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Stock Market & Financial Investment News

News Breaks
August 12, 2014
10:05 EDTKATEKate Spade says Juicy Couture wind-down 'substantially complete'
Sees FY14 CapEx $140M. Sees FY14 gross margin down 125-175 bps from FY13. Sees around 80 new planned store openings from FY13. Sees interest expense $32M-$37M for FY14, as well as normalized tax rate of 38%-40%. Expects to achieve an adjusted EBITDA Margin target of 25% for the former Kate Spade Segment, but as part of its annual business planning process, the company says it is assessing whether any short-term adjustment to the 2016 timeframe is warranted. If a short-term adjustment is even necessary, the company expects the most likely adjustment would be a shift to 2017. Says currently pursuing various partnerships to meaningfully improve operating leverage. Sees launch of U.K. e-commerce site in Q4. Comments from slides that are being presented on the Q2 earnings conference call.
News For KATE From The Last 14 Days
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January 23, 2015
10:02 EDTKATEOn the Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AmSurg (AMSG) upgraded to Overweight from Neutral at Piper Jaffray... Anglo American (AAUKY) upgraded to Neutral from Sell at Goldman... Autobytel (ABTL) upgraded to Buy from Hold at Ascendiant... Charles River Labs (CRL) upgraded to Outperform from Market Perform at William Blair... Chesapeake (CHK) upgraded to Outperform from Neutral at Credit Suisse... CubeSmart (CUBE) upgraded to Buy from Neutral at SunTrust... Cypress Semiconductor (CY) upgraded to Neutral from Underweight at JPMorgan... DreamWorks Animation (DWA) upgraded to Overweight from Neutral at Piper Jaffray... E-Trade (ETFC) upgraded at Credit Suisse... Kate Spade (KATE) upgraded to Buy from Neutral at Mizuho... LinkedIn (LNKD) upgraded to Strong Buy from Market Perform at Raymond James... Matthews (MATW) upgraded to Outperform from Neutral at Macquarie... Meridian Bioscience (VIVO) upgraded to Buy from Hold at Craig-Hallum... Michael Kors (KORS) upgraded to Buy from Neutral at Mizuho... NIC Inc. (EGOV) upgraded to Hold from Sell at Maxim... Natural Grocers (NGVC) upgraded to Overweight from Neutral at Piper Jaffray... Nucor (NUE) upgraded to Buy from Neutral at Goldman... ResMed (RMD) upgraded to Buy from Hold at Needham... Smith & Wesson (SWHC) upgraded to Buy from Neutral at Dougherty... Ternium (TX) upgraded to Neutral from Sell at Goldman... Union Pacific (UNP) upgraded to Buy from Hold at BB&T... ZAGG (ZAGG) upgraded to Buy from Hold at Craig-Hallum... lululemon (LULU) upgraded to Overweight from Neutral at JPMorgan.
06:37 EDTKATEKate Spade upgraded to Buy from Neutral at Mizuho
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