Entering text into the input field will update the search result below

Sterne Agee still lukewarm after Coach makes its case

Nov. 26, 2014 3:24 PM ETTapestry, Inc. (TPR) StockTPRBy: Stephen Alpher, SA News Editor
  • Sterne Agee's Ike Boruchow and Tom Nikic hosted a conference call with Coach (COH -1.2%) yesterday, with Coach preaching turnaround, but the analysts are not quite buying it yet.
  • "The company is currently facing unprecedented competitive pressures in the accessible luxury handbag space," says the Sterne Agee team, noting faster-grower competitors like Kors, Kate Spade, and Tory Burch are threatening market share and margins.
  • Initiatives are in place at Coach to reverse things like negative North American comps in five of the last six quarters, but it could take time to turn around such a large business ($3.5B in N.A. sales last year).

Recommended For You

More Trending News

About TPR Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
TPR--
Tapestry, Inc.