Coach shares are down despite beating earnings expectations. Is this a buying opportunity?
Shares of handbag-maker Coach dropped 7.7% Tuesday even though its earnings beat Wall Street's expectations.
While the bottom line beat would normally be good news for a stock, the market was worried by the company's top line growth, or lack thereof. Revenues were $1.15 billion, $10 less than last year and $40 million less than analysts were expecting.
But, does that mean Coach shares are now affordable or is it too pricey a luxury for your portfolio?
On CNBC's Street Signs Talking Numbers segment, a technical analyst and a fundamental analyst look at what's next for the stock. On the charts is Talking Numbers contributor Richard Ross, Global Technical Strategist at Auerbach Grayson. On the fundamentals is Paul Swinand, equity analyst at Morningstar.
To see what Ross and Swinand say about what's next for Coach, watch the video above.
More from Talking Numbers: