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Weakness Seen in Coach (COH): Stock Tumbles 9.3%

Zacks Equity Research

Coach, Inc. (COH) saw a big move last session, as the company’s shares fell by over 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as COH is now trading below the volatile price range of $48.8 to $50.4 in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the Apparel company has seen 3 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
COH currently has a Zacks Rank #4 (Sell).

Some better-ranked stocks in the Textile industry include Hanesbrands Inc. (HBI) and V.F. Corporation (VFC). Both the stocks hold a Zacks Rank #2 (Buy).

Investors interested in the Consumer Staples sector may consider a better-ranked stock like Helen of Troy Limited (HELE), carrying a Zacks Rank #2 (Buy).

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COACH INC (COH): Free Stock Analysis Report

VF CORP (VFC): Free Stock Analysis Report

HANESBRANDS INC (HBI): Free Stock Analysis Report

HELEN OF TROY CP (HELE): Free Stock Analysis Report

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