Kate Spade & CompanyNYSE
Kate Spade: Wall Street Hates It, But Shoppers Love It
Kate Spade & Company: Early Innings Of Long-Term Growth
Wed, Oct. 19, 1:17 PM
- Barron's has introduced a tracking index of stocks favored by younger consumers.
- Though the combined performance on the group of 50 stocks smashed the returns of the S&P 500 over the last five years, this year it lags slightly so far.
- As expected, the price-earnings ratio of the Barron's Next 50 Index skews higher due to the focus on longer-term millennial growth.
- Some of the companies making the initial list are Amazon (NASDAQ:AMZN), Barnes & Noble Education (NYSE:BNED), Boston Beer (NYSE:SAM), Chipotle (NYSE:CMG), Etsy (NASDAQ:ETSY), GameStop (NYSE:GME), GoPro (NASDAQ:GPRO), GrubHub (NYSE:GRUB), Kate Spade (NYSE:KATE), Live Nation (NASDAQ:LIVE), Lululemon (NASDAQ:LULU), MasterCard (NYSE:MA), Match Group (NASDAQ:MTCH), Monster Beverage (NASDAQ:MNST), Shake Shack (NYSE:SHAK), Square (NYSE:SQ), and Yelp (NYSE:YELP).
- A millennial-focused ETF launched last spring, the Global X Millennial Thematic ETF (NASDAQ:MILN), has outperformed the S&P 500 Index over its brief history.
Fri, Oct. 14, 2:54 PM
- Piper Jaffray is out with the results of its annual Taking Stock With Teens Survey. The top brands listed by the 10K teens included in the survey are posted below.
- Top clothing brands: Nike (NYSE:NKE) 29%, American Eagle Outfitters (NYSE:AEO) 9%, Forever 21 5%, Ralph Lauren (NYSE:RL) 4%, Urban Outfitters (NASDAQ:URBN) 3%.
- Top handbag brands: Michael Kors (NYSE:KORS) 34%, Kate Spade (NYSE:KATE) 19%, Coach (NYSE:COH) 10%, Louis Vuitton (OTCPK:LVMHF) 5%, Longchamp Vera Bradley (NASDAQ:VRA) 3%.
- Top footwear brands: Nike 51%, Vans (NYSE:VFC) 9%, Converse 7%, Adidas (OTCQX:ADDYY) 6%, Steven Madden (NASDAQ:SHOO) 2%.
- Top restaurant chains: Starbucks (NASDAQ:SBUX) 14%, Chipotle (NYSE:CMG) 11%, Chick-fil-A 10%, Taco Bell (NYSE:YUM) 3%, Panera Bread (NASDAQ:PNRA) 3%, McDonald's (NYSE:MCD) 3%, Olive Garden (NYSE:DRI) 3%.
- Nothing earth-shattering in the tech results, dominating teen mindspace are Snapchat (Private:CHAT), YouTube, Instagram and Netflix (NASDAQ:NFLX).
Thu, Sep. 29, 10:17 AM
- CLSA issues new ratings updates up and down the retail sector.
- Coach (COH +2%) earns a Buy rating due to sales momentum.
- Tiffany (TIF +0.8%) looks appealing with expectations set low.
- Ralph Lauren (RL +1.7%) lands at Buy with it seen as being in the early stages of a turnaround.
- Catching Outperform ratings are Signet (SIG +0.1%), Oxford Industries (OXM +0.9%), Kate Spade (KATE +1.2%), and G-III Apparel Group (GIII +1.2%).
- A lack of drivers at Michael Kors (KORS -0.6%) brings a Sell rating down from CLSA.
- The investment firm starts off coverage on Carter's (CRI -1.7%) with an Underperform rating and sets a price target of $95 on the retailer.
Tue, Sep. 13, 7:16 AM
- Wells Fargo upgrades Kate Spade (NYSE:KATE) to an Outperform rating after having the retailer lined up at Market Perform.
- The investment firm sees Kate gaining enough momentum in the second half of the year to escape the "penalty box" of investor skepticism.
- "We are raising our valuation to $23-$24 from $16-$18 based on an EV/EBITDA valuation of 9.0x 2017E EBITDA," writes analyst Ike Boruchow.
- KATE +1.58% premarket to $18.67.
Thu, Aug. 4, 12:37 PM
- Kate Spade (KATE +2.4%) is staging a minor recovery after yesterday's post-earnings wipeout.
- The retailer received some KATE)+PT+Cut+to+$22+at+Wedbush+Amid+Disappointing+Q2/11902263.html" target="_blank">support from Wedbush analyst Morry Brown who backed an Outperform rating on the stock.
- Brown thinks trends in the second half will improve for Kate Spade.
- SA contributor L&F Capital Management also likes the current valuation on Kate. The investment management group points to the forward PEG ratio which now sits below 1.
Wed, Aug. 3, 12:48 PM
Wed, Aug. 3, 12:00 PM
Wed, Aug. 3, 9:47 AM
- Kate Spade's (KATE -19.2%) weak results posted earlier this morning have created some broad anxiety across the spectrum of retailers that sell handbags luxury apparel, and accessories.
- The report from Kate Spade threw a bright spotlight on the uphill battle the sector faces in replacing sales from the reduced level of tourists pouring into the U.S.
- Coach (COH -1%), Vera Bradley (VRA -2.5%), Michael Kors (KORS -4%), Movado (MOV -0.3%), and Fossil (FOSL -2.9%) are all notably lower.
- Previously: Weak tourism cuts into results at Kate Spade (Aug. 3)
Wed, Aug. 3, 9:15 AM
- Gainers: SZMK +45%. KOOL +43%. INVT +26%. GNW +23%. ZAGG +14%. OCLR +12%. FIT +9%. BOFI +8%. ING +8%. TRXC +8%. ETP +7%. FCAU +6%. ETSY +6%. ZTS +6%.
- Losers: RUBI -29%. DRWI -20%. CRAY -20%. VGZ -19%. KATE -18%. CYH -17%. CROX -17%. ELGX -11%. FTAI -9%. QRVO -8%. SHIP -6%. COH -6%. RGC -6%. HBI -6%. KORS -6%. INO -5%.
Wed, Aug. 3, 7:24 AM
- Kate Spade (NYSE:KATE) reports sales in North America were up 15% to $271M, while international sales increased 7% to $43M.
- Tourist headwinds were cited as a negative factor during the quarter.
- The company's gross profit as a percentage of sales fell 130 bps to 59.7%.
- SG&A expense rate decreased 580 bpd to 49.0%.
- Store count +17 Q/Q to 426.
- The company expects full-year sales of $1.37B to $1.40B vs. $1.41B and EPS of $0.63 to $0.70.KATE -0.79% premarket to $19.98.
- Previously: Kate Spade misses by $0.03, beats on revenue (Aug. 3)
Wed, Aug. 3, 7:04 AM
Tue, Aug. 2, 5:30 PM
- AAWW, AFAM, ALE, APO, ARCC, ARCO, ARQL, ATHM, ATRO, AVA, CDK, CDW, CEVA, CLDT, CLH, CLX, CRL, CROX, CRTO, CSTE, CWEI, D, DDD, DIN, DLPH, DM, DNOW, DOC, EE, ENR, FCPT, FUN, GEL, HFC, HUM, HYH, ICE, ING, INSY, INXN, IRT, KATE, KLIC, LINC, LMOS, MDC, MEMP, MFA, MTOR, NBL, NSM, NVMI, ODP, ORBK, OXY, PERI, POR, RRD, SBGI, SC, SCMP, SE, SHOP, SMG, SMP, SPR, SR, SUM, TMHC, TWX, USAK, VER, VIRT, VOYA, VSI, WD, XEL, ZTS
Tue, Aug. 2, 3:33 PM
Tue, Jul. 12, 11:26 AM
- William Blair initiates coverage on Kate Spade (KATE +2.9%) with an Outperform rating.
- Wall Street continues to take a very favorable view on Kate Spade's upside. Cowen and Company, Citigroup, and Buckingham Research all backed up bull calls on the retailer in the last two months.
- On Seeking Alpha, the Kate debate this year has focused on valuation vs. growth potential.
Thu, Jun. 2, 12:13 PM
- Kate Spade (KATE -6.7%) and Vera Bradley (VRA -5.4%) are sharply lower even with broad retail indexes slightly higher on the day.
- There's been some indication that traders are worried over the elevated level of sales on Kate and Vera products.
- On Wall Street, Telsey lowered its price target on VRA to $19, while no rating actions came down on KATE.
Thu, Jun. 2, 12:00 PM