|Bid||63.45 x 1100|
|Ask||68.20 x 800|
|Day's Range||66.05 - 67.25|
|52 Week Range||33.35 - 70.00|
|PE Ratio (TTM)||17.42|
|Earnings Date||Aug 6, 2018 - Aug 10, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||72.92|
Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products. Retailers such as Walmart Inc and Amazon.com face uncertainty due to U.S. President Donald Trump's threat to impose more tariffs on Chinese goods, and the jump in imports from the country was likely because of "pre-emptive buying in anticipation of the tariffs", said Ben Hackett, founder of international maritime consultancy Hackett Associates.
Despite rising global trade tensions over the recent months, the Street's earnings estimates have inched higher, suggesting that business conditions remain strong, particularly for domestic-facing companies. In the three-month period ended June, earnings estimates for S&P 500 companies rose 0.8%, according to data from FactSet and as reported by Barron's. While a modest gain, the jump is significant as it counters the historical trend over the past decade in which analysts have marked down their quarterly estimates by an average of 5% from a period's start to end.
Goldman Sachs views Restoration Hardware Holdings Inc. ( RH), Williams-Sonoma Inc. ( WSM), Michael Kors Holdings Ltd. ( KORS) and Tapestry Inc. ( TPR) as among the firms that will take a hit if the White House approves a new list of tariffs on $200 billion in imports, given they are set to negatively affect U.S. companies that manufacturer a large portion of their goods in China. As manufacturers in the affected industries face higher input costs, they will transfer this on to consumers via an increase in prices, or see their profitability fall, wrote Goldman Sachs analyst Matthew Fassler in a note Wednesday.
Michael Kors (KORS) expands product mix beyond handbags, into men's, footwear and women's ready to wear. Wholesale segment continues to lack luster.
The consumer discretionary sector of stocks is up by roughly 13% for the year-to-date and one of the best-performing groups of stocks in the S&P 500 in this period. Shares of Michael Kors (NYSE:KORS), although higher for the year, are lagging this movement and, through the lens of technical analysis, still showing plenty of giddiness for a breakout to the upside. Before looking at the charts, allow me to offer the counter-argument to a bullish trade setup in KORS stock.
LONDON, UK / ACCESSWIRE / July 12, 2018 / If you want a free Stock Review on UAA sign up now at www.wallstequities.com/registration. In today’s pre-market research, WallStEquities.com scans Lululemon Athletica Inc. (NASDAQ: LULU), Michael Kors Holdings Ltd (NYSE: KORS), Under Armour Inc. (NYSE: UAA), and PVH Corp. (NYSE: PVH). Textile Apparel Clothing companies engage in the design, development, and production of apparel and accessories.
The latest round of proposed tariffs on Chinese imports will hit U.S. consumer goods, including furniture, handbags and other products, according to a note from Goldman Sachs.
Shares of Snap Inc. (snap) are down 1.8% in Tuesday trading after Facebook Inc. (fb) announced that it had started to launch augmented-reality ads in the core Facebook news feed. The ads are currently in a test phase, and Michael Kors Holdings Ltd. (kors) is the first brand to try them out through a feature that lets users virtually try on sunglasses and then buy them. Snap shares have fallen 21% over the past 12 months, while Facebook shares have gained 33% and the S&P 500 (spx) has climbed 15%.
With a valuation that is "too low to ignore," Michael Kors stock has caught the eye of HSBC analysts, who initiated the apparel and purse maker with a buy rating and an 88 price target.
A top competitor to Tapestry (TPR) offers investors both the prospect of profit growth and an appealing share price. That’s the take of Barron’s Jack Hough, who took a look at Michael Kors Holdings (KORS) ...
U.S. earnings estimates have been inching higher in recent months—a welcome sign for investors. The effect of tax cuts has been baked into forecasts since early this year, so if profit expectations are still drifting higher, it probably reflects healthy business conditions. During the three months through June, earnings estimates for companies in the S&P 500 index rose 0.8%, according to FactSet.
Michael Kors (KORS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
LONDON, UK / ACCESSWIRE / June 28, 2018 / If you want access to our free earnings report on Lululemon Athletica Inc. (NASDAQ: LULU) ("Lululemon"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=LULU. The Company reported its first quarter fiscal 2018 operating and financial results on May 31, 2018. The athletic apparel Company outperformed top- and bottom-line expectations.
Retail stocks have been on fire this month. All the trade war drama has done little to dampen their enthusiasm. With the S&P Retail ETF (NYSEARCA:XRT) a stone’s throw away from all-time highs, I took a stroll through the sector last night and discovered many mouth-watering charts. One of the best was Michael Kors (NYSE:KORS).
Under Armour (UAA) was the worst-performing S&P 500 apparel stock in 2017. It plunged a massive 50% during the year. Some other apparel players had stellar performances that year. PVH (PVH), Gap (GPS), and Michael Kors (KORS) surged 52%, 52%, and 46%, respectively. Sportswear competitors Nike (NKE), Columbia Sportswear (COLM), and Lululemon Athletic (LULU) rose more than 20% that same year.
Fossil's (FOSL) stock appears promising, courtesy of its strong wearable business, e-commerce expansion strategy and New World Fossil program.
Jefferies analyst Randal Konik was out with a note in which he downplayed the Street's Amazon fears, recommending that investors go long on shares of Foot Locker Inc. ( FL), Gap Inc. ( GPS), Michael Kors Holdings Ltd. ( KORS) and Kohl's Corp. ( KSS).
The Rock’s Project Rock 1 shoes from Under Armour Inc. (UA)(UAA) were released on May 28 in limited quantities through the company’s website and in Brand Houses across the country, and sold out in 30 minutes. “We like to think of Dwayne as our motivator of the masses,” said Adrienne Lofton, senior vice president of global brand management at Under Armour. More recently, analysts expressed concern about high inventory levels after first-quarter earnings were announced, with fears that it could put margin pressure on Under Armour and hamper growth.
Michael Kors Holdings Limited , a global fashion luxury group, today announced that the company will be presenting at the Deutsche Bank dbAccess Global Consumer Conference in Paris, on Tuesday, June 12, 2018, at 11:15 AM CEST.
DKNY parent G-III Apparel, which licenses many top fashion brands, reported a surprise first-quarter profit, sending the stock soaring early Tuesday.
Investors were pleased with PVH’s (PVH) first-quarter results, reported after the market closed on May 30. Its stock price surged ~3% on May 31. Guess (GES) and Michael Kors (KORS), which also reported their quarterly earnings on May 30, saw their stock fall 11% and 19%, respectively. Interestingly, both companies beat top- and bottom-line expectations.
Erwan Rambourgm HSBC Securities global co-head of consumer and retail research, shares his upside take on Michael Kors Holdings.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after the Trump administration released details on the latest round of China tariffs, to which China has responded in kind. In other news, the June Empire State Manufacturing Survey beat Wall Street expectations on nearly every front.