Posts for Ticker ‘COH’

Top 10 Analyst Upgrades, Downgrades, Initiations (CADX, COH, DELL, HTE, JWN, RIMM, S, STP, URI, VRSK)

These are the top ten analyst upgrades, downgrades, and initiations we have seen from Wall Street research calls early this Monday:

Cadence Pharmaceuticals (NASDAQ: CADX) Cut to Perform at Oppenheimer.
Coach Inc. (NYSE: COH) Raised to Buy at Goldman Sachs.
Dell Inc. (NASDAQ: DELL) Started as Buy with $19 target at Goldman Sachs.
Harvest Energy (NYSE: HTE) Cut to Neutral at UBS.
Nordstrom (NYSE: JWN) Raised to Buy at Goldman Sachs.
Research In Motion (NASDAQ: RIMM) Started as Hold, $66 target, at Auriga.
Sprint Nextel (NYSE: S) Raised to Outperform at Credit Suisse.
Suntech Power Holdings Co. Ltd. (NYSE: STP) Raised to Neutral (from Underweight) at HSBC.
United Rentals (NYSE: URI) Raised to Outperform at Oppenheimer.
Verisk Analytics (NASDAQ: VRSK) Started as In-Line at Fox-Pitt; Started as Market Perform at KBW.

You can join our open email distribution list which goes out several times per week to be notified of key analyst calls, top early morning day trader alerts, along with news of IPO’s, key offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG

Top 10 Analyst Upgrades, Downgrades, Initiations (BRCD, BNI, COH, CHK, CSX, HOG, KWK, MBT, NDAQ, SIRI)

These are this Thursday’s top early analyst upgrades, downgrades, and initiations from Wall Street research calls which may be moving shares of the underlying stocks:

Brocade Communications (NASDAQ: BRCD) Cut to Neutral at Piper Jaffray; Cut to Hold at ThinkEquity; Cut to Hold at Lazard.
Burlington Northern Santa Fe (NYSE: BNI) Cut to Underweight at Barclays.
Coach Inc. (NYSE: COH) Started as Hold at KeyBanc.
Chesapeake Energy (NYSE: CHK) Started as Buy at Lazard.
CSX Corp. (NYSE: CSX) Raised to Equal-Weight at Barclays.
Harley-Davidson (NYSE: HOG) Started as Underweight at KeyBanc.
Quicksilver Resources Inc. (NYSE: KWK) Started as Buy at Lazard.
Mobile TeleSystems (NYSE: MBT) Raised to Buy at UBS.
NASDAQ OMX Group (NASDAQ: NDAQ) Raised to Positive at Susquehanna.
SIRIUS XM Radio Inc. (NASDAQ: SIRI) put on positive credit watch at S&P late yesterday during trading hours.

You can join our open email distribution list which goes out several times per week to be notified of key analyst calls, top early morning day trader alerts, along with news of IPO’s, key offerings, guru investor data on Buffett and others, key merger news, and more.

JON C. OGG

Top 10 Analyst Upgrades, Downgrades, Initiations (COH, ITG, K, LYG, WFR, STI, TWX, TOL, VMW, ZUMZ)

These are this Friday mornings top ten analyst upgrades, downgrades, and initiations of coverage from Wall Street firms:

Coach Inc. (NYSE: COH) Raised to Buy at Jefferies.
Investment Technology Group (NYSE: ITG) Cut to Neutral at JPMorgan.
Kellogg Company (NYSE: K) Raised to Buy at Citigroup.
Lloyds Banking Group (NYSE: LYG) ADR upgraded at both BNP Paribas and Credit Suisse.
MEMC Electronics (NYSE: WFR) Raised to Buy at Soleil.
SunTrust Banks (NYSE: STI) Raised to Equal-Weight at Morgan Stanley.
Time Warner Inc. (NYSE: TWX) Raised to Outperform at Credit Suisse.
Toll Brothers (NYSE: TOL) Raised to Buy at Citigroup.
VVMware (NYSE: VMW) Cut to Neutral at Goldman Sachs.
Zumiez (NYSE: ZUMZ) Raised to Buy at Jefferies.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG

Top Analyst Downgrades (CRZO, COH, LDK, SYNA, SJM)

These are this morning’s top analyst downgrades and cautious calls from Wall Street firms we have seen with about two hours until the market opens:

Carrizo Oil & Gas (CRZO) Cut to Neutral at SunTrust.
Coach (COH) Started as Neutral at UBS.
LDK Solar (LDK) Started as Underperform at BofA/Merrill Lynch.
Synaptics (SYNA) Cut to Underperform at Jefferies.
The J. M. Smucker Company (SJM) Started as Neutral at JPMorgan.

You can join our open email distribution list to get updates each morning on analyst upgrades and downgrades, top day trader alerts, IPO’s and secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG
OCTOBER 13, 2009

Top Analyst Upgrades (BHP, COH, HOG, MOT, RIMM, VALE, LMT)

These are the top analyst upgrades and positive research calls we have seen from Wall Street brokerage firms early this Tuesday morning:

BHP Billiton (BHP) Raised to Buy at UBS.
Coach (COH) Raised to Buy at BofA/Merrill Lynch.
Harley-Davidson (HOG) Raised to Outperform at William Blair.
Motorola (MOT) Raised to Outperform at Credit Suisse.
R-I-M (RIMM) Raised to Outperform at Credit Suisse.
Companhia Vale do Rio (VALE) Raised to Outperform at Credit Suisse.
Lockheed Martin (LMT) Raised to Buy at Citigroup.

JON C. OGG

Top Day Trader Alerts (SPSS, X, VICL, AMGN, ARIA, LCRD, DB, COH, CHKP)

The following are some of the top stocks to watch for active trading today based on pre-market and after-hours volume activity. There are links through to more detailed coverage and volume analysis at VSInvestor.com:

SPSS Inc (Nasdaq: SPSS) shares are up 41 percent after getting a $1.2 billion takeover offer from IBM.

United States Steel Corp. (NYSE: X) shares are falling in very active trade after it missed revenue expectations and said its outlook for overall steel demand remains uncertain.

Vical Inc. (Nasdaq: VICL) shares up strongly as one of the most active premarket issues after it received a direct investment.

Amgen Inc. (Nasdaq: AMGN) shares are seeing wishy-washy trading after earnings and a partnership.

Ariad Pharmaceuticals (Nasdaq: ARIA) are among the most active premarket stocks, following positive preliminary clinical data.

Deutsche Bank AG (NYSE: DB) shares are down 8 percent in very active premarket trading after reporting a larger provisions for credit losses.

Coach Inc. (NYSE: COH) shares are down more than 5 percent in the premarket on reporting earnings that were merely in line.

LaserCard Corp. (Nasdaq: LCRD) is among the biggest premarket percentage gainers after beating earnings expectations by 18 cents a share.

Check Point Software Technologies Ltd. (Nasdaq: CHKP) shares are rising in active premarket trade after beating EPS by 2 cents a share.

-The 24/7 Wall St. Team

Top Analyst Upgrades (AMZN, COH, FDX, IPI, JWN, QCOM, RIMM, URBN)

These are Tuesday’s top analyst upgrades and positive research calls we have seen early this morning with more than two hours until the market opens:

  • Amazon.com (AMZN) Raised to Outperform at Cowen.
  • Coach (COH) Started as Outperform at Robert W. Baird.
  • FedEx (FDX) Raised to Overweight at Barclays.
  • Intrepid Potash (IPI) Started as Outperform at RBC.
  • Nordstrom (JWN) Started as Outperform at Robert W. Baird.
  • Qualcomm (QCOM) Started as Outperform at BMO Capital Markets.
  • Research in Motion (RIMM) Started as Outperform at BMO Capital Markets.
  • Urban Outfitters (URBN) Started as Outperform at Robert W. Baird.

Jon C. Ogg

As The Rich Squirm: A Take of Two Luxury Goods Brands (COH, TIF)

In a recession, the poor get poorer, and as Merrill Lynch study today suggests, the poor get poorer still, which has forced Coach Inc. (NYSE: COH) to make big changes that are helping to separate it from other luxury brands.  This has implications for the likes of Tiffany & Co (NYSE: TIF).
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The Retailers That Will Dominate Store Closings (SHLD)(M)(JWN)(TIF)(WMT)(BBY)(GPS)(M)

Empire_3Several estimates from retail analysts predict the tens of thousands of retail outlets will close this year. Some put the number as high as 70,000 in the first half of 2009. Wall St. is bracing for a large number of bankruptcies in the sector, some of them public companies.

The largest fifteen or twenty retailers will chop locations but not go out of business. They have the sales and balance sheets to make it through the next two or three years, unless the recession turns to a depression. But, they won’t be able to keep the doors of all their operations open.

These are some of the nation’s largest retailers and estimates of what they will have to do to cut their total numbers of outlets as revenues fall.

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Coach Continues To Be Economic Victim (COH)

Coach_logoIt has been long-removed since the belief that Coach, Inc. (NYSE: COH) was going to be immune from the consumer spending squeeze.  Tonight we are seeing this again with a forecast of lower earnings and lower sales.

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Stocks Which Doubled Market Performance (ATI, CMCSA, COH, FMCN, HPC, IPG, MICC, NEM, SNI, TIE, VMED)

Money_stack_picAs you will see today’s gains of 10% and more on both the DJIA and the S&P 500 Index, we wanted to explore which stocks greatly outperformed the markets today.  We’d note that it is rather odd to see that technology stocks measured by the NASDAQ were actually lagging the overall market today.

DJIA              9,065.12 (+889.35; +10.88%)
S&P500        940.51 (+91.59; +10.79%)
NASDAQ       1,649.47 (+143.57; +9.53%)

Below is a list of the stocks which outperformed by roughly double over the major index gains of the DJIA, S&P 500, and NASDAQ 100.  These stocks posted gains of 20% or more on the day, and we’d note that this list would actually be much larger if we included the financial stocks and REIT Stocks which we backed out for obvious reasons:

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Top Pre-Market Analyst Upgrades (ABC, BRCM, COH, DNA, IILG, LXK, NUAN, STLD, TLAB)

These are some of the top pre-market upgrades from Wall Street analysts this Wednesday morning:

  • AmerisourceBergen (ABC) Started as Buy at Jefferies.
  • Broadcom (BRCM) Raised to Outperform at Baird.
  • Coach (COH) Raised to Buy at Lazard.
  • Genentech (DNA) Raised to Buy at Jefferies.
  • Interval Leisure Group (IILG) Started as Outperform at FBR.
  • Lexmark (LXK) Raised to Buy at Citigroup.
  • Nuance (NUAN) Raised to Buy at Goldman Sachs.
  • Steel Dynamics (STLD) Raised to Buy at Goldman Sachs.
  • Tellabs (TLAB) Raised to Hold at Jefferies.

Jon C. Ogg
October 22, 2008

Coach (COH) “Might” Buy Back $1 Billion Worth Of Stock

Cammonopoly_wideweb__430x3250The Wall Street Journal declares that "Coach Will Buy Back $1 Billion of its Stock."

Coach (COH), on the other hand was less optimistic. After noting that it had recently completed its $1 billion buyback announced in November of 2007 (Back when the stock was considerably higher, raising questions about the value generated by this repurchase), Coach said, in the standard boilerplate, that its "Board of Directors has authorized the repurchase of up to $1 billion of its outstanding common stock by June 26, 2010. . . The company may terminate or limit the stock repurchase program at any time."

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Coach Investing Substantially In Its Own Stock (COH)

Coach_logoCoach, Inc. (NYSE: COH) has just authorized a new share buyback program for the repurchase of up to $1 billion of its outstanding common stock.  The plan is set to expire on June 26, 2010.  Coach has just completed its current $1 billion repurchase program, which was just put into place in November 2007. It repurchased a total of 31.8 million shares of its own common stock under that program at an average cost of $31.42 per share.  That amount does include a total of 5.7 million shares at an average cost of $28.45 since it announced its fourth quarter earnings last month.

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Coach: Enough Earnings In That Purse? (COH)

Coach_logoBefore the open of trading on Tuesday morning, we’ll get to see earnings out of Coach Inc. (NYSE: COH).  The purse and apparel maker is expected to post $0.50 EPS on $777.6 million in revenues. 

Unfortunately, this earnings report today marks the company’s year-end, so we may not get much as far as long-term guidance out for Fiscal June 2008.  Estimates for next quarter are $0.48 EPS on $786.5 million in revenues.  In case the company does give long-term guidance estimates are $2.37 EPS on $3.63 Billion in revenues (implied 15% EPS growth and 15% revenue growth).

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Top 10 Pre-Market Analyst Calls (ANN, ASH, SCHW, AMTD, COH, DHT, NAT, PHTN, WYNN, BK, LEH, GS, IVZ, STT)

These are not the only research calls this morning affecting stock, particularly as the world is focused on the fleecing that has occurred at Bear Stearns this morning.   But these are other brokerage firm calls for Monday morning:
Ann Taylor (NYSE: ANN) raised to Buy at Citigroup.
Ashland (NYSE: ASH) raised to Buy at Jefferies.
Charles Schwab (NASDAQ: SCHW) downgraded to Underperform at FBR.
Coach (NYSE: COH) downgraded to Hold at Citigroup.
Double Hull Tankers (NYSE: DHT) downgraded to Underweight at JP Morgan.
Nordic American Tanker (NYSE: NAT) raised to Neutral at JP Morgan.
Photon Dynamics (NASDAQ: PHTN) raised to Overweight at Lehman Brothers.
TD Ameritrade (NASDAQ: AMTD) downgraded to Neutral at UBS; downgraded to Market Perform at FBR.
Wynn Resorts (NASDAQ: WYNN) raised to Outperform at Bear Stearns.
UBS downgrades brokers and fiduciaries to Neutral: cuts Bank of New York (NYSE: BK), Lehman (NYSE: LEH), Goldman Sachs (NYSE: GS), InVesco (NYSE: IVZ), State Street (NYSE: STT).

Jon C. Ogg
March 17, 2008

Pre-Market Stock News (January 23, 2008)

We are full fledged into earnings season now, so most news coverage will point to the current earnings environment and guidance.  There are of course drug developments and other contracts awards.  Below is a snapshot of some of the key data we saw affecting shares in pre-market trading:

  • Abbott Laboratories (ABT) $0.93 EPS versus $0.92 estimate; sees Q1 EPS $0.61 to $0.63 versus $0.65 estimates and sees 2008 EPS $3.20 to $3.25 versus $3.22 estimate.
  • Advanced Energy Industries Inc. (NASDAQ: AEIS) traded down over 10% after after it lowered guidance.
  • Air Products (APD) $1.16 EPS vs $1.13 estimates. 
  • Apple Inc. (AAPL) trading down 10% after it posted $1.76 EPS on $9.6 Billion revenues; Estimates were $1.62 EPS on revenues of $9.47 Billion; Guidance for next quarter is $0.94 EPS and revenues $6.8 Billion versus estimates of $1.09 EPS on $6.98 Billion in revenues.
  • Baidu.com (BIDU) announces the formal launch of its Japanese language search engine run by its Japanese subsidiary.
  • CheckPoint Software (CHKP) trading up almost 5% after $0.46 EPS versus $0.45 est.; Revenues $206.7M vs. $202.3M est.;
  • CNH Global (CNH) $0.50 EPS versus $0.60 estimate.
  • Coach (COH) $0.69 EPS vs $0.68 estimate; noted weak mall traffic and decline in average transaction size.
  • EntreMed (ENMD) is starting its Phase II study with its MKC-1 cell cycle inhibitor in ovarian cancer and advanced endometrial cancer.
  • Ethan Allen (ETH) posted $0.70 EPS versus $0.68 estimate.
  • Foster Wheeler (FWLT) trades ex-split to reflect a 2 for 1 stock split.
  • General Dynamics (GD) $1.42 EPS vs. $1.41 estimate; sees 2008 EPS $5.55 to $5.65 versus $5.73 estimate.
  • HOKU Scientific Inc. (HOKU) traded down 10% after earnings beat but guidance was deemed light.
  • INX (INXI) awarded Department of Defense contract to provide up to $21 million in support  of a Cisco Systems network pact.
  • Martek Biosciences (MATK) noted a December publication showed its DHA may help in late-onset Alzheimer’s, although NIH study results will be in 2010.
  • Parametric (PMTC) $0.26 EPS vs. $0.23 estimate; sees next quarter $0.24 to $0.28 vs. $0.26 estimate; sees 2008 EPS $1.17 to $1.27 vs. $1.16 estimate (revenue in-line).
  • Praxair (PX) $0.98 EPS vs $0.97 estimate.
  • Qualcomm (QCOM) expanded relationship with Motorola for chipsets into certain UMTS 3G handsets in 2008 and 2009.
  • RLI Corp. (RLI) $1.22 EPS versus $1.05 estimate.
  • Rockwell Automation (ROK) $1.04 EPS vs. $1.01 estimates; guides 200 EPS $4.25 to $4.45 versus $4.38 estimate.
  • Southwest Airlines (LUV) $0.12 EPS vs. $0.10 estimate ; reigned in 2008 growth plans to 4%-5% capacity.
  • Texas Instruments Inc. (TXN) has posted earnings of $0.54 EPS and revenues of $3.56 Billion; analysts pegged at $0.52 EPS on $3.58 Billion in revenues; sees Next quarter $0.43 to $0.49 EPS on revenues of $3.27 to $3.55 Billion versus estimates of $0.45 EPS on $3.41 Billion in revenues.
  • TJX Companies (TJX) was Jim Cramer’s retail pick on CNBC’s MAD MONEY last night.
  • United Tech (UTX) $1.08 EPS vs. $1.06 estimate; sees 2008 $4.65 to $4.85 versus $4.85 estimate.
  • Vertex Pharmaceuticals (VRTX) will begin Phase III evaluation of telaprevir for its lead investigational hepatitis C protease inhibitor.
  • WellPoint (WLP) $1.51 EPS versus $1.51 estimate.
  • Werner Enterprises (WERN) $0.28 EPS vs. $0.28 estimate.

Jon C. Ogg
January 23, 2008

The 52-Week Low Club (HAR)(TIF)(OPWV)

Harman (HAR) Cuts forecasts and that cuts stock price. Falls to $42.88 from 52-week high of $125.13.

Tiffany (TIF) Even the rich are being pinched. Down to $32.84 from 52-week high of $57.34.

Coach (COH) More rich people spending problems. Also, gets a broker downgrade. Drops to $25.15 from 52-week high of $54.

Compuware (CPWR) Expects to miss quarterly numbers. Trades off to $7.04 from 52-week high of $12.56.

Openwave (OPWV) CFO heads for the door and broker downgrades. Dips to $1.20 from 52-week high of $10.58.

Douglas A. McIntyre

The Week of Stock Buybacks & Repurchase (COH, FIC, MIR, AVCT, HOT, AGO, HEES, CBG, TER, FDO, RWT, LH, VIGN, CSCO)

Coach (NYSE:COH) has decided that the recent stock crush is a good opportunity to announce a $1 Billion share buyback plan. This represents roughly 30 million shares, or 5-times average volume; $12 Billion market cap.

Fair Isaac (NYSE:FIC) approved a $250 million share buyback plan, compared to a market cap of $2 Billion.

Mirant Corp. (NYSE:MIR) had one of the more impressive buybacks and share retirement plans announced, although its shares fell 8% because of losses.  Mirant’s total return plan is some $4.6 Billion, which includes $1 Billion in open market purchases and a $ 1Billion accelerated buyback plan.  This has been under review for the Special Situation Investing Newsletter.

Avocent Corp. (NASDAQ:AVCT) added 3 million shares to its stock repurchase program; Avocent has repurchased 11.2 million shares of the 12 million shares previously approved. The buyback equates to $75 million more in buybacks if completed, compared to a $1.25 Billion market cap and it represents about 8 days of trading volume.

Starwood Hotels & Resorts (NYSE:HOT) raised its dividend and added $1 Billion to share buybacks, compared to a $10.5 Billion market cap.  This one has also been under review for the Special Situation Investing Newsletter.

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Top Earnings Next Week: July 30 & 31 (APC, FPL, HUM, MNST, OSTK, RSH, SUNW, VZ, AEP, ADP, AVR, BWLD, CMG, COH, RIO, FSLR, GM, IACI, IMCL, NVT, NMX, RNWK, RUTH, SIRI, UA, WFMI)

MONDAY, JULY 30, 2007
ABN AMRO (ABN)
Anadarko Petroleum Corp. (APC)
Archer Daniels Midland (ADM)
Cameco (CCJ)
FPL Group (FPL)
HSBC Holdings (HBC)
Humana (HUM)
Monster Worldwide (MNST)
Overstock.com (OSTK)
RadioShack Corp. (RSH)
Simon Property (SPG)
Statoil (STO)
Sun Microsystems (SUNW)
Principal Financial Group (PFG)
Tyson Foods (TSN)
Verizon (VZ)
Wm Wrigley (WWY)

TUESDAY, JULY 31, 2007
Alcan (AL)
American Capital Strategies (ACAS)
American Electric Power    (AEP)
Aon Corporation    (AOC)
Automatic Data Processing (ADP)
Aventine Renewable Energy (AVR)
Avon Products (AVP)
Buffalo Wild Wings, Inc. (BWLD)
CBS Corp. (CBS)
Chipotle Mexican Grill (CMG)
Coach, Inc. (COH)
Companhia Vale do Rio Doce-CVRD    (RIO)
Crown Castle International (CCI)   
CryoLife, Inc. (CRY)
Denny’s Corp. (DENN)
DreamWorks Animation SKG (DWA)
Encore Acquisition Company (EAC)
FEI Company (FEIC)
First Solar (FSLR)
Fresh Del Monte (FDP)
Gartner (IT)
General Cable Corp. (BGC)
General Motors (GM)
Headwaters Inc. (HW)   
IAC/Interactive (IACI)
ImClone Systems (IMCL)
IndyMac Bancorp    (IMB)
Liz Claiborne (LIZ)
Marathon Oil (MRO)
MetLife Inc. (MET)
NAVTEQ Corp. (NVT)
NCR Corp. (NCR)
Nicor Inc. (GAS)
Northwest Airlines (NWA)
NYMEX Holdings (NMX)
PMI Group (PMI)
RealNetworks (RNWK)
RenaissanceRe Holdings (RNR)
Ruth’s Chris Steak House (RUTH)
SiRF Tech (SIRF)   
Sirius Satellite Radio (SIRI)
St. Joe Company    (JOE)
Trimble Navigation (TRMB)
Tupperware Brands (TUP)
Turbochef (OVEN)
Under Armour (UA)
Valero Energy (VLO)
Vornado Realty Trust (VNO)
Waste Industries (WWIN)
Waste Management (WMI)
Watts Water Tech (WTS)
WebMD Health (WBMD)   
Whole Foods Market (WFMI)

We will be following up with many of these individually over the weekend and early in the week with full earnings previews.  Have a great weekend.

-The 24/7 Wall St., LLC team