Coach and Bed Bath & Beyond to Open Near 52-Week Highs

Coach (NYSE: COH) and Bed Bath & Beyond (NASDAQ: BBBY) reached new 52-week highs of $66.14 and $59.52 per share, respectively, in Friday's trading session.

Coach has been buying back shares and it posted strong quarterly results in April, due in part to strong direct-to-consumer sales, as well as strong same-store sales in North America. The New York-based company designs and markets high-end leather goods and accessories and also licenses its name for eyewear, fragrances and other products. Coach has a market cap of $19.4 billion.

The dividend yield is 1.2% and the return on equity is 49.2%. The long-term EPS growth forecast is 15.4%. Coach also has a P/E ratio that is less than the industry average. The stock has grown more than 19% since the beginning of the year, outperforming its industry average and the broader markets.

Bed Bath & Beyond was just upgraded by S&P Ratings Services following better-than-expected fiscal first-quarter results, driven by sales growth and higher margins. The Union, New Jersey-based company has a $14.8 billion market cap and is the largest domestics superstore retailer in the United States, with more than 950 stores in North America.

The company's P/E ratio of 18.1 is less than the industry average, and the long-term EPS growth forecast is 14.3%. It has a return on equity of 20.3%. The share price has risen nearly 21% year to date. In that time, the stock has outperformed competitors Target (NYSE: TGT) and Walmart (NYSE: WMT), as well as the broader markets.