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A Few Key Takeaways From Cowen's Off-Price Retail Store Visits
Wednesday, April 17, 2019 - 5:09pm | 507Read More...Cowen recently took consultants and investors on a tour of off-price retail stores to conduct some channel checks. The Analyst John Kernan maintains an Outperform rating on Burlington Stores Inc (NYSE: BURL) with a $165 target. He maintains an Outperform rating on Ross Stores, Inc. (NASDAQ: ROST)...
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Bernstein Upgrades Michael Kors, But Says Core Brand Challenges Persist
Monday, November 12, 2018 - 4:28pm | 363Read More...Bernstein dropped its bearish stance on Michael Kors Holdings Ltd (NYSE: KORS), but said risks remain. The Analyst Analyst Jamie Merriman upgraded Michael Kors from Underperform to Market Perform. The Thesis Michael Kors has a more balanced risk-reward profile at current valuation levels,...
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Barron's Picks And Pans: Michael Kors, Royal Caribbean, Toll Brothers And More
Sunday, July 8, 2018 - 6:27pm | 740Read More...This weekend's Barron's provides a look at four profit champs for your portfolio. Other featured articles include a bargain play on luxury real estate and a cruise operator with momentum. Also, big opportunities in tiny stocks and where to find big yields. "4 Profit Champs for Your...
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What To Watch For After Fossil Reports A Rough Q3
Wednesday, November 8, 2017 - 9:14am | 426Read More...Luxury goods retailer Fossil Group Inc (NASDAQ: FOSL) reported "challenging" third-quarter results after the close Tuesday — including a GAAP EPS loss of 11 cents, down from a positive 36 cent-per-share figure a year ago — but there are signs of stabilization in the watch...
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Michael Kors Scores With Strong Q2, But What's The Deal With That Guidance?
Monday, November 6, 2017 - 12:13pm | 373Read More...Michael Kors Holdings Ltd (NYSE: KORS) reported better-than-expected second-quarter earnings Monday, with the retailer saying it's in-line with its Runway 2020 strategic plan. Kors shares hit a new 52-week high of $55.01 and were trading higher by more than 13 percent Monday morning....
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The Handbag Pair Trade Revisited: Jefferies Picks Kors Over Coach
Thursday, September 14, 2017 - 1:27pm | 349Read More...Amazon.com, Inc. (NASDAQ: AMZN) may end up taking over the world, but there’s one thing it won’t replace — brands. After attending the Michael Kors Holdings Ltd (NYSE: KORS) KORS Collection show during New York Fashion Week, Jefferies analyst Randal J. Konik was affirmed in his...
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Retail Roundup: 9 Fresh M&A Rumors
Tuesday, May 30, 2017 - 8:11am | 846Read More...It can be hard to keep up with ever-changing M&A rumors; here's the situation for nine companies worth tracking. Abercrombie & Fitch Co. (NYSE: ANF) This clothing retailer is reportedly the target of a joint acquisition by American Eagle Outfitters (NYSE: AEO) and Cerberus Capital...
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Retail Earnings Expectations: Costco And Lowe's
Monday, May 22, 2017 - 7:58am | 616Read More...Reports from two big-box retailers will be among earnings highlights this week. Both of them are considered to be less affected by big e-commerce. Wall Street analysts expect good showings from each of them. The parade of big retailers sharing their latest quarterly results continues. While so...
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Analyst Sees Kate Spade Takeover Price Target In The $18-21 Range
Saturday, April 22, 2017 - 2:33pm | 509Read More...Kate 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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Handbag Wars! Kate Spade And Coach Seek To Capitalize On Michael Kors' Retreat
Wednesday, March 15, 2017 - 10:16am | 431Read More...Michael 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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Earnings Surprises Coming From Coach And Michael Kors?
Sunday, August 7, 2016 - 8:50am | 593Read More...Upcoming earnings highlights include the latest results from two leading consumer goods makers. Wall Street analysts are looking for earnings growth from just one of them. However, both have exceeded revenue expectations in recent quarters. Big retailers begin reporting their fiscal...
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Retailers Are Awfully Weak This Morning
Wednesday, August 3, 2016 - 8:45am | 394Read More...Another earnings season, another poor performance for retailers. Shares of Kate Spade & Co (NYSE: KATE) were trading lower by nearly 20 percent after the company reported a top and bottom line earnings beat in its second quarter print but slashed its full year fiscal 2016 earnings per share...
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Michael Kors Gains 8% Following Q4 Print, $1 Billion Share Buyback
Wednesday, June 1, 2016 - 7:23am | 624Read More...Shares of Michael Kors Holdings Ltd (NYSE: KORS) were trading higher by more than 8 percent Wednesday morning after the company reported its fourth quarter results along with an acquisition announcement and an update to its share buyback program. Michael Kors said it earned $0.98 per in the...
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Can Broadcom Or Medtronic Offer Up An Earnings Surprise?
Sunday, May 29, 2016 - 4:27pm | 637Read More...Earnings highlights this week include results from a recently merged semiconductor producer. A leading medical technology company is also set to share its latest quarterly results this week. Wall Street analysts are looking for solid bottom-line growth from each of them. In what overall will be a...
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Michael Kors Soars 15% After Q3 Print
Tuesday, February 2, 2016 - 7:26am | 309Read More...Shares of Michael Kors Holdings Ltd (NYSE: KORS) were trading higher by more than 15 percent early Tuesday morning after the company reported its third quarter results. Michael Kors earned $1.59 per share in the third quarter on revenue of $1.4 billion. Wall Street analysts were expecting the...
