Michael Kors (KORS) Surges 18% Amid Q3 Beat, Solid Outlook
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Piper Jaffray Raises Price Target on Michael Kors (KORS) Following Improved 3Q
February 2, 2016 3:17 PM ESTPiper Jaffray reiterated a Neutral rating on Michael Kors (NYSE: KORS), and raised the price target to $54.00 (from $38.00), following the company's 3Q earnings report. Michael Kors reported retail sales came in up 11.1% Y/Y for the quarter (or +15.7% CC), an acceleration from up 7.5% sales growth in... More
David Einhorn Finds a Winner in Michael Kors (KORS)
February 2, 2016 1:52 PM ESTGreenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison (NYSE: SUNE) and short a couple high-flying FANG stocks. However, today Einhorn is again... More
Mizuho Securities Raises Price Target on Michael Kors (KORS) Following 3Q Beat
February 2, 2016 1:42 PM ESTMizuho Securities reiterated a Neutral rating on Michael Kors (NYSE: KORS), and raised the price target to $45.00 (from $40.00), following the company's 3Q earnings report. 3Q EPS of $1.59, vs. $1.48 last year, beat the Streets $1.46. The beat was driven by improved conversion and +DD... More
Michael Kors (KORS) Tops Q3 EPS by 13c; Issues Light Q4 Outlook
February 2, 2016 6:56 AM ESTMichael Kors (NYSE: KORS) reported Q3 EPS of $1.59, $0.13 better than the analyst estimate of $1.46. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.36 billion.
GUIDANCE:
Michael Kors sees Q4 2016 EPS of $0.93-$0.97, versus the consensus of... More
