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Coach (COH) Stock Climbing in After-Hours Trading Ahead of Earnings Release

NEW YORK (TheStreet) -- Shares of Coach (COH - Get Report) are up by 0.92% to $30.60 in after-hours trading on Monday, ahead of the release of the company's first quarter earnings results, which are due out before the open tomorrow.

The New York City-based luxury apparel brand is expected to report earnings of 39 cents per share on revenue of $1.04 billion for the most recent quarter.

Earnings are forecast to be below the 53 cents per share the company reported in the year ago period while revenue is anticipated to be flat.

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Additionally, analysts at Susquehanna initiated coverage of the stock with a "positive" rating and $40 price target today.

Coach offers a "re-platformed product with clear creative direction that is design led, comprising innovative lifestyle offerings with deliberate investments in quality and unique details igniting brand resurgence and...