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Coach, Inc. Message Board

  • hedgecutter10 hedgecutter10 Aug 3, 2005 10:52 AM Flag

    S&P Boosts COACH

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    S&P STOCK PICKS & PANS

    S&P Boosts Coach to Strong Buy
    Adobe Systems stays at buy, plus analysts' opinions on Cisco Systems, Research in Motion, and more


    Coach (COH ): Upgrading to 5 STARS (strong buy) from 4 STARS (buy)
    Analyst: Marie Driscoll, CFA
    June-quarter earnings per share of 25 cents, vs. 17 cents, is 1 cent above our estimate. U.S. retail growth accelerated again. Coach's same-store sales rose 22%, after March-quarter's 19.3% and December-quarter's 16.5%. We are enthusiastic about Coach's new products, including baby, work, and special occasion bags. We see 5-year earnings growth rate at 25%, driven by store openings, international expansion, and new usage occasions. We are raising our fiscal year 2006 (June) estimate by 5 cents to $1.30, vs. fiscal year 2005's $1.00 and Coach's $1.24 guidance. We are raising our target price by $5 to $44, 34 times our fiscal year 2006 estimate, against a 3-year average forward

 
COH
37.53-0.55(-1.44%)May 22 4:01 PMEDT