Michael Kors Holdings Ltd
Why Did Coach Fall 6.0% on May 11?
Coach (COH) has a market cap of $10.6 billion. It fell by 6.0% to close at $38.18 per share on May 11, 2016.
Election Over, Market Still Undecided
We know the nation is politically divided, and now the market is showing us its split personality as well.
Coach Returns A Mixed Bag To Shareholders
Shareholders used to benefit from Coach’s strong results through both stocks and dividend payouts. But in the past few years, returns have been eroded.
Understanding Coach’s Marketing Strategies
To support its direct marketing initiatives, Coach has a database of 24 million households in North America and 10 million in Asia.
How Did Coach Perform in 4Q16?
Coach (COH) fell by 6.4% and closed at $39.33 per share during the second week of August 2016. Coach reported fiscal 4Q16 net sales of $1.2 billion.
Coach Raises Guidance on Upbeat Results from Stuart Weitzman
Stuart Weitzman’s results were one of the brightest spots in Coach’s (COH) fiscal 2Q16 earnings release.
A Look at Michael Kors’ Earnings Expectations and Valuations
As we discussed, Michael Kors (KORS) is slated to report its first-quarter results on August 8. Management has guided for $0.60 to $0.64 in earnings per share.
Strong Calvin Klein Performance Boosted PVH’s Fiscal 4Q15 Results
Total revenue for Phillips-Van Heusen’s fiscal 4Q15 stood at $2.1 billion, registering a rise of 2.1% compared to fiscal 4Q14.
How Has Coach Performed in 1Q17?
Price movement Coach (COH) has a market cap of $10.3 billion. It rose 2.2% to close at $36.68 per share on November 1, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 2.9%, 0.38%, and 15.0%, respectively, on the same day. COH is trading 1.9% above its 20-day moving average, 0.01% below […]
Opportunities and Challenges for Coach
Coach expects to realize $160 million in annual savings due to its restructuring initiatives from fiscal 2016 onward. It also expects to maintain its annual dividend of $1.35 per share.
Your Quick Overview of Kate Spade’s 2Q16 Results and Stock Market Performance
Kate Spade (KATE) reported weaker-than-expected 2Q16 results on August 3, 2016, recording EPS of $0.11, as compared to the Wall Street estimate of $0.14.
How Did PVH Corporation Perform in 2Q16?
PVH Corporation (PVH) has a market cap of $8.9 billion. It fell by 0.67% to close at $108.82 per share on August 24, 2016.
Will Brand Building and Innovation Add Leverage to Fossil’s Valuation?
On August 2, Fossil was trading at a PE multiple of 12.9x. Fossil’s valuation multiple has fallen by 9% since the announcement of its 1Q16 results.
Michael Kors Beats 1Q18 Expectations, Raises Guidance
For fiscal 1Q18, Kors’s EPS came in at $0.90, or $0.28 higher than the estimate. Its revenue fell 3.6% YoY to $952 million but still beat the consensus estimate.
Michael Kors’s Top Line and EPS Rose in 4Q16
Michael Kors’s (KORS) cash and cash equivalents fell by 28.3%, and its inventories rose by 5.2% in fiscal 2016.
Coach’s Pricing Strategies Benefit Its Margins
Coach’s gross margin expanded to 71.6% in 3Q15 from 71.1% in 3Q14. Coach reduced the frequency of its in-store and online promotions, which should boost its margins.
1Q18: Will Michael Kors Post another Weak Quarter?
Michael Kors Holdings Limited (KORS) is slated to report its 1Q18) earnings results on Tuesday, August 8. Here’s what you need to know.
ConAgra Foods Separated Its Lamb Weston Business
ConAgra Brands (CAG) has a market cap of $15.2 billion. It fell 28.3% to close at $34.30 per share on November 10, 2016.
How Did Flowers Foods Perform in Fiscal 2Q16?
Flowers Foods (FLO) has a market cap of $3.3 billion. It fell by 9.0% to close at $16.15 per share on August 10, 2016.
An overview of PVH’s business by geographies
We’ll look at PVH’s operations by geographies. It markets its products in over 100 countries through wholesale partners. It has over 4,700 retail locations.
What investors need to know about PVH’s operations
In the apparel industry, operators are focusing on the retail side of their business. Through retail operations, companies generate higher margins.
Coach Announces Its Sale of 10 Hudson Yards for $707 Million
Coach (COH) has a market cap of $12.1 billion. It rose by 0.81% to close at $43.46 per share on August 1, 2016.
Falling Fuel Costs Boost August US Consumer Confidence to 101.5
According to the Conference Board report, consumer confidence jumped to 101.5 index points in August. August’s consumer confidence index is above July’s 91.0.
Can Coach Revive North America Same-Store Sales in Fiscal 2016?
Coach’s (COH) performance in North America remained pressured in the quarter, with sales declining 7% in reported terms to $731 million.
5 Stocks Making Big Moves in Today’s Trading Session
Twilio Inc. (NYSE: TWLO), SendGrid Inc. (NYSE: SEND), Turtle Beach Corp. (Nasdaq: HEAR), Match Group Inc. (Nasdaq: MTCH), and Michael Kors Holdings Ltd. (NYSE: NYSE) are making big moves in today’s trading session. Here’s what you need to know.
VF Stock Tanks 10.7% despite Robust Q2 2019 Results
On October 19, VF (VFC) stock fell 10.7% after it reported results for the second quarter of fiscal 2019.
How VFC’s Valuation Compares with Peers
On October 12, VF Corporation’s (VFC) 12-month forward PE (price-to-earnings) ratio was 22.4x.
How Has VF’s Stock Performed So Far in 2018?
As of October 12, VF Corporation (VFC) stock has increased 18.1% YTD (year-to-date) to $87.43.
Michael Kors Stock Rose after Strong First-Quarter Results
Michael Kors (KORS) stock has been surging ever since the company announced its fiscal first-quarter 2019 results on August 8.
Top Gainers: Macy’s Rose on June 5
On June 5, J.P. Morgan upgraded Macy’s target price from $35 to $41 and boosted the prices. On June 5, Macy’s gained 8% and closed the day at $40.05.
Positive Sentiment Drove Retail Stocks Higher on June 5
On June 5, Macy’s (M), Gap (GPS), and Michael Kors (KORS) were the S&P 500 Index’s top performers. They rose 7.9%, 6.8%, and 4.9%, respectively.
How Investors Reacted to PVH’s Q1 Results
Investors were pleased with PVH’s (PVH) first-quarter results, reported after the market closed on May 30.
Analyzing Michael Kors’s 3Q18 Comps
Michael Kors’s comps declined for the seventh straight quarter and stood at -3.2%—better than analysts’ expectations of a 6.8% fall.
Michael Kors: What Drove the Fiscal 3Q18 Top Line?
Michael Kors delivered strong fiscal 3Q18 results. Michael Kors recorded revenue growth of 6.5%—compared to the same quarter last year.
Key Insights from Michael Kors’s 3Q18 Results
Currently, Michael Kors is trading at a one-year forward PE (price-to-earnings) ratio of 13.8x—compared to a three-year average of 11.2x.
Tapestry Stock Surges after Strong Fiscal 2Q18 Results
As we’ve discussed throughout this six-part series, Tapestry (TPR) delivered better-than-expected results in fiscal 2Q18. It also raised its full-year earnings guidance.
Analysts’ Actions on Tapestry after Its Fiscal 2Q18 Results
No analysts changed their recommendations on Tapestry (TPR) after its fiscal 2Q18 results. However, a large number of analysts raised their price targets on the company.
Tapestry Beats on Top and Bottom Lines in Fiscal 2Q18
New York–based Tapestry (TPR) reported its fiscal 2Q18 earnings results on February 6, 2018. The company cruised ahead of Wall Street’s expectations.
Michael Kors’s Margins and Profitabilty Expectations for 3Q18
Michael Kors (KORS) is slated to report its 3Q18 earnings results on February 7. Management has guided for $1.22–$1.27 in earnings per share, including anticipated dilution of ~$0.04 from the Jimmy Choo acquisition.
How Will Michael Kors’s 3Q18 Top Line Look?
Michael Kors (KORS) plans to report its 3Q18 earnings results on February 7. Kors’s management has projected that total sales will range between $1,355 million and $1,385 million, reflecting an increase of 1.3% YoY at the midpoint.
Why PVH Corp. is among the Best-Rated Apparel Stocks
Phillips-Van Heusen Corporation or PVH Corp. (PVH) is among the best-rated apparel stocks. The company is rated a 1.9 on a scale of 1 (strong buy) to 5 (strong sell).
Analyzing Gap’s 2Q17 Top-Line Performance
Gap (GPS) reported total revenues of $3.8 billion in 2Q17 and beat the consensus by $30 million. On a YoY basis, the company’s top line fell 1.4%.
Coach’s 4Q17 Earnings Overview: Earnings, Revenue, and Stock Reaction
Coach reported adjusted diluted earnings of $0.50 per share, beating the Wall Street average profit estimate by $0.01.
Despite Currency Headwinds, PVH Delivers Better Growth than Peers
PVH Corporation’s (PVH) top line is predicted to grow 4.9% YoY (year-over-year) in 2Q17.
How Michael Kors Performed in Key Geographies in Fiscal 1Q18
Behind Kors’s sales decline in fiscal 1Q18 were 8.2% and 10.2% declines in North American and European operations, which offset the 60% rise in Asian sales.
KORS versus COH: Comparing Wall Street Valuations
Unimpressive financial performance has taken a toll on Michael Kors’ (KORS) stock market performance. Its shares have tumbled more than 15% to date.
How Has VFC Stock Performed?
After losing 17% of its value in 2015 and 14% in 2016, VF Corporation’s (VFC) stock has risen 4.5% this year as of July 11.
VFC’s Earnings Likely to Drop 20% in 2Q17
VFC’s (VFC) earnings per share (or EPS) could contract a whopping 20% YoY in 2Q17.
Coach Receives 78% ‘Buy’ Ratings from Wall Street Analysts
Of the analysts that cover Coach (COH), 78% recommend a “buy” on the stock, 25% recommend holding it, and 3% suggest selling it.
Coach Is Trading at the Upper End of Its Valuations
Coach’s one-year forward earnings multiple surged to 20.7x versus a three-year average of 18.3x.
Coach’s Comeback Story and Strategy Change
Coach pulled out of 250 department stores in the US during its last reported quarter, reducing the department store count by ~25% in 2017.
Michael Kors Stock Slides after Its Fiscal 4Q17 Results
Michael Kors (KORS) has a strong cash flow position. The company ended fiscal 4Q17 with cash and cash equivalents of $228 million and net debt of -$95 million.
KORS Beats on Earnings and Revenues, Lowers Guidance for Fiscal 1Q18
Michael Kors (KORS) reported fiscal 4Q17 EPS of $0.73, $0.03 higher than analyst estimates. KORS’ revenues fell 11.7% year-over-year to ~$1.1 billion, beating the consensus by $10.0 million.
Understanding Coach’s Stock Jump after Its Latest Earnings Beat
Coach’s (COH) stock price rose 11.4% to $43.15 after it reported its results on May 2. The company is currently sitting on a YTD profit of 23%.
What Drove Coach’s Fiscal 3Q17 Earnings?
Coach (COH) reported a 5% YoY rise in its EPS for fiscal 3Q17, registering $0.46 per share.
Coach’s 3Q17 Earnings Story: Earnings Beat, Revenue Miss
For fiscal 3Q17, Coach reported earnings of $0.46 per share, beating the Wall Street analyst average estimates by $0.02.
Why Did Kate Spade Stock Plunge 15% on April 4?
Kate Spade’s (KATE) share price tanked 14.6% on Tuesday, April 4, as Reuters reported Monday evening that the handbag manufacturer had sought more time from Coach (COH) to consider its buyout offer.
Why Gap’s CEO Is Projecting Optimism after 4Q16
Gap (GPS) reported total revenues of ~$4.4 billion in 4Q16, beating the consensus by $40 million.
Gap’s Key 4Q16 Takeaways: What Happened in Earnings and Revenue
Gap’s revenue rose 1.1% YoY to $4.3 billion—$40 million higher than the consensus—while its EPS fell 11% YoY to $0.51.
KATE’s 4Q16 Profitability Improves on Better Cost Controls
KATE’s strict cost-control measures resulted in a 390-basis-point fall in its selling, general, and administrative rate, which fell to 39.1% of its sales in 4Q16 from 43.0% in 4Q15.
Kate Spade Beats Earnings, Confirms Strategic Review
New York–based Kate Spade (KATE) reported its 4Q16 results on February 16, 2017. The company’s earnings per share stood at $0.41.
What’s the Latest News on PVH Corporation?
PVH Corporation (PVH) has a market cap of $7.5 billion. It fell 1.6% and closed at $93.30 per share on January 26, 2017.
Coach: CLSA and Atlantic Equities Downgraded Its Rating
On January 25, 2017, CLSA downgraded Coach’s rating to “outperform” from “buy.” Atlantic Equities downgraded Coach’s rating to “neutral” from “overweight.”
Coach Made New Appointment in Management
Coach (COH) has a market cap of $10.2 billion. It rose 2.1% to close at $36.24 per share on January 4, 2017.
Piper Jaffray Downgrades Michael Kors Holdings to ‘Neutral’
On January 3, 2017, Piper Jaffray downgraded Michael Kors Holdings’s (KORS) rating from “overweight” to “neutral.” It also lowered the stock’s price target from $60.00 to $48.00 per share.
Morgan Stanley Downgrades Michael Kors Holdings to ‘Equal-Weight’
Michael Kors Holdings (KORS) has a market cap of $7.7 billion. It fell 5.1% to close at $47.16 per share on November 14, 2016.
A Look at Michael Kors Holdings’s Fiscal 2Q17 Performance
Michael Kors Holdings (KORS) has a market cap of $9.0 billion. It rose 3.2% to close at $51.76 per share on November 10, 2016.
Kate’s Stock Price Crashes on Weaker Gross Margin Warning
Kate Spade has seen YTD losses of 18%. The stock price plunged 10.2% after it warned about further margin contraction during its 3Q16 earnings call.
Macro Headwinds Pressurize Kate’s 3Q16 Comps and Gross Margin
Kate Spade (KATE) reported a 15% rise in sales in 3Q16, with total sales reaching $316.5 million.
Kate Spade Beats Earnings and Revenue Estimates in 3Q16
Kate Spade’s top line and bottom line beat Wall Street estimates, with revenue rising 15% YoY to $316 billion—nearly $5.5 million more than expectations.
What Does Wall Street Recommend for KATE, COH, and KORS?
Wall Street has a bullish outlook on Kate Spade. The company has received 76% “buy” and 23% “hold” recommendations from analysts.
How Will Kate Spade’s Fiscal 2016 Performance Shape Up?
As a result of its second quarter headwinds, Kate Spade (KATE) lowered its full fiscal 2016 outlook.
What Drove Kate Spade’s Performance in Fiscal 2Q16?
Kate Spade’s (KATE) 2Q16 performance was characterized by a disconcerting slowdown in sales comps and a contraction in margins.
Can Kate Spade’s 3Q16 Results Boost Investor Sentiment?
Kate Spade (KATE) is set to report its quarterly earnings on Wednesday, November 2, 2016, before the markets open.
Burberry Rises on Merger Speculation Talks with Coach
Price movement Coach (COH) has a market cap of $10.1 billion. It fell 1.0% to close at $35.55 per share on October 21, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -0.86%, -2.9%, and 11.5%, respectively, on the same day. COH is trading 1.6% below its 20-day moving average, 4.4% below […]
Guggenheim Has Rated PVH Corporation a ‘Buy’
PVH Corporation (PVH) has a market cap of $8.9 billion. It rose 3.6% to close at $110.50 per share on September 30, 2016.
Guggenheim Has Given Michael Kors Holdings a ‘Neutral’ Rating
Michael Kors Holdings (KORS) has a market cap of $7.9 billion. It fell 0.17% to close at $46.79 per share on September 30, 2016.
CLSA Rates Michael Kors Holdings as a ‘Sell’
Price movement Michael Kors Holdings (KORS) has a market cap of $7.9 billion. It fell 2.8% to close at $46.87 per share on September 29, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -6.5%, -4.8%, and 17.0%, respectively, on the same day. KORS is trading 3.9% below its 20-day moving average, […]
Judith Amanda Sourry Knox Joins PVH’s Board of Directors
PVH Corporation (PVH) rose 1.3% to close at $108.60 per share during the third week of September 2016.
Can Calvin Klein Drive PVH’s Sales Growth in 2Q16?
Among PVH’s (PVH) three segments, Calvin Klein has been the best performer. The brand accounts for more than 37% of the company’s total revenue.
How Has Tommy Hilfiger Performed in International Markets?
PVH Corporation reports its business under three major segments: Calvin Klein, Tommy Hilfiger, and Heritage Brands.
Better-than-Expected Earnings Support Falling Ralph Lauren Stock
Despite a decline in earnings, Ralph Lauren continues to hold $1.2 billion in cash and short-term investments on its balance sheet.
What Triggered Ralph Lauren’s Falling Fiscal 1Q17 Operating Margin?
On an adjusted basis, Ralph Lauren’s (RL) net income stood at $90 million, or $1.06 per diluted share.
Ralph Lauren Has the Lowest Profitability among Apparel and Fashion Peers
Ralph Lauren (RL) reported an operating loss of $31 million on a reported basis, including restructuring and other related charges of $159 million.
Overview: Ralph Lauren Delivers Earnings Beat, EPS Drops 2.8%
Fashion giant Ralph Lauren (RL) reported its results for fiscal 1Q17 on August 10. The company reported an adjusted profit of $1.06 per share, which was 19% higher than Wall Street analysts’ consensus of $0.89 per share.
A Look at Michael Kors Holdings’s Performance in 1Q17
Michael Kors Holdings (KORS) has a market cap of $8.7 billion. It fell by 2.8% to close at $48.71 per share on August 10, 2016.
Kate Spade Stock’s Gains Were Erased after Disappointing 2Q16
Kate Spade (KATE) delivered an above-average stock market performance and gained about 21% by the end of July 2016.
Key Highlights of Kate Spade’s 2Q16 Results
Kate Spade (KATE), which reported its 2Q16 results on August 3, 2016, reported a 13.7% YoY (year-over-year) increase in its total sales.
Will the Slowdown In Fossil’s Margins Continue in 2Q16?
Fossil’s (FOSL) margins have been in a declining trend during recent quarters.
Credit Suisse Upgrades Coach to ‘Outperform’
Coach (COH) has a market cap of $12.0 billion. It fell by 0.07% to close at $43.10 per share on July 27, 2016.
Inside Kate Spade’s Key Focus Areas
KATE’s top line grew by 9.1% YoY (year-over-year) in fiscal 2015, as compared to a 7.7% YoY increase for Michael Kors and a 12.7% YoY decline for Coach.
What Kate Spade’s Current Valuation Could Mean
After doubling its EPS (earnings per share) in fiscal 2015, Kate Spade (KATE) is predicted to report EPS growth of 56% in fiscal 2016.
How Did Kate Spade Perform in Fiscal 1Q16?
In 1Q16, Kate Spade reported industry-leading, direct-to-consumer comparative sales of 19%. The company also added 14 stores during the quarter.
Baird Upgraded Coach to ‘Outperform’
Coach (COH) has a market cap of $12.1 billion. It rose by 2.5% to close at $43.37 per share on July 18, 2016.
How Is Kate Spade Positioned in the American Affordable Luxury Segment?
Kate Spade recorded total sales of $1.3 billion in the past twelve months. Michael Kors and Coach saw sales of $4.7 billion and $4.3 billion, respectively.
What’s Really Driving Kate Spade’s Sales?
Kate Spade’s primary target audience is middle- and upper-middle class consumers, particularly women, which accounted for 70% of Kate’s net sales in 2015.
Inside Kate Spade’s Business and Brands
KATE’s Jack Spade offers fashion products for men. The Kate Spade New York brand product line primarily sells handbags, apparel, and other accessories.
Which Apparel Companies Were Hit the Hardest by Brexit?
Britain’s decision to leave the European Union on June 23 resulted in the S&P 500 Apparel and Accessories Index falling 5.4% the next day.
How Is Brexit Affecting the US Apparel Sector?
The S&P 500 Apparel and Accessories Index erased YTD (year-to-date) gains and fell 5.4% on the day following the Brexit announcement.
Why Did PVH Issue Senior Notes?
PVH (PVH) rose by 2.1% to close at $98.63 per share at the end of the third week of June 2016.