Kate Spade & Company

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  • Tue, Feb. 2, 10:21 AM
    | Tue, Feb. 2, 10:21 AM
  • Tue, Jan. 26, 3:04 PM
    • Coach (COH +10.3%) is up 10% after a penny beat over consensus Q4 earnings estimates.
    • Movado (MOV +5.1%), Kate Spade (KATE +2.9%), Michael Kors (KORS +2.9%), and Vera Bradley (VRA +1.4%) are all higher after the Coach print, although some traders are expressing caution.
    • Coach's sales growth was driven largely by the recently-acquired Stuart Weitzman brand, not handbags, and the company warned on the level of promotional activity with handbag sellers.
    • Previously: Coach beats by $0.01, misses on revenue (Jan. 26 2016)
    • Previously: Coach higher after results and guidance satisfy investors (Jan. 26 2016)
    | Tue, Jan. 26, 3:04 PM | 2 Comments
  • Mon, Jan. 25, 10:30 AM
    • Kate Spade (KATE +2.6%) is higher after Cleveland Research calls the company the "handbag share winner" for the holiday season.
    • The equity research firm says Kate Spade has strong orders in place for the first half of 2016.
    | Mon, Jan. 25, 10:30 AM
  • Tue, Jan. 5, 8:56 AM
    • Kate Spade (NYSE:KATE) skated through the post-holiday clearance period in better shape than rivals Coach and Michael Kors, according to channel checks from Wedbush.
    • Though overall handbag demand was tepid as consumers focused on apparel and shoes, Wedbush notes Kate Spade's inventory levels were well-managed.
    • Shares of Kate Spade are down 13% over the last 90 days to trail both its handbag peers and broad retail ETF returns.
    | Tue, Jan. 5, 8:56 AM
  • Nov. 27, 2015, 12:54 PM
    • "We believe Thanksgiving shopping was a bust," says SunTrust, following channel checks in the New York metro area, New England, and the Southeast starting yesterday and continuing through the night into Black Friday.
    • Team members dispatched to malls had no problem finding parking or navigating stores, says SunTrust, and there seemed to be more browsing than buying going on.
    • Lines at Wal-Mart (WMT -0.5%) and Target (TGT +0.3%) were about half of last year, but Kohl's (NYSE:KSS) was the exception to lame traffic.
    • Joining Kohl's among early winners according to SunTrust are Aeropastale (ARO +0.8%), Abercrombie & Fitch (ANF +0.2%), American Eagle Outfitters (AEO -0.4%), and Kate Spade (KATE -2.6%). New York & Co. (NWY +1.9%) was among the early losers. Gap (GPS -2.7%) scores both a win and a loss, with Old Navy looking good, but Gap stores not so much.
    • Hanging out at Minneapolis' Mall of America, KeyBanc's Edward Yruma says traffic looks weaker than past years. "It doesn't look much busier than an average Saturday morning."
    | Nov. 27, 2015, 12:54 PM | 84 Comments
  • Nov. 24, 2015, 10:43 AM
    • Retail watchers have observed an unannounced "surprise" sale at Kate Spade's (KATE +0.5%) website.
    • The special page on the site posts deep discounts for orders over $175 that will please shoppers, but could impact margins if fired off at scale.
    • H/T Andrea Wasserman of NineWest.
    | Nov. 24, 2015, 10:43 AM | 1 Comment
  • Nov. 23, 2015, 12:29 PM
    • High-end global retail stocks are on the move as some analysts see the sector as oversold.
    • A positive step forward for trade talks between China and the U.S. may also be contributing to the mini-rally.
    • Gainers: Ralph Lauren (RL +1.8%), Guess (GES +3.3%), Coach (COH +2%), Michael Kors (KORS +1.8%), Vera Bradley (VRA +1.6%), Kate Spade (KATE +2.6%), PVH Corp (PVH +1.6%).
    | Nov. 23, 2015, 12:29 PM
  • Nov. 20, 2015, 11:47 AM
    • The S&P Retail ETF (NYSEARCA:XRT) is up 1.9% with apparel and footwear stocks doing much of the heavy lifting.
    • A vibrant rally in sports stocks was sparked by earnings reports and Nike. Iconix Brand (ICON +2.5%), G-III Apparel (GIII +3%), DSW (DSW +3.7%), Finish Line (FINL +3.1%), Caleres (CAL +2.2%), Genesco (GCO +3.5%), and Shoe Carnival (SCVL +1.7%) join the list reported on earlier.
    • Luxury names are on the move with Kate Spade (KATE +2%), Fossil (FOSL +2.9%), Coach (COH +1.4%), and Movado (MOV +2.7%) higher.
    • The beat-up mall retailer group is also recovering after results from Gap (GPS +6%) and Abercrombie & Fitch (ANF +19.4%) topped worst-case scenarios. American Eagle Outfitters (AEO +2.3%), Guess (GES +4.6%), and Pacific Sunwear (PSUN +5.4%) are notable gainers.
    • Big box retailers are the laggards today. Wal-Mart, Target (TGT +0.6%), and Costco (COST +0.6%) are right at market index averages.
    | Nov. 20, 2015, 11:47 AM | 2 Comments
  • Nov. 5, 2015, 8:25 AM
    • Kate Spade (NYSE:KATE) is higher in early trading after the company turned a profit in Q3.
    • New product categories helped the company make up for some uneven trends in the handbag business.
    • Previously: Kate Spade beats by $0.02, misses on revenue (Nov. 05 2015)
    • KATE +3.85% premarket to $20.50.
    | Nov. 5, 2015, 8:25 AM
  • Nov. 5, 2015, 7:06 AM
    • Kate Spade (NYSE:KATE): Q3 EPS of $0.06 beats by $0.02.
    • Revenue of $277.33M (+10.7% Y/Y) misses by $2.69M.
    | Nov. 5, 2015, 7:06 AM
  • Nov. 4, 2015, 5:30 PM
  • Nov. 3, 2015, 10:02 AM
    • Kate Spade (NYSE:KATE) is higher with Cleveland Research issuing positive comments on sales trends for the retailer.
    • The company reports Q3 earnings on November 5 with analysts expecting revenue of $289M and EPS of $0.03.
    • KATE is +3.88% to $19.01, still on the bottom end of the 52-week range of $16.76 to $35.75.
    | Nov. 3, 2015, 10:02 AM
  • Nov. 2, 2015, 11:37 AM
    • Yoga pants are knocking at the door of business offices, according to The Boston Globe
    • There's been a growing acceptance to count yoga pants as "business casual" at some workplaces. The trend could continue as younger managers take over.
    • The broader athleisure category generated sales of over $2B last year and is expected to grow at a double-digit clip this year.
    • Companies seen growing their presence in athleisure include Lululemon (NASDAQ:LULU), Gap (NYSE:GPS), Nike (NYSE:NKE), Target (NYSE:TGT), Dick's Sporting Goods (NYSE:DKS), Hanesbrands (NYSE:HBI), L Brands (NYSE:LB), Under Armour (NYSE:UA), and Kate Spade (NYSE:KATE). Other retailers such as Ann (NASDAQ:ASNA), New York & Companies (NYSE:NWY), and J.C. Penney (NYSE:JCP) are creating new brands in an effort to recapture lost business clothing sales from casual attire becoming more prominent.
    | Nov. 2, 2015, 11:37 AM | 31 Comments
  • Oct. 27, 2015, 9:43 AM
    • Coach (NYSE:COH) is up 8.3% after the company issued a Q3 report showing some improvement in key regions. The comp in North America was -9.5% vs. -19% in the last quarter.
    • Peers Michael Kors (NYSE:KORS) and Kate Spade (NYSE:KATE) are also higher in opening trades, up 2.5% and 1.0% respectively, amid a down market day.
    • Previously: Coach maintains earnings guidance (Oct. 27 2015)
    | Oct. 27, 2015, 9:43 AM | 1 Comment
  • Sep. 24, 2015, 10:23 AM
    • Kate Spade (KATE +1.1%) is higher after Stephens jumps in with a boosted rating of Overweight on the high-end retailer.
    • The Stephens report titled "Put This One In Your Bag" exudes confidence that Kate Spade will see margin improvement.
    • The investment firm keeps its price target on Kate at $31 which implies +60% upside potential.
    | Sep. 24, 2015, 10:23 AM
  • Sep. 10, 2015, 11:28 AM
    • Kate Spade (KATE +0.4%) is set to unveil its Broome Street label tomorrow.
    • The company calls it a "casual expression" of everything it does, while Racked.com says the line is very similar to Kate Spade Saturday - only more expensive.
    • Broome Street apparel will be available at retail chains and online next February.
    | Sep. 10, 2015, 11:28 AM | 1 Comment
Company Description
Kate Spade & Co designs and markets accessories and apparel under three brands namely kate spade new york, KATE SPADE SATURDAY and JACK SPADE.