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Coach Is Changing Its Name To...Tapestry?
Wednesday, October 11, 2017 - 9:53am | 512Fashion designer and retailer Coach Inc (NYSE: COH) announced Wednesday it will be changing its name to Tapestry, Inc. effective as of the end of the month. The company's stock will also begin trading under the ticker "TPR" at that time. You've Got A Friend The company's...
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Coach Needs Time To 'Digest' Kate Spade, Stock Could Take Time To Adjust
Thursday, October 5, 2017 - 11:59am | 385Analysts at Piper Jaffray feel now is the time for Coach Inc (NYSE: COH)'s investors to move to the sidelines as the stock needs a "period of digestion." The firm's Erinn Murphy downgraded Coach's stock from Overweight to Neutral with a price target lowered from $48 to $43....
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Coach Has This Turnaround In The Bag; Analyst Predicts Stock To Outperform
Tuesday, September 12, 2017 - 2:08pm | 304Coach Inc (NYSE: COH) has pulled off a three-year turnaround and now turns its attention to integrating its Kate Spade acquisition, prompting one analyst to predict double-digit earnings growth with a compound annual growth rate of 10 percent over the next five years. Bernstein analyst Jamie...
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Coach's Turnaround: Is There Room In This Bag To Carry More Upside?
Monday, July 31, 2017 - 1:40pm | 565Analysts at Jefferies parted way with their bullish stance on Coach Inc (NYSE: COH) as there are few catalysts left to support the stock. The firm's Randal Konik downgraded Coach's stock rating from Buy to Hold with a price target lowered from $53 to $45, which implies downside to the stock...
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The Bag With The Swag: Coach Initiated At Buy After 'Game-Changer' Kate Spade Acquisition
Friday, June 30, 2017 - 10:39am | 485Coach Inc (NYSE: COH)'s "revival" over the past two years has been notable but may be overshadowed by its "game-changer" acquisition of Kate Spade & Co (NYSE: KATE), Canaccord Genuity's Camilo Lyon said in a research report in which he initiates coverage of Coach's stock with a Buy rating and $...
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Your Roadmap To Navigating The Coach-Kate Spade Acquisition
Saturday, June 10, 2017 - 12:14pm | 425Coach Inc (NYSE: COH)'s $2.4 billion acquisition of rival handbag and apparel maker Kate Spade (NYSE: KATE) is finalized, but begs the question: what impact will this have on Coach's stock? What You Need To Know One of the most important factors to consider is Kate Spade's very low...
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Deutsche Bank: With Kate Spade Acquisition, Coach Is A Triple Threat
Monday, May 15, 2017 - 11:15am | 430Coach Inc (NYSE: COH)’s $2.4 billion purchase of Kate Spade & Co (NYSE: KATE) is a marriage made in handbag heaven, according to Deutsche Bank. Deutsche Bank upgraded Coach from Hold to Buy and raised its price target from $40 to $54 on Monday. Operating a multi-brand portfolio similar to...
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Why Coach's $18.50/Share Offer For Kate Spade Is 'Fair'
Monday, May 8, 2017 - 1:47pm | 578After months of speculation, Kate Spade & Co (NYSE: KATE) confirmed Monday it has agreed to sell itself to rival Coach Inc (NYSE: COH) for $18.50 per share. Kate Spade's profile as a potential M&A target dates back to late 2016, when the company faced pressure from an activist investor...
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Coach Will Buy Kate Spade For $2.4 Billion
Monday, May 8, 2017 - 7:56am | 349Shares of Kate Spade & Co (NYSE: KATE) gained more than 8 percent Monday morning after the accessories and apparel maker agreed to sell itself to rival Coach Inc (NYSE: COH) for $18.50 per share. Investors shouldn't necessary be surprised by Monday's announcement. Activist investor and...
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Analyst Sees Kate Spade Takeover Price Target In The $18-21 Range
Saturday, April 22, 2017 - 3:33pm | 509Kate Spade & Co (NYSE: KATE) shares dropped following a first-quarter sales miss that also saw comps decline 2 percent. With talks of a potential acquisition of Kate Spade from bigger players Coach Inc (NYSE: COH) or Michael Kors Holdings Ltd (NYSE: KORS), the latest earnings release may...
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Keep The Faith: Analyst Still Believes Kate Spade Sale Will Occur
Wednesday, April 19, 2017 - 10:51am | 403Kate Spade & Co (NYSE: KATE) saw its stock get hit Tuesday after the company disappointed investors with poor sales data for the first quarter. The fashion brand also reaffirmed its commitment to continue evaluating a sale of itself but the language used in a press release gave the impression...
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Handbag Wars! Kate Spade And Coach Seek To Capitalize On Michael Kors' Retreat
Wednesday, March 15, 2017 - 11:16am | 431Michael Kors Holdings Ltd (NYSE: KORS)'s loss could be Kate Spade & Co (NYSE: KATE) and Coach Inc (NYSE: COH)'s gain, at least according to BMO Capital Markets' John Morris. In a report on Wednesday, Morris noted Michael Kors' management team has been focusing on reducing its...
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One Last Flash Sale? Wells Fargo Weighs In On Kate Spade Takeover Talk
Thursday, February 16, 2017 - 4:30pm | 371Shares of Kate Spade & Co (NYSE: KATE) gained more than 12 percent on Thursday after the company confirmed it is evaluating strategic alternatives. Various media reports suggested late last year that the company is preparing for a sale of itself and expects to start a bidding process in the...
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Analyst: Kate Spade's Seasonal Items Flying Off The Shelves, Brand 'Isn't Irrelevant'
Friday, December 30, 2016 - 8:19am | 303Shares of Kate Spade & Co (NYSE: KATE) soared on Wednesday after the designer and marketer of high-end accessories and apparel was said to be seeking strategic alternatives, including a sale of itself. On Thursday, optimism over a sale grew as Bloomberg reported that Kate Spade's...
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Gadfly's Banjo: Kate Spade Shouldn't Sell Itself
Thursday, December 29, 2016 - 2:42pm | 453Shares of Kate Spade & Co (NYSE: KATE) soared higher on Wednesday after the designer and marketer of high-end accessories and apparel was said to be exploring strategic alternatives, including a sale of itself. On Thursday, a Bloomberg report suggested that the company will begin the sales...