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News Breaks | | | | January 10, 2013 | | 11:32 EDT |  | TIF, KORS, COH | Tiffany 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%. | |
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News For TIF;COH;KORS From The Last 14 Days Check below for free stories on TIF;COH;KORS the last two weeks. |
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| May 17, 2013 | | 06:09 EDT |  | KORS, COH | Citi recommends Michael Kors ahead of Q4 results
 Subscribe for More Information | | | May 16, 2013 | | 09:46 EDT | | TIF | Tiffany raises quarterly dividend to 34c from 32c
Subscribe for More Information | | | 09:20 EDT | | COH | Coach estimatse raised at Sterne Agee
Sterne Agee believes Coach can take shares in the combined premium footwear/outwear market and has an opportunity in watches. The firm reiterates its Buy rating and raised its price target to $65 from $62. | | | May 15, 2013 | | 17:46 EDT | | COH | SAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), . | | | 17:38 EDT | | TIF | Trian Fund gives quarterly update on stakes
Subscribe for More Information | | | 17:26 EDT | | TIF | Third Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN). | | | 07:01 EDT | | KORS | Michael Kors recommended ahead of Q4 results at Piper Jaffray
Subscribe for More Information | | | May 13, 2013 | | 14:46 EDT |  | COH | Coach approached Tory Burch about possible takeover, WSJ says
Coach is weighing the purchase of an accessories brand to aid its growth, reported The Wall Street Journal, citing people familiar with the company's thinking. Coach previously approached Tory Burch, the report noted, and one source said a potential bid in the $2B-$3B range was discussed. Reference Link | | | 14:19 EDT | | COH | Coach approached Tory Burch last year about deal, Dow Jones reports
Subscribe for More Information | | | 09:37 EDT |  | KORS | Michael Kors rises after addition to Best Ideas List at Morgan Stanley
Subscribe for More Information | | | | 07:29 EDT | | KORS | Michael Kors added to Best Ideas List at Morgan Stanley
Subscribe for More Information | | | May 9, 2013 | | 14:54 EDT |  | COH | Coach management to meet with Sterne Agee
Group dinner to be held in New York on May 15 hosted by Sterne Agee. | | | May 8, 2013 | | 10:58 EDT |  | KORS | Michael Kors June volatility flat at 46
Subscribe for More Information | | | 10:40 EDT | | KORS | Salesforce.com, Yelp rumored as potential Sohn short mentions, Kass says
Subscribe for More Information | | | 07:44 EDT | | COH | BofA/Merrill's retail analysts hold an analyst/industry conference call
Specialty Retail Analyst Hutchinson provides an update on April monthly sales, earnings and industry trends on an Analyst/Industry conference call. Relevant covered companies BBBY, BBY, BJ, CHS, COH, COST, DG, DLTR, FDO, FL, GPS, KR, KSS, LOW, M, NDN, PLCE, SKS, SWY, TGT, TJX, WMT and ZLC may be included on the Analyst/Industry conference call to be held on May 9 at 1 pm. | | | May 7, 2013 | | 10:18 EDT | | KORS | Michael Kors' Fossil opportunity is positive for growth, says Cowen
Subscribe for More Information | | | 10:00 EDT |  | KORS | On The Fly: Analyst Initiation Summary
Subscribe for More Information | | | 10:00 EDT |  | TIF, COH | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Aeropostale (ARO) downgraded to Sell from Hold at Brean Capital... AIG (AIG) downgraded to Neutral from Buy at Goldman... Alpha Natural (ANR) downgraded to Sell from Neutral at Goldman... American Eagle (AEO) downgraded to Market Perform from Outperform at Wells Fargo... Coach (COH) downgraded to Market Perform from Outperform at Wells Fargo... Iconix Brand (ICON) downgraded to Hold from Buy at Brean Capital... International Rectifier (IRF) downgraded to Market Perform at JMP Securities... Mettler-Toledo (MTD) downgraded to Hold from Buy at Jefferies... TJX (TJX) downgraded to Market Perform from Outperform at Wells Fargo... Tiffany (TIF) downgraded to Market Perform from Outperform at Wells Fargo... North American Palladium (PAL) downgraded to Market Perform at Raymond James... Ducommun (DCO) downgraded to Neutral from Buy at B. Riley... International Rectifier (IRF) downgraded at JMP Securities... Hologic (HOLX) downgraded to Buy from Strong Buy at ISI Group... Ruckus Wireless (RKUS) downgraded to Neutral from Buy at Lazard Capital. | | | 07:57 EDT | | COH | Coach price target raised to $65 from $58 at Stifel
Subscribe for More Information | | | 06:16 EDT | | TIF | Tiffany downgraded to Market Perform from Outperform at Wells Fargo
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