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Need A Reason To Buy Michael Kors? UBS Offers 8
Friday, November 2, 2018 - 3:12pm | 412UBS turned bullish on Michael Kors Holdings Ltd (NYSE: KORS) after a dive into multiple aspects of the luxury fashion company's business. The Analyst Analyst Jay Sole upgraded Michael Kors Holdings from Neutral to Buy with a price target lifted from $76 to $80. The...
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Coach's Turnaround: Is There Room In This Bag To Carry More Upside?
Monday, July 31, 2017 - 1:40pm | 565Analysts at Jefferies parted way with their bullish stance on Coach Inc (NYSE: COH) as there are few catalysts left to support the stock. The firm's Randal Konik downgraded Coach's stock rating from Buy to Hold with a price target lowered from $53 to $45, which implies downside to the stock...
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The Bag With The Swag: Coach Initiated At Buy After 'Game-Changer' Kate Spade Acquisition
Friday, June 30, 2017 - 10:39am | 485Coach Inc (NYSE: COH)'s "revival" over the past two years has been notable but may be overshadowed by its "game-changer" acquisition of Kate Spade & Co (NYSE: KATE), Canaccord Genuity's Camilo Lyon said in a research report in which he initiates coverage of Coach's stock with a Buy rating and $...
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Cramer: Coach Is Now Out Of The 'Doghouse'
Monday, June 19, 2017 - 1:27pm | 508For many years, Coach Inc (NYSE: COH) has been stuck in the "doghouse" — but that is no longer the case, CNBC's Jim Cramer explained during his daily "Mad Money" show last Friday. After several years of underperformance and a brand that has fallen out of touch with consumers, Coach hired a "...
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Your Roadmap To Navigating The Coach-Kate Spade Acquisition
Saturday, June 10, 2017 - 12:14pm | 425Coach Inc (NYSE: COH)'s $2.4 billion acquisition of rival handbag and apparel maker Kate Spade (NYSE: KATE) is finalized, but begs the question: what impact will this have on Coach's stock? What You Need To Know One of the most important factors to consider is Kate Spade's very low...
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At Least 1 Pro Thinks Michael Kors Needs To 'Step Up Its Game'
Wednesday, May 31, 2017 - 3:59pm | 421Shares of Michael Kors Holdings Ltd (NYSE: KORS) lost around 10 percent Wednesday and traded at their lowest level in years after the company's fourth-quarter earnings and revenue beat was overshadowed by poor guidance. Investors looking at the stock's decline and thinking it represents a...
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Gadfly's Shelly Banjo: Coach Just Put On Its 'Big-Boy Pants'
Wednesday, May 3, 2017 - 9:48am | 420Coach Inc (NYSE: COH) has had its fair share of woes over the years, but now the fashion icon is firing on all cylinders. According to Gadfly's Shelly Banjo, Coach's earnings report Tuesday signaled that the company has put on its "big-boy pants" and a multi-year long turnaround...
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Keep The Faith: Analyst Still Believes Kate Spade Sale Will Occur
Wednesday, April 19, 2017 - 10:51am | 403Kate Spade & Co (NYSE: KATE) saw its stock get hit Tuesday after the company disappointed investors with poor sales data for the first quarter. The fashion brand also reaffirmed its commitment to continue evaluating a sale of itself but the language used in a press release gave the impression...
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Handbag Wars! Kate Spade And Coach Seek To Capitalize On Michael Kors' Retreat
Wednesday, March 15, 2017 - 11:16am | 431Michael Kors Holdings Ltd (NYSE: KORS)'s loss could be Kate Spade & Co (NYSE: KATE) and Coach Inc (NYSE: COH)'s gain, at least according to BMO Capital Markets' John Morris. In a report on Wednesday, Morris noted Michael Kors' management team has been focusing on reducing its...
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Vera Bradley Investors Left Holding The Bag After Q3 Sales Miss, Guidance Cut
Wednesday, December 7, 2016 - 2:24pm | 466Luxury handbag retailers may not be having the best time in the current operating environment, as the unsteady global economic recovery has made consumers circumspect. Vera Bradley, Inc. (NASDAQ: VRA) shares have been on a downward spiral since Wednesday morning after it reported sub-par third-...
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Baird Prefers Carrying Coach Shares Following Handbag Survey
Thursday, October 6, 2016 - 2:55pm | 480Mark Altschwager of Baird oversees a monthly check of search traffic trends for handbag brands. His latest report for the month of September came in mixed compared to August's check, as his proprietary index rose 320 basis points on a global basis but fell 20 basis points in the United States. Here...
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Kate Spade Back In Style With Analysts
Tuesday, September 13, 2016 - 2:13pm | 526Shares of Kate Spade & Co (NYSE: KATE) bottomed at $15.10 after the company reported its second-quarter results on August 3, which included a reduction in its full-year fiscal 2016 outlook. Specifically, Kate Spade lowered its earnings per share outlook for the full year to a range of $0.63 to...
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Retailers Are Awfully Weak This Morning
Wednesday, August 3, 2016 - 9:45am | 394Another earnings season, another poor performance for retailers. Shares of Kate Spade & Co (NYSE: KATE) were trading lower by nearly 20 percent after the company reported a top and bottom line earnings beat in its second quarter print but slashed its full year fiscal 2016 earnings per share...
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Michael Kors Has Upside…In 2017, BlueFin Says
Thursday, March 31, 2016 - 12:17pm | 467Luxury apparel, footwear and accessories retailer, Michael Kors Holdings Ltd (NYSE: KORS) has made a substantial rebound in 2016 Q1 off the back of a rough previous two years. With the stock up over 40 percent for the first quarter, it's no surprise analysts are taking note. However, the...
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Luxury Update: Morgan Stanley Still Loves Michael Kors Despite 50% Year-To-Date Decline
Monday, November 16, 2015 - 9:37am | 726Shares of Michael Kors Holdings Ltd (NYSE: KORS) have lost nearly 50 percent year-to-date. A team of Morgan Stanley analysts maintained an Overweight rating and $63 price target on shares of Michael Kors. The analysts noted that Michael Kors' approximate $300 average selling price for...