Coach, Movado Are Retail Names to Own

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Coach, Movado Are Retail Names to Own

Coach, Movado Are Retail Names to Own
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Coach, Movado Are Retail Names to Own

by TheStreet 3:25 mins

The Street’s Jill Malandrino and Tim Collins look at a couple of stocks and a quiet subsector in Retail that attractive to long investors. Collins owns COH and currently views the stock as a solid risk-reward with the chart showing signs of a bottom after a multi-month decline. Movado (MOV) is another name with a strong brand, solid fundamentals, and a constructive chart, which Collins recommends as a buy in the low $40s. He views $50 as a short-term target but believes the stock has potential for a longer-term hold over the next two years. Sell-side broker Wunderlich initiated coverage on the brand licensing sector with a positive bias on August 5, and Collins likes the thesis as well. He mentions Iconix (ICON) as a way to play the retail consumer via licensing, and believes it to be great company to include in a retail portfolio.

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