New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For MRVL;COH;KORS;AEO;GOL;RIMM;MED From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | all recent news | >>
August 4, 2015
07:04 EDTCOHCoach sees FY16 Coach stand-alone brand revenue up low single digits
Subscribe for More Information
07:03 EDTCOHCoach reports North American sales down 20% in Q4 on reported basis
Total North American sales decreased 20% on a reported basis for the quarter to $556 million from $691 million last year, and 19% on a constant currency basis. North American direct sales also declined 20% on a dollar basis and 19% on a constant currency basis for the quarter, with comparable store sales down 19% including the impact of reduced eOutlet events, which pressured total comparable stores sales by about nine percentage points. At POS, sales in North American department stores declined mid-20s versus prior year, as expected, reflecting the elimination of Coach-specific promotional events from the prior year, while shipments into department stores declined somewhat less. International sales decreased 5% for the quarter to $392 million from $414 million last year. On a constant currency basis, sales rose 3% for the quarter. Sales in China rose 5% in dollars and 4% in constant currency on slower distribution growth and a slight decline in comparable store sales. As expected sales on the Mainland were strong, growing at a double digit pace driven in part by positive comps, while results in Hong Kong and Macau were quite weak given significantly lower tourist trends from the Mainland. In Japan, sales rose 2% versus prior year on a constant-currency basis, while dollar sales declined 15%, reflecting the weaker yen. Constant currency sales for the remaining directly operated businesses in Asia were even with prior year while Europe remained strong, growing at a double-digit pace. Shipments into international wholesale accounts declined at a high-teens rate as expected, in large part due to timing shift, while underlying POS sales decreased slightly.
07:03 EDTCOHCoach reports Q4 adjusted EPS 31c, consensus 29c
Subscribe for More Information
06:05 EDTKORSMichael Kors implied volatility of 56 at upper end of index
August 3, 2015
14:59 EDTCOHNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include CVS Health (CVS), consensus $1.20... Regeneron (REGN), consensus $2.77... Aetna (AET), consensus $1.82... Emerson Electric (EMR), consensus 83c... Kellogg (K), consensus 92c... Charter (CHTR), consensus 36c... MGM Resorts (MGM), consensus 11c... Coach (COH), consensus 30c... Hyatt Hotels (H), consensus 46c... Scripps Networks (SNI), consensus $1.26... Office Depot (ODP), consensus 6c.
13:20 EDTKORSMichael Kors options active into Q1 and outlook
Michael Kors July 40 and 40.5 calls are active on total call volume of 17K contracts (7K puts) into the expected release of Q1 on August 6. August weekly call option implied volatility is at 114, August is at 66, September is at 49; compared to its 52-week range of 23 to 54. Active options volume suggests traders taking positions for large price movement.
13:15 EDTCOHCoach volatility elevated into Q4 and outlook
Subscribe for More Information
12:15 EDTCOHCoach attempting to base at $30, levels to watch
Subscribe for More Information
10:00 EDTCOHOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:53 EDTKORSCanaccord remains cautious on Michael Kors heading into earnings
Canaccord said it remains cautious on Michael Kors heading into the company's earnings report on Thursday. The firm believes the sluggishly negative retail traffic trends from last quarter persisted into Q1, leading to a supply/demand imbalance. Canaccord lowered its estimates and price target to $45 from $48 and maintained its Hold rating on Michael Kors shares.
07:21 EDTKORS, COHCoach downgraded to Neutral from Overweight at JPMorgan
Subscribe for More Information
06:42 EDTKORSMichael Kors inventory building at retailers, says Piper Jaffray
Piper Jaffray analyst Erinn Murphy lowered her estimates for Michael Kors (KORS) after channel checks indicated the company's inventory is building at retailers like Macy's (M) and Dillard's (DDS). Further, sales of watches remain under pressure in the U.S. and are starting to slow in Europe, Murphy tells investors in a research note. She believes Kors's negative comps will continue beyond this year as its fundamentals continue to deteriorate. Murphy cut her price target for shares to $38 from $44 and keeps a Neutral rating on the name. The handbag maker closed Friday down 13c to $41.99.
06:03 EDTKORSMichael Kors implied volatility of 57 at upper end of index
Subscribe for More Information
July 31, 2015
13:03 EDTCOHCoach volatility elevated into Q4 and outlook
Coach August weekly call option implied volatility is at 74, August is at 49, September is at 40; compared to its 52-week range of 21 to 44, suggesting large near term price movement into the expected release of Q4 results on August 4.
05:47 EDTKORSStocks with implied volatility movement; KORS VALE
Subscribe for More Information
July 30, 2015
10:18 EDTKORSMichael Kors call activity attributed to takeover speculation
Michael Kors July 40 and 40.5 calls are active on total call volume of 2500 contracts (300 puts) amid speculation private equity is interested in the company. July weekly call option implied volatility is at 40, August is at 52, September is at 42; compared to its 52-week range of 23 to 54. Active call volume suggests traders taking positions for large price movement,
10:13 EDTKORSRumor: Michael Kors strength attributed to takeover speculation
Subscribe for More Information
July 29, 2015
10:00 EDTKORSOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:14 EDTKORSMichael Kors initiated with a Hold at BB&T
Subscribe for More Information
06:04 EDTAEOAeropostale downgraded to Sell from Neutral at UBS
Subscribe for More Information
July 28, 2015
10:23 EDTKORS, COHBMO Capital says high-end handbag makers to stay weak
High end handbag makers Coach (COH), Kate Spade (KATE) and Michael Kors (KORS) are continuing to struggle and their share prices are likely to remain weak, research firm BMO Capital wrote in a note to investors today. The firm significantly cut its price targets on all three names. WHAT'S NEW: Consumers are spending less on high-end handbags as they increase the amount they allocate to other areas, including travel, leisure and apparel, BMO Capital analyst John Morris stated. Consequently, the North American handbag market was expanding at a 5% rate at the end of June, down from a high single digit rate earlier this year, according to Morris. Meanwhile, competition within the space is mounting and handbag price wars are continuing, the analyst stated. Although handbag stocks have dropped significantly and their valuations appear attractive, they are "falling knives," the analyst warned. Assessing the status of specific companies, Morris says that Kate Spade has avoided implementing major price cuts on its products, though its comparative sales and "mind share" have suffered as a result of that decision and stores are displaying its products less prominently. Coach's stock suggests that investors expect the company's fundamentals to rebound, but Morris thinks that their optimism may be premature. The pace of the company's improvement "remains challenging," and it is likely to be hurt by a decline of U.S. tourism, he believes. Also likely to be hurt by declines in tourism is Michael Kors, the analyst stated. The prices of Michael Kors' products are being reduced by retailers, its gross margins are sinking and its watch business is weak, Morris warned. He reduced his price target on Kate Spade to $19 from $30, on Coach to $28 from $37 and on Michael Kors to $40 from $51. The analyst kept Market Perform ratings on all three stocks. PRICE ACTION: In early trading, Kate Spade was little changed at $18.75, Coach fell 0.5% to $30.60 and Michael Kors was fractionally higher at $39.17.
09:04 EDTKORS, COHHandbag makers estimates, price targets lowered at BMO Capital
Subscribe for More Information
July 27, 2015
08:56 EDTGOLGOL Linhas reports June load factor up 1.5% YoY
Subscribe for More Information
July 23, 2015
10:00 EDTKORSOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
10:00 EDTCOHOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
08:48 EDTCOHCoach upgraded to Neutral from Underperform at Buckingham
Subscribe for More Information
08:48 EDTKORSMichael Kors downgraded to Neutral from Buy at Buckingham
Subscribe for More Information
07:43 EDTAEOStephens to hold a tour
Subscribe for More Information
July 22, 2015
07:25 EDTCOHCoach price target lowered to $40 from $47 at Stifel
Stifel cut its price target on Coach as the firm believes that competition in the accessories category is increasing, causing a deceleration in the segment. However, the firm keeps a Buy rating on the stock.
<< 1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use