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Stock Market & Financial Investment News

News Breaks
November 13, 2012
08:33 EDTKORSMichael Kors unsure when stores in storm affected areas will return to normal
News For KORS From The Last 14 Days
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July 18, 2014
07:32 EDTKORSMichael Kors price target lowered to $80 from $95 at Jefferies
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July 17, 2014
13:14 EDTKORSMichael Kors rises after analyst sees less discounting than peers
Shares of accessories designer Michael Kors (KORS) are slightly higher in a down market after Credit Suisse said that the company's brands are less likely to be on sale than those of its competitors. WHAT'S NEW: In a note to investors, Credit Suisse analyst Christian Buss wrote that Michael Kors' products are "one of the least discounted brands available during the seasonal clearance period ahead of early fall shipments." At mid-tier department stores, 25% of Michael Kors' products are on sale with an average markdown of 27%, Buss reported. On average, 35% of the products of the company's peers are on sale, at an average discount of 27%, the analyst stated. Additionally, Michael Kors' channel strategy provides it with multiple advantages, including brand integrity and limits on markdowns, Buss believes. Buss wrote that he was "compelled" by the recent drop in the stock, and reiterated a $107 price target and Outperform rating on the shares. WHAT'S NOTABLE: Also upbeat on Michael Kors today was research firm Canaccord. Markdowns of the company's products are not any larger than last year, and concerns about large discounts on its products have created a buying opportunity, the firm contended. Canaccord continues to believe that the accessories maker has strong long-term growth opportunities, and it kept a $123 price target and Buy rating on the shares. PRICE ACTION: In mid-afternoon trading, Michael Kors gained 2% to $83. Two of the company's competitors, Coach (COH) and Kate Spade (KATE), rose fractionally.
11:48 EDTKORSStocks with call strike movement; ADSK KORS
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11:23 EDTKORSOptions with increasing implied volatility
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07:57 EDTKORSMichael Kors promo concerns creates buying opportunity, says Canaccord
Canaccord said promotional activity concerns at Michael Kors have created a buying opportunity. The firm said markdowns were no bigger than last year, suggesting a standard seasonal markdown in anticipation of fall deliveries. Canaccord believes long term growth opportunities remain robust at Kors and keeps a Buy rating and $123 price target on the shares.
07:45 EDTKORSMichael Kors discounting well below industry averages, says Credit Suisse
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July 16, 2014
10:44 EDTKORSOptions with increasing implied volatility: KORS TWX RVBD
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10:00 EDTKORSOn The Fly: Analyst Downgrade Summary
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06:51 EDTKORSMichael Kors downgraded to Market Perform from Outperform at William Blair
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July 15, 2014
12:31 EDTKORSMichael Kors sinks after analysts issue bearish notes
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11:34 EDTKORSMichael Kors downgraded to Hold, price target cut to $85 at Maxim
As previously reported, Maxim downgraded Michael Kors to Hold from Buy and lowered its price target on the shares to $85 from $109 after the firm's checks showed domestic sales have weakened more than expected, which in turn led to increased markdowns.
11:21 EDTKORSMichael Kors August volatility increases as shares trend lower into Q1
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11:17 EDTKORSStocks with call strike movement; KORS MYL
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11:17 EDTKORSMichael Kors downgraded to Hold from Buy at Maxim
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10:48 EDTKORSOptions with increasing implied volatility: GLUU KORS RVBD HSH
07:03 EDTKORSMichael Kors reiterated as an Underweight at Barclays
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06:44 EDTKORSMichael Kors sentiment 'increasingly more bearish,' says Piper Jaffray
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06:02 EDTKORSMichael Kors price target lowered to $98 from $107 at Citigroup
Citigroup lowered its price target for Michael Kors (KORS) to $98 after its national handbag survey indicated a "lack of newness" and that the company failed to meet plan in 17% of responses versus 1% previously. Citi says Kors continues to be number one in handbags and it keeps a Neutral rating on the stock. Its survey indicated results at Coach (COH) are fairly consistent overall, with an improvement in stores exceeding plan. Citi has a Neutral rating on Coach.
July 10, 2014
09:13 EDTKORSMichael Kors volatility at low end of historic range on tight price movement
Michael Kors overall option implied volatility of 32 is below its 26-week average of 34 according to Track Data, suggesting decreasing price movement.
July 9, 2014
07:01 EDTKORSMichael Kors names Mark Brashear as president of Men's, effective July 7
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