Michael Kors (KORS) Weakness on Versace Speculation an Overreaction - Citi
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Michael Kors (KORS) PT Raised to $80 at Cowen; 'Well-Positioned to Step Change Versace's Growth & Margins Over Time'
September 26, 2018 6:21 AM EDTCowen analyst Oliver Chen raised the price target on Michael Kors (NYSE: KORS) to $80.00 (from $78.00) while maintaining a Market Perform rating, following the company's announced deal for Versace.
Analyst Chen notes a positive outlook on KORS, suggesting the company paid a fair... More
William Blair Remains Sidelined on Michael Kors (KORS) Following Versace Acquisition Reports
September 25, 2018 9:01 AM EDTWilliam Blair analyst, Dylan Carden, reiterated a Market Perform rating on Michael Kors (NYSE: KORS) following an Italian press report that said Versace was nearing a sale with a handful of companies. Both KORS and Tiffany (NYSE: TIF) are... More
Michael Kors (KORS) call put ratio 2.6 calls to 1 put as shares sell off 9% after reports of potential Versace bid
September 24, 2018 11:09 AM EDTMichael Kors (NYSE: KORS) September weekly call option implied volatility is at 40, October is at 31; compared to its 52-week range of 22 to 62 after reports of potential Versace bid.
... MoreMichael Kors (KORS), Versace Said to Sign Deal: ANSA - Bloomberg
September 24, 2018 9:59 AM EDTMichael Kors (NYSE: KORS), Versace Said to Sign Deal: ANSA - Bloomberg
Michael Kors (KORS) call put ratio 1 call to 1.77 puts as shares sell off 6%
September 24, 2018 9:49 AM EDTMichael Kors (NYSE: KORS) call put ratio 1 call to 1.77 puts as shares sell off 6%
Wall Street falls as U.S.-China tariffs kick in
September 24, 2018 8:14 AM EDTBy Sinéad Carew
NEW YORK (Reuters) - The S&P 500 and the Dow closed lower on Monday after a new round of U.S.-China trade tariffs kicked in, dampening last week's hopes for talks between the two countries, and as investors awaited a widely expected interest rate hike by the Federal Reserve.
Seven of the S&P's 11 major sectors lost ground after U.S. tariffs on some $200 billion worth of Chinese goods took effect, along with Beijing's retaliatory duties.
"Investors are starting to see the writing on the wall that China is... More
Michael Kors (KORS) Near Agreement to Buy Versace - Bloomberg
September 24, 2018 6:25 AM EDTMichael Kors (NYSE: KORS) is nearing an agreement to buy Gianni Versace, according to Bloomberg, citing people familiar with the plans. Versace attracted interest from a number of suitors.
Michael Kors may announce a deal as early as this week that values... More
Michael Kors set to snap up Italy's Versace: sources
September 24, 2018 6:21 AM EDTBy Pamela Barbaglia
LONDON (Reuters) - U.S. fashion group Michael Kors (NYSE: KORS) has agreed to take control of Versace in a deal that could value one of Italy's most prized designers at $2 billion, sources familiar with the matter said on Monday.
Budding luxury conglomerates, including Michael Kors' U.S. rival Tapestry (NYSE: TPR), owner of Coach and Kate Spade, are trying to make in-roads into an industry still dominated by European players such as Louis Vuitton owner LVMH .
... More