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Why Coach Is Plunging Right Now

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January 23, 2013 | Comments (0)

Coach (NYSE: COH  )  plunged in pre-market trading on news of a "challenging" holiday quarter. The company is seeing a constricted consumer, waning appetite for aspirational purchases, and tough competition. It's the same environment that caused Crocs (NASDAQ: CROX  ) to sell off nearly 10% just the other day.  However, all may not be lost. Today's sell-off seems extreme given the specifics of the earnings, and digging deeper, there are still reasons to be optimistic on Coach today.

Yet, there is no denying that it's a tough time to be a luxury retailer. Coach may not deserve this sell-off, but that still may not make it a buy today. If you're looking for something a bit safer in today's environment, you might want to check out the stock that The Motley Fool's chief investment officer has selected as his No. 1 stock for the next year. Find out which stock it is in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.

Editor's note: At the 30-second mark, Austin meant to say "Crocs," not "Coach." The Fool regrets the error. 

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Austin Smith owns shares of Coach. The Motley Fool recommends Coach. The Motley Fool owns shares of Coach and Tiffany & Co. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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Related Tickers

5/22/2013 3:42 PM
COH $58.95 Down -0.65 -1.09%
Coach CAPS Rating: *****
TIF $77.36 Down -1.02 -1.30%
Tiffany & Co. CAPS Rating: **
KORS $60.52 Down -0.71 -1.16%
MICHAEL KORS HOLDI… CAPS Rating: ***
CROX $17.08 Down -0.30 -1.73%
Crocs CAPS Rating: **

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