Kate Spade (KATE) Sell-Off a Buying Opportunity, Nomura Says
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Kate Spade (KATE) Defended at KeyBanc
August 13, 2014 7:41 AM EDTKeyBanc maintained a Buy rating on Kate Spade (NYSE: KATE) with a price target of $42. Analyst Edward Yruma defended the stock, saying very little has change since yesterday despite a 25% decline.
"In light of a -25.4% decline in the stock (vs. -0.2% decline for the S&P 500), we thought it would be useful to take stock of... More
Buy Kate Spade (KATE) on Weakness, Sterne Agee Says
August 13, 2014 6:15 AM EDTSterne Agee analyst Ike Boruchow is sticking with a Buy rating and raised estimates on Kate Spade (NYSE: KATE) despite yesterday's dramatic 25% sell-off.
Boruchow commented, "KATE's impressive Q2 performance was overshadowed by GM concerns, issues with the Saturday brand, and commentary suggesting the 2016 margin target may be pushed out 12 months. While we see some cause for concern, yesterday's 25% sell-off is overdone. Below we address the key issues that came out of the release, and we'd be buyers on the... More
UPDATE: Kate Spade (KATE) Stock Turns South
August 12, 2014 10:59 AM EDT(Updated - August 12, 2014 11:50 AM EDT)
Kate Spade (NYSE: KATE) stock declined following comments on its Q2 conference call. (Slides from the call are below.) Notably, CEO George Carrara said the company may put off its profit-margin goals for 2016 until 2017, as its Saturday brand has taken longer than expected to ramp.
... MoreKate Spade & Co (KATE) Tops Q2 EPS by 5c, Comps Beat, Offers Guidance
August 12, 2014 7:51 AM EDTKate Spade & Co (NYSE: KATE) reported Q2 EPS of $0.05, $0.05 better than the analyst estimate of $0.00. Revenue for the quarter came in at $266 million versus the consensus estimate of $237.83 million.
Comps increase 30% vs 16.7% expected.
Kate increased total company full year 2014 Adjusted EBITDA guidance to a range of $120 million - $130 million from the previously guided range of $115... More
