|Bid||56.77 x 30000|
|Ask||56.91 x 30000|
|Day's range||56.72 - 56.72|
|52-week range||28.68 - 58.90|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Under Armour (UAA) was the worst-performing S&P 500 apparel stock in 2017. It plunged a massive 50% during the year. Some other apparel players had stellar performances that year. PVH (PVH), Gap (GPS), and Michael Kors (KORS) surged 52%, 52%, and 46%, respectively. Sportswear competitors Nike (NKE), Columbia Sportswear (COLM), and Lululemon Athletic (LULU) rose more than 20% that same year.
DKNY parent G-III Apparel, which licenses many top fashion brands, reported a surprise first-quarter profit, sending the stock soaring early Tuesday.
Investors were pleased with PVH’s (PVH) first-quarter results, reported after the market closed on May 30. Its stock price surged ~3% on May 31. Guess (GES) and Michael Kors (KORS), which also reported their quarterly earnings on May 30, saw their stock fall 11% and 19%, respectively. Interestingly, both companies beat top- and bottom-line expectations.
As we’ve discussed in this series, PVH (PVH) reported better-than-expected first-quarter results on May 30. While analysts didn’t change their ratings for PVH after the results, a few raised their price targets, including: Citigroup (to $179 to $174) Telsey Advisory (to $185 from $170) JPMorgan Chase (to $180 from $175) Buckingham Research (to $188 from $187)
Michael Kors Holdings Ltd. Chief Executive John Idol talked up the company’s better-than-expected fourth-quarter revenue, but investors are more concerned with weak sales growth going forward, sending shares down 11.5% in Wednesday trading. Michael Kors (KORS)reported revenue of $1.18 billion, up from $1.06 billion last year and just ahead of the $1.15 billion FactSet consensus. Jimmy Choo contributed $107.9 million.
As we’ve discussed in this series, Michael Kors (KORS) beat market expectations for both its top and bottom lines during the fourth quarter. Around $570 million to $580 million is likely to come from the Jimmy Choo acquisition. Michael Kors’s comps are likely to stay flat, driving retail sales at a mid-single-digit rate.
The Dow Jones Industrial Average soared more than 300 points today, making back nearly all of yesterday's Italy-related drop. •...explain why Monster Beverage (MNST) was the best-performing stock in the S&P 500. The Dow Jones Industrial Average gained 306 points today.
Michael Kors beat fiscal fourth-quarter earnings early Wednesday, but shares fell sharply as upscale brands split ways on Wall Street.
Michael Kors recorded a strong fourth quarter that topped estimates, but its fiscal year 2019 guidance left Wall Street wanting more.
Kors plans to open some 30 new Jimmy Choo stores in the year ending March 2019, it said on Wednesday, adding that it had already signed supermodels Lily Aldridge and Rosie Huntington-Whiteley for the brand's fall marketing campaigns. "(Jimmy Choo) has some brand equity to it but there's some repair work that needs to be done," said BlueFin Research analyst Rebecca Duval. Kors' yearly earnings forecast, which fell largely below Wall Street expectations, partly reflected efforts to turn around the brand, Duval added.
However, in spite of reporting better-than-expected results shares of Michael Kors (KORS) are down during pre-market trading hours
The stock market rebounded early Wednesday on the heels of a harsh distribution day Tuesday for the S&P 500.
Michael Kors Holdings Ltd. swung to a fiscal fourth-quarter profit on a boost in sales, but a cautious outlook for the year disappointed Wall Street. Like many high-end retailers, Kors has been trying to overhaul its business as shoppers shift many of their purchases online, where there's an abundance of luxury goods at lower prices. Earnings, adjusted for restructuring costs and asset impairment costs, came to 63 cents per share.
Among the companies with shares expected to trade actively in Wednesday's session are Morgan Stanley, HP, Salesforce, Amazon.com and Tesla.
Michael Kors (KORS) fourth-quarter fiscal 2018 earnings and revenues came ahead of the Zacks Consensus Estimate. However, earnings declined year-over-year.
Michael Kors Holdings Ltd. said Wednesday it had net income of $44. Chief Executive John Idol said the company is expecting growth at the Michael Kors brand in fiscal 2019 to be led by retail, where it is executing plans for fashion luxury products, brand engagement and the customer experience. "For Jimmy Choo, we will continue to make strategic investments to expand our retail fleet globally, capitalize on the significant opportunity to grow our accessories business and increase brand engagement through glamorous red-carpet marketing communications," Idol said in a statement.
Michael Kors Holdings (KORS) will report earnings on Wednesday, and analysts think that the earnings report may boost the stock, which has already outperformed in 2018. Needham's Rick Patel reiterated a Buy rating and $75 price target on the shares, although he also raised his earnings estimates, given recent strong data and his own research that gives him "increased confidence that its turnaround remains on track." Patel writes that improving U.S. tourist trends have given a boost to other global brands, from Ralph Lauren (RL) to Tiffany (TIF) and Macy's (M), while accessories and premium brand were a bright spot in department stores' first-quarter earnings reports, both of which bode well for Michael Kors. Telsey Advisory Group's Dana Telsey also has a $75 price target on Michael Kors, although she rates it at Market Perform, even though she is also upbeat about the quarter itself.