Kate Spade: Wall Street Hates It, But Shoppers Love It
Kate Spade & Company: Early Innings Of Long-Term Growth
Kate Spade & Company: The Crown Jewel Begins To Shine, For Investors And Bidders
Helix Investment Research • 12 Comments
Helix Investment Research • 12 Comments
Tue, Feb. 2, 10:21 AM
- Strength shown by Michael Kors (KORS +16.1%) in digital channels, Japan, and across much of Europe isn't going unnoticed in the apparel sector.
- G-III Apparel (GIII 1.4%), PVH Corp (PVH +3.2%), Vera Bradley (VRA +5%), Fossil (FOSL +1.8%), Lululemon (LULU +2.5%), Kate Spade (KATE +1.1%), and Movado (MOV +0.5%) are all higher on a day broad market averages are wilting.
- Previously: Michael Kors Holdings beats by $0.13, beats on revenue (Feb. 2)
- Previously: Michael Kors soars after earnings shine (Feb. 2)
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)
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.
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."
- ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, BITE
Nov. 24, 2015, 10:43 AM| 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. 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. 5, 2015, 8:25 AM| 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. 4, 2015, 5:30 PM
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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. 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.
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)
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. 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.
Kate Spade & Co. designs and markets a portfolio of retail-based, premium brands including Kate Spade and Jack Spade. The company operates through three segments: KATE SPADE North America, KATE SPADE International and Adelington Design Group segment. The KATE SPADE North America segment includes... More
Sector: Consumer Goods
Industry: Textile - Apparel Clothing
Country: United States
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