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Can Broadcom Or Medtronic Offer Up An Earnings Surprise?
Sunday, May 29, 2016 - 5:27pm | 637Read More...Earnings highlights this week include results from a recently merged semiconductor producer. A leading medical technology company is also set to share its latest quarterly results this week. Wall Street analysts are looking for solid bottom-line growth from each of them. In what overall will be a...
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Michael Kors Soars 15% After Q3 Print
Tuesday, February 2, 2016 - 8:26am | 309Read More...Shares of Michael Kors Holdings Ltd (NYSE: KORS) were trading higher by more than 15 percent early Tuesday morning after the company reported its third quarter results. Michael Kors earned $1.59 per share in the third quarter on revenue of $1.4 billion. Wall Street analysts were expecting the...
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Watch Out Below? Piper Jaffray Cuts Michael Kors To Underweight
Friday, August 7, 2015 - 11:58am | 506Read More...In a report published Friday, Piper Jaffray analyst Erinn Murphy downgraded shares of Michael Kors Holdings Ltd (NYSE: KORS) to Underweight from Neutral with an unchanged $38 price target, despite the company reporting a sales and earnings per share beat in its first-quarter print. According to...
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Canaccord Sees Further Downside Risk For Michael Kors
Thursday, May 28, 2015 - 10:18am | 317Read More...In a report published Thursday, Canaccord Genuity analyst Camilo Lyon discussed Michael Kors Holdings Ltd (NYSE: KORS) fourth quarter results which underscores his concern that the brand is weakening. Shares remain Hold rated with a price target lowered to $48 from a previous $64. Lyon noted...
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A Tale Of Two Luxury Retailers: Investors Punish Michael Kors, But Love Tiffany
Wednesday, May 27, 2015 - 5:22pm | 451Read More...Shares of Michael Kors Holdings Ltd (NYSE: KORS) lost nearly one quarter of their value on Wednesday, touching new 52-week lows. At the same time, shares of Tiffany & Co. (NYSE: TIF) were surging more than 10 percent. The sharp move in both retailers stemmed from their respective quarterly...
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Michael Kors On Sale For Half Price From All-Time High
Wednesday, May 27, 2015 - 1:00pm | 259Read More...Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show. Michael Kors Holdings Ltd (NYSE: KORS) shares are trading lower by $13.91 at $46.68 in Wednesday's session. After posting inline Q4 earnings, the company issued much lower guidance for EPS ($0.74...
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Costco, More Retailers On Deck For Earnings This Week
Monday, May 25, 2015 - 12:28pm | 797Read More...Overall, things are beginning to grow quiet on the earnings front, even though more retailers are on deck to share their most recent results this holiday-shortened week. Consensus estimates from Wall Street analysts call for year-on-year earnings growth from Costco Wholesale Corporation (NASDAQ:...
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Bank Of America Checks Show Outperformance At Michael Kors, Google Trends Sloping Negative
Wednesday, April 15, 2015 - 3:00pm | 314Read More...In a report published Tuesday, Bank of America analyst Robert Ohmes detailed recent store checks at Michael Kors Holdings Ltd (NYSE: KORS) are "solid" but Google Trends may be telling a different story. According to Ohmes, store checks in Atlanta, Georgia, during Spring Break...
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Michael Kors Investors: Piper Jaffray Analysts Say They're Moving To The Sidelines
Wednesday, April 1, 2015 - 8:45am | 200Read More...In a report published Wednesday, Piper Jaffray analyst Erinn E. Murphy downgraded shares of Michael Kors Holdings Ltd (NYSE: KORS) to Neutral from Overweight with a price target slashed to $70 from a previous $89 given a more cautious stance on North American comp trajectory over the next six to...
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How The Entry Of Traditional Watch Makers Into Smartwatches Will Impact The Category And Apple
Monday, March 23, 2015 - 2:51pm | 375Read More...It was recently reported that Tag Heuer and Fossil Group Inc (NASDAQ: FOSL) are working toward launching their own Android-based smartwatch. Oliver Chen, analyst at Cowen Group, was on CNBC Monday to discuss how entry of traditional watch makers into smartwatch space will impact the category and...
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Investors Punishing Michael Kors Following Upbeat Q3 Earnings, Weak Forecast
Thursday, February 5, 2015 - 9:18am | 159Read More...Michael Kors Holdings Ltd (NYSE: KORS) on Thursday morning reported its third-quarter results. The company earned $1.48 per share, topping the $1.33 per share analysts were expecting. Revenue of $1.31 billion was slightly higher than the $1.3 billion analysts were projecting. However, the company...
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Sterne Agee: Specialty Retail Off To A 'Tough Start' In 2015
Tuesday, January 20, 2015 - 11:06am | 277Read More...Ike Boruchow of Sterne Agee on Tuesday commented that his specialty retail group is off to a “tough start” in 2015, having declined 4.2 percent. “While expectations had been for a fairly robust holiday, very few companies have actually hurdled the ‘high bar' with...
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Analysts Remain Bullish On Michael Kors Weeks After Hitting 52-Week Low
Wednesday, December 31, 2014 - 1:14pm | 460Read More...Michael Kors Holdings Ltd (NYSE: KORS) dropped to its 52-week low a few weeks ago after the company revealed in its second quarter earnings report that comparable-store sales failed to meet analysts’ expectations. However, the stock has since increased considerably after management has...
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Morgan Stanley Says Europe & Asia Will Anchor Michael Kors Growth
Thursday, November 13, 2014 - 12:15pm | 225Read More...Kimberly Greenberger of Morgan Stanley met with Michael Kors Holdings Ltd (NYSE: KORS) CEO John Idol and other key executives and left the meeting confident in the company's future prospects, particularly in Europe with Asian sales contributing nicely. North American retail sales...
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Morgan Stanley On Michael Kors: Reaction Overdone, Buy The Pullback
Wednesday, November 5, 2014 - 10:38am | 268Read More...Michael Kors Holdings Ltd (NYSE: KORS) earned $0.11 per share on revenue of $1.06 billion in its second quarter, both topping analyst expectations. However, shares were punished on Tuesday after the company reported North American comps slowed to a low double-digit growth rate. Kimberly...
