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Stock Market & Financial Investment News

News Breaks
May 9, 2014
12:59 EDTKORS, COH, RLRalph Lauren falls after same-store sales drop, guidance disappoints
Shares of luxury product and apparel maker Ralph Lauren (RL) are falling after the company reported that its fourth quarter comparable store sales fell 2%. The luxury goods maker also issued fiscal year 2015 earnings per share guidance that was below the consensus view at the midpoint. WHAT'S NEW: Ralph Lauren reported fourth quarter earnings per share of $1.68, which exceeded analysts expectation of $1.63. The luxury company reported fourth quarter revenues of $1.87B which also surpassed analysts expectations. Ralph Lauren experienced a decline of 2% in its consolidated comparable store sales and noted that it's reported basis comparable store sales were down 1% in constant currency during the quarter. The company attributed the decline to the cold weather and late start to spring in North America and the shift in the timing of Easter versus the prior year. In terms of guidance, Ralph Lauren said that it sees FY14 net revenue to be up 6%-8%. In the first quarter of fiscal FY15, the company said that it expects consolidated net revenues to increase by 3%-5%, led by retail segment growth. Executive vice chairman, Roger Farah, announced his retirement from Ralph Lauren at the end of May but noted that he will remain on the board of directors until the expiration of his term on the date of the company's annual stockholders meeting in August. WHAT'S NOTABLE: During the company's earnings conference call, management said that opportunities for growth are "tremendous" and its strategies are "clear." The company noted that it has planned an increase in advertising and marketing and announced its intention to begin a three-year project to upgrade its global e-commerce operating platform. The company said that investing in new capabilities will support accelerated revenue growth through upped productivity and improved conversion rates. ANALYST REACTION: Wells Fargo analysts Evren Kopelman and Connie Wang said that Ralph Lauren's FY15 guidance was "disappointing," but said that the firm's expectations for sales quickening over the next few years thanks to the Polo strategy is unchanged. The analysts added that if management could give clearer margin progression projections, the multiple on the shares could expand. The firm lowered its FY15 and FY16 estimates for Ralph Lauren, but still said that they foresee "significant" upside potential to the shares and feel that the current P/E multiple is very attractive for the growth that they anticipate. Wells Fargo is maintaining its Outperform rating on the stock. OTHERS TO WATCH: Competitors to Ralph Lauren include Coach (COH) and Michael Kors (KORS). PRICE ACTION: During afternoon trading, shares of Ralph Lauren fell $4.18 or 2.75%, to $147.81.
News For RL;COH;KORS From The Last 14 Days
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February 2, 2016
08:47 EDTKORSMichael Kors says footwear seeing 'huge lift' in e-commerce performance
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08:32 EDTKORSMichael Kors says mobile traffic to site 'keeps accelerating every single month'
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08:29 EDTKORSMichael Kors sees foreign currency impacting Q4 EPS by approx. 2c per share
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06:59 EDTKORSMichael Kors sees FY16 EPS $4.38-$4.42, consensus $4.33
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06:57 EDTKORSMichael Kors sees Q4 EPS 93c-97c, consensus $1.00
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06:56 EDTKORSMichael Kors reports Q3 EPS $1.59, consensus $1.46
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February 1, 2016
14:32 EDTKORSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Exxon Mobil (XOM), consensus 64c... Pfizer (PFE), consensus 52c... United Parcel Service (UPS), consensus $1.42... Dow Chemical (DOW), consensus 70c... Emerson Electric (EMR), consensus 51c... Archer-Daniels-Midland (ADM), consensus 66c... Baxter (BAX), consensus 32c... Sirius XM (SIRI), consensus 3c... Royal Caribbean Cruises (RCL), consensus 92c... Ally Financial (ALLY), consensus 51c... Michael Kors (KORS), consensus $1.46... ADT Corp. (ADT), consensus 46c.
13:41 EDTKORSMichael Kors February weekly 40.5 straddle priced for 9.3% movement into Q3
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12:41 EDTKORSEarnings Watch: Analyst urges 'another look' at Michael Kors ahead of Q3 report
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11:42 EDTKORSStocks with call strike movement; YHOO KORS
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10:15 EDTCOHOptions with decreasing implied volatility
Options with decreasing implied volatility: INVN SWFT SNDK AMZN NOW COH VMW CTXS STX
08:09 EDTKORSOptions expected to be active
Options expected to be active: GOOGL GOOG YHOO UPS KORS UPS BAX RCL CCL PFE AET D STR DWA CMG ABT SYK.
07:35 EDTRLRalph Lauren may be next big turnaround in softlines, says UBS
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07:28 EDTKORSJefferies tells investors to take another look at Michael Kors
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January 29, 2016
10:10 EDTCOHOptions with decreasing implied volatility
Options with decreasing implied volatility: ETE INVN FTNT VMW CTXS NOW COH AMZN NWL NYRT
09:03 EDTKORSMichael Kors volatility elevated into Q3 and outlook
Michael Kors February weekly call option implied volatility is at 83, February is at 55, March is at 45; compared to its 52-week range of 23 to 58, suggesting large near term price movement into the expected release of Q3 results on February 2.
08:17 EDTCOHCoach price target raised to $42 from $38 at Cowen
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January 28, 2016
10:13 EDTCOHOptions with decreasing implied volatility
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January 27, 2016
10:23 EDTCOHOptions with decreasing implied volatility
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09:59 EDTCOHCoach upgraded to Outperform from Peer Perform at Wolfe Research
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