New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 10, 2013
11:32 EDTTIF, COH, KORSTiffany guidance, weak holiday sales drag on luxury peers
Earlier today, Tiffany & Co. (TIF) issued disappointing FY12 EPS guidance, indicating that results would come in at the lower end of its $3.20-$3.40 range, versus consensus of $3.26. The company also reported its holiday same-store sales were unchanged from a year ago. It said it was planning for sales to grow “conservatively” for 2013, accompanied by net earnings growth of 6%-9%. The news comes amid several recent reports indicating poor holiday sales for major retailers which are likely to adversely affect profit margins. In late morning trading, Tiffany shares are down about 3.4% to $61.09, but had been down as much as 7% shortly after the open. Other luxury retailers are falling in sympathy, with Coach (COH) down about 2% and Michael Kors (KORS) off by nearly 3%.
News For TIF;COH;KORS From The Last 14 Days
Check below for free stories on TIF;COH;KORS the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
July 31, 2014
13:46 EDTKORSMichael Kors volatility increases into Q1
Michael Kors August 7 weekly calls option implied volatility is at 70, August is at 53, September is at 41, November is at 34, January is at 32; compared to its 26-week average of 34 according to Track Data, suggesting large near term price movement in the expected release of Q1 results before the open August 5.
10:03 EDTKORSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Enphase Energy (ENPH) initiated with an Outperform at Imperial Capital... Fission Uranium (FCUUF) initiated with a Buy at H.C. Wainwright... Fox Factory (FOXF) initiated with a Buy at BofA/Merrill... Michael Kors (KORS) initiated with a Buy at BofA/Merrill... Xunlei (XNET) initiated with an Overweight at JPMorgan... lululemon (LULU) initiated with a Positive at Susquehanna.
09:29 EDTKORSMichael Kors initiated with a Buy at BofA/Merrill
Subscribe for More Information
July 30, 2014
10:30 EDTKORS, COHMichael Kors risks seen increasing, shares downgraded
Shares of accessories designer Michael Kors (KORS) are falling after research firm Robert W. Baird downgraded the stock in a note to investors earlier today. WHAT'S NEW: There is increased risk to Michael Kors' revenue and profit margins in North America, Baird analyst Mark Altschwager wrote. The firm's survey on handbags suggests that many fewer consumers are looking to buy handbags this quarter than in the prior quarter, the analyst stated. Additionally, the survey suggests that fewer women plan to buy a Michael Kors handbag in Q3 than in Q2, Baird stated. Meanwhile, Internet search trend data indicates that Michael Kors' trends in the U.S. decelerated in July, Altschwager stated. On a positive note, Michael Kors can still meet its guidance for a high teen percentage increase in Q1 comparative sales and the company's European business appears to be strong, the analyst stated. Moreover, the accessories maker's Q1 results and its guidance are likely to be in-line with expectations, Altschwager believes. However, he "sees less room" for the company's Q1 results to beat expectations. The analyst lowered his price target on the shares to $98 from $114 and cut his rating to Neutral from Outperform. WHAT'S NOTABLE: In recent days Topeka, Morgan Stanley, and Piper Jaffray recommended buying Michael Kors' stock following its weakness. However, BMO Capital called the stock overvalued and Citigroup wrote that its own survey showed that Michael Kors' watch sales were moderating. PRICE ACTION: In early trading, Michael Kors fell 1% to $82.91. Other companies in the space were mixed, as Coach (COH) gained 1.4% to $34.83 and Kate Spade (KATE) lost 0.6% to $38.45.
10:00 EDTKORSOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:53 EDTCOHHandbag survey points to demand deceleration, says RW Baird
Subscribe for More Information
05:28 EDTKORSMichael Kors downgraded to Neutral from Outperform at RW Baird
RW Baird downgraded Michael Kors to Neutral after its Q3 survey indicated weaker purchase intent across the handbag category. The firm now sees increased risk to the company's revenue and margin performance in North America and lowered its price target for shares to $98 from $114.
July 29, 2014
08:17 EDTCOH, KORSCoach Michael Kors shares overvalued, says BMO Capital
Subscribe for More Information
06:54 EDTKORSMichael Kors pullback a buying opportunity into results, says Piper Jaffray
Subscribe for More Information
July 24, 2014
10:51 EDTCOHStocks with call strike movement; COH GILD
Coach (COH) November 39 call option implied volatility decreased 3% to 30, Gilead (GILD) January 110 call option implied volatility decreased 5% to 30 according to IVolatility.
10:39 EDTCOHCoach view changed to Mixed from Negative at OTR Global (pre-open)
06:17 EDTKORSMichael Kors watch momentum moderating, says Citigroup
Subscribe for More Information
July 21, 2014
09:05 EDTKORSKors calls speculation of analyst 'heads up' false, unfounded, TheStreet says
Subscribe for More Information
09:01 EDTTIFTiffany names Frederic Cumenal as CEO, effective April 1, 2015
09:01 EDTTIFTiffany CEO Michael Kowalski to retire, effective March 31, 2015
Subscribe for More Information
09:00 EDTKORSMichael Kors weakness overdone, says Morgan Stanley
Subscribe for More Information
08:04 EDTKORSMichael Kors weakness a buying opportunity, says Topeka
Topeka said recent checks do not indicate substantial markdown or clearance activity in the Michael Kors brand, contrary to some reports. The firm would use recent weakness as a buying opportunity and reiterates its Buy rating and $117 price target.
July 18, 2014
11:45 EDTKORS, COHJefferies sees further risk for Michael Kors despite recent decline
Michael Kors' (KORS) margin pressures and slowing same-store sales growth, along with high expectations for the company, are reasons to be cautious on the stock, research firm Jefferies wrote in a note to investors today. The firm cut its price target on the luxury accessories retailer to $80 from $95. WHAT'S NEW: Michael Kors' same-store sales are slowing, while the company's gross margins are coming under pressure due to increased discounts of its products and its roll out of new stores, Jefferies analyst Randal Konik wrote. Additionally, investors' high expectations for the company will make it difficult for the stock to appreciate even if its results beat expectations, the analyst stated. Even with shares pulling back over the past few days, Konik says risk remains skewed to the downside and kept a Hold rating on the stock. Of note, this is the second time in two weeks that Jefferies cut its estimates for the company. WHAT'S NOTABLE: Expressing a very different outlook yesterday on Michael Kors was Credit Suisse analyst Christian Buss. Michael Kors is "one of the least discounted brands available during the seasonal clearance period ahead of early fall shipments" according to Buss, who wrote that he was "compelled" by the recent decline in the stock. The analyst reiterated a $107 price target and Outperform rating on the shares. OTHERS TO WATCH: The company's competitors include Kate Spade (KATE) and Coach (COH). PRICE ACTION: In late morning trading, Michael Kors was nearly flat near $82 per share.
11:34 EDTKORSOptions with increasing implied volatility
Subscribe for More Information
07:32 EDTKORSMichael Kors price target lowered to $80 from $95 at Jefferies
Subscribe for More Information
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