Michael Kors Holdings
 (KORS)

- NYSE
What's your position on ?
Bullish
Bearish
Why are you ish?
Skip
Post
You voted ish on Vote again
Posts appear on the My Feed page of subscribers to this ticker
Last vote:
  • Tue, Feb. 2, 12:47 PM
    | Tue, Feb. 2, 12:47 PM | 14 Comments
  • Tue, Feb. 2, 10:21 AM
    | Tue, Feb. 2, 10:21 AM
  • Tue, Feb. 2, 9:17 AM
    | Tue, Feb. 2, 9:17 AM | 5 Comments
  • Tue, Feb. 2, 7:28 AM
    • Michael Kors (NYSE:KORS) jets higher in early trading after FQ3 earnings top expectations.
    • Total revenue was up 9.9% on a constant currency basis during the quarter and comparable-store sales were up 2%.
    • The company's gross margin rate fell 140 bps to 59.5%,due chiefly to F/X swings.
    • Guidance: Michael Kors expects Q4 revenue of $1.13B to $1.15B and EPS of $0.93 to $0.97 vs. $1.00 consensus. The full-year outlook is for sales of $4.65B and EPS of $4.38 to $4.42 vs. $4.33 consensus.
    • Previously: Michael Kors Holdings beats by $0.13, beats on revenue (Feb. 2)
    • KORS +13.5% premarket to $45.89.
    | Tue, Feb. 2, 7:28 AM | 9 Comments
  • Tue, Feb. 2, 7:09 AM
    • Michael Kors Holdings (NYSE:KORS): FQ3 EPS of $1.59 beats by $0.13.
    • Revenue of $1.4B (+6.9% Y/Y) beats by $40M.
    • Shares +9.02% PM.
    • Press Release
    | Tue, Feb. 2, 7:09 AM | 9 Comments
  • 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
  • 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. 13, 2015, 1:09 PM
    • Retailers are under pressure after the Census Bureau reported October retail sales rose 0.1% M/M, and core retail sales 0.2%. Consensus was respectively 0.3% and 0.4%.
    • Also: J.C. Penney is down 13.6% in spite of posting a Q3 beat and reiterating its full-year same-store growth guidance, and Nordstrom is down 15.4% after missing FQ3 estimates and cutting its FY16 guidance.
    • In addition to Target, TJX, Macy's, and Kohl's (previously covered), notable decliners include Ross (ROST -5.7%), Skechers (SKX -3.9%), Michael Kors (KORS -4.8%), Deckers (DECK -4.2%), Gap (GPS -4.1%), Ascena Retail (ASNA -4.6%), American Eagle (AEO -4.5%), Urban Outfitters (URBN -4.8%), Stein Mart (SMRT -5.4%), Citi Trends (CTRN -4.4%), Guess (GES -5.9%), Abercrombie & Fitch (ANF -5.7%), Chico's FAS (CHS -4.3%), and New York & Company (NWY -6%).
    • Retail stocks were also under pressure on Wednesday after Macy's cut its 2015 guidance.
    • ETFs: IYK, PEJ, IYC, SCC, UGE, SZK, XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR
    | Nov. 13, 2015, 1:09 PM | 19 Comments
  • Nov. 4, 2015, 7:08 AM
    • Michael Kors (NYSE:KORS) announces revenue rose 12% on a constant currency basis in FQ2.
    • Retail net sales in The Americas segment increased 3.7% Y/Y to $384.86M.
    • The company's gross profit rate fell 220 bps 58.8% due largely to foreign exchange swings during the quarter.
    • Company-operated store count +116 Y/Y to 589 retail stores. 215 licensed stores are in operation.
    • Guidance: MK expects FQ3 revenue of $1.33B to $1.35B and EPS of $1.44 to $1.48 vs $1.53 consensus. Full-year revenue of $4.60B to $4.65B seen.
    • Previously: Michael Kors Holdings beats by $0.12, beats on revenue (Nov. 04 2015)
    • KORS +9.0% premarket to $42.86.
    | Nov. 4, 2015, 7:08 AM | 13 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
  • Oct. 21, 2015, 4:51 PM
    • David Einhorn's Greenlight Capital has taken a position in luxury apparel retailer Michael Kors (NYSE:KORS).
    • Kors has risen to $40.40 in after hours trading. Einhorn's disclosure comes with shares far below a 52-week high of $79.70.
    | Oct. 21, 2015, 4:51 PM | 8 Comments
  • Oct. 8, 2015, 10:20 AM
    • The apparel sector is out-gaining market averages as sentiment swings positive. There's been some analysis suggesting that apparel sellers will benefit from the Trans-Pacific Partnership on the cost side. Lower cotton and oil prices are also working in the favor of apparel companies, although hedging against the strong U.S. dollar is an ongoing risk.
    • On the manufacturing side: G-III Apparel (NASDAQ:GIII) +2.6%, Columbia Sportswear (NASDAQ:COLM) +2.1%, Michael Kors (NYSE:KORS) +1.8%, PVH Corp. (NYSE:PVH) +1.6%, Ralph Lauren (NYSE:RL) +1.4%.
    • On the chain store side: Cato (NYSE:CATO) +5.1%, Ascena Retail (NASDAQ:ASNA) +3.4%, American Eagle Outfitters (NYSE:AEO) +3.4%, Abercrombie & Fitch (NYSE:ANF) +3.1%, Francesca's Holdings (NASDAQ:FRAN) +2.6%, L Brands (NYSE:LB) +2.1%.
    | Oct. 8, 2015, 10:20 AM | 1 Comment
  • Oct. 7, 2015, 2:48 PM
    • Michael Kors (KORS -2.1%) and J.C. Penney (JCP -4.4%) both trade lower after the two stocks ended up on the bottom of Citigroup's list of favorites in the specialty retail and department store sectors.
    • Michael Kors was initiated with a Sell rating and $38 price target (~11% downside).
    • Citi coverage on J.C. Penney started off with a Sell rating and $7 price target (~25% downside).
    | Oct. 7, 2015, 2:48 PM | 15 Comments
  • Aug. 27, 2015, 10:37 AM
    • Retail all-stars are firing back up the momentum engine as sentiment improves on global and U.S. growth.
    • Michael Kors (KORS +4.5%), Lululemon (LULU +4.1%), and Under Armour (UA +4%) are all well in front of market averages. The trio has shown above-average volatility over the last two weeks as concerns on consumer spending trends in the U.S. and demand in Asia have cropped up.
    | Aug. 27, 2015, 10:37 AM | 1 Comment
  • Aug. 11, 2015, 10:00 AM
    • The currency devaluation fired off in China is hitting select consumer goods and services stocks.
    • China Southern Airlines (ZNH -18.2%) and China Eastern Airlines (CEA -17.4%) are feeling the sharpest impact.
    • Macau gaming stocks trade weaker with Melco Crown (MPEL -2.7%), Las Vegas Sands (LVS -2%), Wynn Resorts (WYNN -3.1%), and MGM Resorts (MGM -0.8%) all lower.
    • Luxury retailers are also feeling a pinch due to the F/X headache. Decliners include Tiffany (TIF -2.1%), Ralph Lauren (RL -1.3%), Gucci (OTC:PPRUF, OTCPK:PPRUY), Prada (OTCPK:PRDSF), Hermes (OTCPK:HESAF), Fossil (FOSL -1.5%), Michael Kors (KORS -0.6%), Coach (COH -1.7%), Movado (MOV -1.8%), Kering (OTC:PPRUF), Burberry (OTCPK:BURBY), and Swatch (OTCPK:SWGAY -5.4%).
    | Aug. 11, 2015, 10:00 AM | 2 Comments
  • Aug. 6, 2015, 9:15 AM
    | Aug. 6, 2015, 9:15 AM | 9 Comments
Company Description
Michael Kors Holdings Ltd is a designer, marketer, distributor and retailer of women's apparel and accessories and men's apparel. The Company's business consists of retail, wholesale and licensing segments.
Sector: Services
Industry: Apparel Stores
Country: Hong Kong