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4-Traders Homepage  >  Equities  >  Nyse  >  Coach Inc    COH

COACH INC (COH)
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Delayed Quote. Delayed  - 10/19 10:02:51 pm
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02:25pCOACH INC : Good timing to go long again
10/12 COACH : What's in a name?
10/12 COACH : Luxury leather goods company Coach just changed its name and..
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Coach : Luxury leather goods company Coach just changed its name and people are upset

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10/12/2017 | 04:26pm CEST

Oct. 12--Nooooo.

Coach is not dead.

Oh, wait. Yes it is.

So either chuck all your bags and accessories or keep them for nostalgia's sake.

Because it's the end of an era over at Coach Inc., reports The New York Times.

Say hello to Tapestry.

On Wednesday, the accessible-luxury group that owns Coach, Stuart Weitzman and Kate Spade made the shocking announcement that the brand was changing its name.

"It's a wonderful metaphor for what we believe in, which is individual threads of different colors all working together to create a picture," said Victor Luis, the chief executive.

The new name works, says Luis, because it "wasn't too corporate-y or made up, that was easy for everyone to understand."

The name change officially goes into effect Oct. 31. Halloween -- not April Fool's Day. So don't bother searching for "Coach" after that, unless you are looking for scandals like Chris Foerster (who resigned from the Miami Dolphins after a damning video of him surfaced).

The Times adds that Tapestry will trade on the New York Stock Exchange under the symbol TPR, so don't bother looking for COH anymore.

Founded in a NYC in 1941, Coach used to be one of the hottest tickets around but lost its luster in fashion circles in recent years.

___

(c)2017 Miami Herald

Visit Miami Herald at www.miamiherald.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2018 5 855 M
EBIT 2018 1 005 M
Net income 2018 686 M
Finance 2018 797 M
Yield 2018 3,46%
P/E ratio 2018 16,61
P/E ratio 2019 14,66
EV / Sales 2018 1,78x
EV / Sales 2019 1,63x
Capitalization 11 215 M
Chart COACH INC
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Coach Inc Technical Analysis Chart | COH | US1897541041 | 4-Traders
Technical analysis trends COACH INC
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 36
Average target price 48,8 $
Spread / Average Target 24%
EPS Revisions
Managers
NameTitle
Victor Luís Chief Executive Officer & Director
Todd Kahn President, Secretary & Chief Accounting Officer
Olajide James Zeitlin Non-Executive Chairman
Kevin G. Wills Chief Financial Officer
Christine C. Putur Chief Information Officer & Executive VP
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