Mon, Nov. 23, 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%).
Fri, Nov. 20, 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.
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Tue, Nov. 3, 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.
Tue, Oct. 27, 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)
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.
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.
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, 9:19 AM
- Gainers: FNJN +60%. BIOC +13%. FSLR +11%. KATE +9%. Z +9%. HRB +8%. OAS +8%. TSEM +8%. PCLN +7%. SLTD +7%. MSI +6%. ATVI +6%. SUPN +6%. LC +6%. CTSH +6%. BBL +6%. SDRL +5%.
- Losers: SALE -33%. OHGI -28%. LL -24%. BOOT -23%. ETSY -20%. TRMB -13%. GLUU -10%. RSO -10%. DIS -9%. NYMT -7%. MEMP -7%. GNW -7%. PWR -7%. CERN -6%. PZZA -6%.
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.
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. 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.
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
Thu, May 7, 8:27 AM
- Kate Spade (NYSE:KATE) reports direct-to-consumer comparable sales were up 9% in Q1.
- International sales +18% to $47M.
- Gross profit rate -60 bps to 60.6%.
- Operating loss rate -250 bps to -14.5%.
- SG&A expense rate +190 bps to 73.2%.
- The company ended the quarter with inventory of $182.50M and average retail square footage of 89K (+23% Y/Y).
- KATE -0.2% premarket.
- Previously: Kate Spade signs distribution deal for Latin America
- Previously: Kate Spade misses by $0.01, beats on revenue
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
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.
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