Coach: Time to Buy?

I wonder if now would be a good time to buy Coach(COH). It's far from it's 52 week high, and has been climbing as of late. Take into account that government rebate checks are coming, which like it or not, people are going to be using to buy luxury goods. Also Spring is right around the corner, which means it is time for a new handbag for many women out there. I see upside for Coach, how about you?