidance but indicated that it expects comps of at least +mid single digits in F12. COH has strong momentum, impressive growth prospects, and the best ROIC in retail. We believe the 1Q earnings call will be a positive data point for the stock. Our TP represents ~19x our calendarized F12E ($3.71), a slight premium to its luxury peers."
For more ratings news on Coach click here and for the rating history of Coach click here.
Shares of Coach closed at $59.20 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
- Zeo Energy Corp (ZEO) Misses Q2 EPS by 7c
- Newton Golf Company (NWTG) Reports Q2 Loss of $0.49
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Nomura, EarningsSign 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!
