Michael Kors Names Marcel Ostwald Senior Vice President, Men’s Design
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Canaccord Genuity Cuts Price Target on Michael Kors (KORS) Following Q4
May 28, 2015 10:09 AM EDTCanaccord Genuity maintains a Hold rating on Michael Kors (NYSE: KORS), and cuts the price target to $48.00 (from $63.00), following Q4 earnings results. KORS reported weak Q4 comps -5.8% vs. Cannaccord's +4% estimate.
Analyst Camilo Lyon commented, "KORS' weak Q4 comps (-5.8% vs. our +4%) and a subsequently weaker F2016 outlook ($4.40-$4.50 vs. our $4.59 est) underscore the concern we have been highlighting -- the lost luster of the brand due... More
Oppenheimer Cuts Price Target Following Michael Kors (KORS) Q4 Results
May 28, 2015 8:44 AM EDTOppenheimer maintains a Perform rating on Michael Kors (NYSE: KORS), and cuts the price target to $52.00 (from $80.00), following Q4 results. Analyst Anna Andreeva says "Continue to avoid KORS, prefer COH."
Andreeva commented, "KORS story is rapidly changing with first... More
Piper Jaffray Cuts Price Target on Fossil Group (FOSL) Following Michael Kors (KORS) Q4 Results
May 28, 2015 7:46 AM EDTPiper Jaffray reiterates an Underweight rating on Fossil (NASDAQ: FOSL), and cuts the price target to $65.00 (from $72.00), following Michael Kors (KORS) Q4 earnings report. Analyst Erinn Murphy says that continued deceleration of Michael Kors (KORS) watches will likely present near-term pressure for FOSL.
Murphy commented, "We are... More
Piper Jaffray Cuts Price Target on Michael Kors (KORS) Following Q4 Miss
May 28, 2015 7:38 AM EDTPiper Jaffray maintains a Neutral rating on Michael Kors (NYSE: KORS), and cuts the price target to $47.00 (from $64.00), following Q4 results. Analyst Erinn Murphy lowered estimates below FY16 guidance after a Q4 miss.
Murphy commented, "We are reiterating our Neutral and... More
Sterne Agee CRT Lowered Price Target Following Michael Kors (KORS) Q4 Results
May 28, 2015 6:40 AM EDTSterne Agee CRT maintains a Neutral rating on Michael Kors (NYSE: KORS), and cut the price target to $58.00 (from $72.00), following Q4 results. KORS reported EPS of $0.90 (vs consensus on $0.91). For Q1, management is projecting EPS of $0.74 to $0.78 (well below the Street's $1.02 estimate).
Analyst... More
Michael Kors (KORS) Appoints New SVP of Menswear
May 26, 2015 5:23 PM EDTMichael Kors (NYSE: KORS) announced that Marcel Ostwald has been named to the newly created role of Senior Vice President, Menswear.
Mr. Ostwalds appointment, effective August 1, 2015, fills a key role in the global brands growing menswear business. Mr. Ostwald will work closely with Michael Kors and Mark Brashear, President of Menswear, in developing the creative brand strategy and product vision for the mens division.
We are very... More
