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Kate Spade & Company (KATE)

  • Thu, Sep. 24, 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.
    | Thu, Sep. 24, 10:23 AM | Comment!
  • Tue, Aug. 11, 7:47 AM
    • Citi adds Kate Spade (NYSE:KATE) to its Focus List.
    • The investment firm names the retailer as its top pick for the back half of the year in the apparel/footwear sector.
    • Citi has a price target of $33 on Kate which implies +50% upside from its current level.
    • Previously: Kate Spade breaks out after management pulls the right levers (Aug. 05 2015)
    • KATE +0.8% premarket to $21.22.
    | Tue, Aug. 11, 7:47 AM | Comment!
  • Wed, Aug. 5, 1:13 PM
    • Kate Spade (KATE +6.5%) rallies after the retailer's earnings miss is overlooked by investors focusing on the company's ability to reduce its reliance on handbags and promotional activity.
    • The breakout by Kate Spade arrives during a tough sales slog for the handbag sector (Coach, Vera Bradley, Michael Kors).
    • Analysts say KS management has kept a "tight" level of inventory which has helped it ride out demand swings easier than peers.
    • Previously: Kate Spade misses by $0.03, misses on revenue
    • Previously: Double-digit sales growth for Kate Spade in Q2
    | Wed, Aug. 5, 1:13 PM | Comment!
  • Wed, Aug. 5, 9:19 AM
    | Wed, Aug. 5, 9:19 AM | 11 Comments
  • Wed, Aug. 5, 7:47 AM
    • Kate Spade (NYSE:KATE) reports direct-to-consumer comparable sales rose 10% in Q2.
    • Kate Spade North American sales +22% to $232M.
    • Kate Spade International sales +16% to $36M.
    • The company's gross margin rate increased 240 bps to 61.0% off a comparison from last year with a high level of inventory liquidations.
    • SG&A expense rate fell 10 bps to 54.8%.
    • Previously: Kate Spade misses by $0.03, misses on revenue
    • KATE +5.1% premarket to $21.75.
    | Wed, Aug. 5, 7:47 AM | Comment!
  • Thu, Jul. 23, 11:47 AM
    • Select retail stocks are outperforming the broad stock market and retail ETFs which are mostly pointing negative.
    • Retail outliers today include Lululemon (LULU +1.3%), Gap (GPS +1.7%), Kate Spade (KATE +2%), and Abercrombie & Fitch (NYSE:ANF) with a 1.1% gain.
    • Under Armour (UA +8.3%) is in a league all of its own after an earnings smash.
    • Previously: Strong growth across the board at Under Armour (Jul. 23 2015)
    | Thu, Jul. 23, 11:47 AM | 1 Comment
  • Thu, Jul. 16, 10:12 AM
    • Some popular momentum-driven retail stocks are starting off the day in reverse with Michael Kors (KORS -2.7%), Coach (COH -0.2%), Pacific Sunwear (PSUN -1.9%), Vera Bradley (VRA -3.3%), Fossil (FOSL -0.6%), Lululemon (LULU -0.6%), Kate Spade (KATE -0.4%) and Under Armour (UA -3.5%) all lower.
    • While OTR Global is with a fresh note on UA and KORS in which expectations are reeled in, pricing trends and China are also looming over the sector.
    | Thu, Jul. 16, 10:12 AM | 2 Comments
  • Wed, May 27, 10:07 AM
    • Select high-end retailers are trading weaker after reports from Michael Kors and Movado rattle the sector.
    • Though Tiffany is ripping up a double-digit gain on the day, analysts note the earnings beat came off of a lowered bar.
    • Decliners: Fossil (NASDAQ:FOSL) -5.3%, Kate Spade (NYSE:KATE) -1.9%, Vera Bradley (NASDAQ:VRA) -1.9%, Tum Huldings (NYSE:TUMI) -1.0%, Guess (NYSE:GES) -0.3%, Coach -5.5%.
    • The PowerShares Dynamic Leisure and Entertainment ETF (NYSEARCA:PEJ) is slightly trailing broader market averages.
    • Previously: F/X clips results at Movado
    • Previously: Light guidance from Michael Kors
    | Wed, May 27, 10:07 AM | 4 Comments
  • Thu, May 7, 8:27 AM
    | Thu, May 7, 8:27 AM | 1 Comment
  • Tue, Mar. 31, 9:59 AM
    • A better-than-expected report from Movado is giving a lift to some luxury peers.
    • Fossil (FOSL +1%), Coach (COH +0.5%), and Kate Spade (KATE +0.2%) are all higher on a down day in the markets.
    • Movado was able to take some measures to mitigate the impact of F/X swings.
    • Previously: Movado rips 8% gain after guidance pleases
    | Tue, Mar. 31, 9:59 AM | Comment!
  • Mon, Mar. 9, 3:15 PM
    • More selling pressure on Kate Spade (KATE -2.6%) has pushed shares below $32.
    • The stock has lost close to 11% since the middle part of Wednesday.
    • Some retail analysts think Kate has been hit too hard by broader F/X concerns over the luxury sector.
    • Due to its scale, Kate Spade is a little bit more nimble than peers.
    • Cowen Research lumps Kate Space into the group of retailers that it sees benefiting from lower gas prices and unemployment - a distinction not made by all.
    | Mon, Mar. 9, 3:15 PM | Comment!
  • Wed, Mar. 4, 9:22 AM
    • Kate Spade (NYSE:KATE) plans to make an aggressive push into home goods and furniture through new licensing agreements.
    • "The breadth of our home décor line will feature products at all access points in both pricing and distribution from an $8 notebook to an $8,000 piece of furniture," disclosed CEO Craig Leavitt during the earnings call yesterday.
    • Kate Spade earnings call
    • KATE -1.0% premarket to $34.23.
    | Wed, Mar. 4, 9:22 AM | Comment!
  • Tue, Mar. 3, 2:04 PM
    • Kate Spade (KATE -2.4%) trades lower following a soft read on margins for 2015 amid F/X pressure in Japan, although the drop is roughly in-line with other luxury stocks which are having a rough day.
    • The company's 2015 revenue guidance of $1.2B-$1.275B fell short of the $1.28B that analysts expected.
    • During the earnings call, execs reiterated that a measured approach to promotional activity will be the plan this year. Flash sales and either margin-crunching initiatives are likely to be reduced.
    • Kids clothing and fragrances are two categories where the company sees sales growth and potential distribution deals.
    • Earnings call transcript
    • Previously: Kate Spade misses by $0.04, beats on revenue
    • Previously: More on Kate Spade's Q4
    | Tue, Mar. 3, 2:04 PM | Comment!
  • Tue, Mar. 3, 8:36 AM
    • Kate Spade (NYSE:KATE) reports comparable direct-to-consumer sales rose 28% in Q4.
    • Segment revenue growth: Kate Spade North America +50.5% to $326.75M; Kate Spade International 56% to $60.07M, Adelington Design Group -40.5% to $11.76M.
    • Gross profit rate -380 bps to 57.8%.
    • Adjusted operating margin rate declined 179 bps to 13.32%.
    • SG&A expenses +33% to $18.77M.
    • FY2015 Guidance: Net sales: $1.2B to $1.275B; Adjusted EBITDA: $185M to $200M; DTC comparable sales growth: high single digits; D&A: $50M to $55M; Capex: ~$75M; Interest expense: $18M to $22M; Normalized tax rate: 38% to 40%; Basic share count: ~128M; New store openings: 50 to 55.
    • KATE +1.98% premarket
    | Tue, Mar. 3, 8:36 AM | Comment!
  • Mon, Mar. 2, 3:24 PM
    • Shares of Kate Spade (KATE +1.7%) head into earnings day tomorrow with a head of steam.
    • Analysts expect the company to Q4 revenue of $389.7M and EPS of $0.27. The crowd as Estimize is at $391M and $0.26.
    • The earnings call will be key with execs likely to be questioned on the brand shifting strategies which were recently announced and the impact from the West Coast port slowdown.
    • Previously: Kate Spade +7.6% after brand repositioning and guidance update (Jan. 29 2015)
    | Mon, Mar. 2, 3:24 PM | Comment!
  • Thu, Jan. 29, 9:12 AM
    | Thu, Jan. 29, 9:12 AM | 2 Comments
KATE vs. ETF Alternatives
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.