Mizuho Securities Remains Sidelined on Michael Kors (KORS) Following 4Q EPS Beat
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/22/2026
- S&P 500, Nasdaq fall, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Spain's ex-transport minister sentenced to 24 years for corruption
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
Michael Kors (KORS): Don't Fall for the Seemingly Low Valuation - Cannacord Genuity
June 2, 2016 9:41 AM EDTCannacord Genuity analyst, Camilo Lyon, isn't dissuaded from the Hold rating and $45 PT despite Michael Kors (NYSE: KORS) posting decent Q4 results. EPS of 98c topped the 95c estimate on slightly stronger retail comps (+0.3% vs. our -2.4%) and curiously strong w/s sales (+3.5% vs. the -7% est.). Gross margin of 58.2% was in line with estimates while SG&A dollar growth of 20.9% far outpaced our 11% est.
That all said, we remain concerned that the underlying trends at KORS are deteriorating. First, NA wholesale is under pressure due to excessive promotions, weak traffic trends, and general... More
Wedbush Raises price Target on Michael Kors (KORS) Following 4Q Report
June 2, 2016 7:36 AM EDTWedbush reiterated a Neutral rating on Michael Kors (NYSE: KORS), and raised the price target to $46.00 (from $43.00), following the company's 4Q earnings report. KORS reported an EPS of $0.98, a penny above Wedbush's estimates. The results were driven by better than expected sales and gross margin. The company's 1Q non-GAAP EPS guidance of... More
Michael Kors (KORS) Raising PT to $69 - Piper Jaffray
June 2, 2016 6:57 AM EDTPiper Jaffray analyst, Erinn Murphy raised her PT on Michael Kors (NYSE: KORS) to $69 (from $67) after Q4 results came in ahead of expectations. No change to Overweight rating.
The Q1 guide disappointed due to pressures in domestic mall traffic and the decision to... More
Pre-Open Stock Movers 06/01: (DWRE) (GALE) (KORS) Higher; (APHB) (UA) (NKE) Lower (more...)
June 1, 2016 9:25 AM EDTToday's Pre-Open Stock Movers:
Demandware (NYSE: DWRE) 56% HIGHER; Salesforce (NYSE: CRM) and Demandware (NYSE: DWRE) anounced that they have entered into a definitive agreement under which Salesforce will acquire Demandware in a transaction worth approximately $2.8 billion (net of cash acquired). Under the terms of the agreement, Salesforce will commence a tender offer for all outstanding shares of Demandware for $75.00 per share, in cash.
... MoreWall St. notches minor gains as economic data pours in
June 1, 2016 7:32 AM EDTBy Lewis Krauskopf
(Reuters) - U.S. stocks fluctuated before closing slightly higher on Wednesday as investors processed data on global manufacturing, U.S. auto sales and inflation for clues about the Federal Reserve's next interest rate hike.
The Nasdaq eked out a gain to close higher for a sixth straight session.
Global manufacturing activity remained stuck in a rut last month with factory output from Asia, Europe and the Americas barely improving, surveys released on Wednesday showed.
But major U.S. stock indexes recovered from declines during the session after a report... More
Michael Kors (KORS) Completes $500M Acquisition of Michael Kors (HK) Ltd.
June 1, 2016 6:59 AM EDTMichael Kors (NYSE: KORS) announced that the Company has completed the acquisition of Michael Kors (HK) Limited, the exclusive licensee of the Company in China and certain other jurisdictions in Asia, on May 31, 2016, for $500 million in cash, subject to certain adjustments.
The acquisition was approved by the independent members of the Companys board of directors, upon recommendation of a Special Committee, comprised of solely independent directors, which... More
Michael Kors (KORS) Tops Q4 EPS by 1c; Completes Greater China Licensee Purchase; Approves $1B Stock Buyback
June 1, 2016 6:57 AM EDTMichael Kors (NYSE: KORS) reported Q4 EPS of $0.98, $0.01 better than the analyst estimate of $0.97. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.15 billion.
The Company completed the acquisition of Michael Kors (HK) Limited, the exclusive licensee of the Company in China and certain other jurisdictions in Asia, on May 31, 2016, for $500 million in cash, subject to certain adjustments. The acquisition was approved by the independent members of the Companys board of directors, upon... More
Notable put flow in option market on May 31
June 1, 2016 6:37 AM EDTNotable put activity cited Tuesday; Celator Pharmaceuticals (NASDAQ: CPXX), Ascena Retail (NASDAQ: ASNA), Michael Kors (NASDAQ: KORS), ARIAD (NASDAQ: ARIA), Workday (NASDAQ: WDAY), Big Lots (NYSE: BIG).
... MoreStocks with Implied Volatility Movement
June 1, 2016 6:34 AM EDTRite Aid (NYSE: RAD) 31, Workday (NASDAQ: WDAY) 51 implied volatility is above its IV index mean
Dollar Tree (NASDAQ: DLTR) 24, Applied Materials (NASDAQ: AMAT) 25 implied volatility is... More
Trading Radar for 6/1: Michael Kors (KORS), Box (BOX), Lands' End (LE), Vera Bradly (VRA), Analogic (ALOG) Report
May 31, 2016 2:13 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:15am EDT
Earnings:
Straddle pricing in expected movement into quarterly reports and guidance
May 31, 2016 2:02 PM EDTMichael Kors (NYSE: KORS) June weekly 42.5 straddle priced for 11% movement
Workday (NASDAQ: WDAY) June weekly 76 straddle priced for 9.7% movement
Zoe's Kitchen (NASDAQ: ZOES) June 35 straddle priced for 11.5% movement
Land's End (NYSE: LE) June 17.5 straddle priced for 12.2% movement
Wedbush Cuts Price Target on Michael Kors (KORS) to $43 Following Checks and Peer reports
May 31, 2016 8:44 AM EDTWedbush maintained a Neutral rating on Michael Kors (NYSE: KORS), and cut the price target to $43.00 (from $52.00), following channel checks and peer reports. The magnitude of the slowdown across retail since mid-March likely left less wiggle room for the company's typically conservative guidance, and Wedbush now expects an in line quarter.
Analyst Morry Brown... More
Michael Kors (KORS) June weekly volatility elevated into Q4 and outlook
May 31, 2016 8:35 AM EDTMichael Kors (NYSE: KORS) June weekly call option implied volatility is at 102, June is at 65, July is at 48 compared to its 52-week range of 23 to 64 into the expected release of Q4 results on June 1.
... MoreMichael Kors (KORS): Buy Ahead of Tomorrow's Earnings Call - Piper Jaffray
May 31, 2016 7:06 AM EDTPiper Jaffray analyst, Erinn Murphy noted that shares of Michael Kors (NYSE: KORS) have been controversial on the heels of the major reports such as Macy's and Nordstrom. With shares trading at a P/E of 9x next year and with sentiment skewing highly... More
