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Weakness Seen in Coach (COH): Stock Tumbles 8.9%
June 20, 2014

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Coach, Inc. (COH saw a big move last session, as the company’s shares fell by nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for COH, as the stock is now down almost 15% in the past one-month time frame.
 
The textile-apparel retailer has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
 
COH currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
 
Some better-ranked stocks in the same industry include Vince Holding Corp , with a Zacks Rank #1 (Strong Buy), Hanesbrands Inc. (HBI - Free Report) and Columbia Sportswear Co. (COLM - Free Report) , both carrying a Zacks Rank #2 (Buy).
 
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