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

COACH INC (COH)
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End-of-day quote. End-of-day quote  - 11/01
40.68 USD   -0.66%
12/07 TAPESTRY : Doreen Toben and Anne Gates Join Tapestry Board of Direct..
12/07 TAPESTRY INC : ex-dividend day
11/15 TAPESTRY, INC. : Declares Quarterly Cash Dividend
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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 CET

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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Latest news on COACH INC
12/07 TAPESTRY, INC. : Change in Directors or Principal Officers, Financial Statements..
12/07 TAPESTRY : Doreen Toben and Anne Gates Join Tapestry Board of Directors
12/07 TAPESTRY INC : ex-dividend day
11/15 TAPESTRY, INC. : Declares Quarterly Cash Dividend
11/13 TAPESTRY, INC. : Change in Directors or Principal Officers, Submission of Matter..
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11/07 COACH : Tapestry reports 1Q loss
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Financials ($)
Sales 2018 5 820 M
EBIT 2018 992 M
Net income 2018 591 M
Finance 2018 816 M
Yield 2018 3,15%
P/E ratio 2018 21,58
P/E ratio 2019 15,61
EV / Sales 2018 1,95x
EV / Sales 2019 1,75x
Capitalization 12 180 M
Chart COACH INC
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Coach Inc Technical Analysis Chart | COH | US1897541041 | 4-Traders
Technical analysis trends COACH INC
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 48,5 $
Spread / Average Target 13%
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
Ivan M. Menezes Independent Non-Executive Director
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