|Day's Range||2.15 - 2.15|
Michael Kors and Tapestry brand Coach, having spent a few years trying to figure out their place in the fashion world, appear to be finding their footing again.
Handbag companies have had a great year, with Tapestry (TPR)—parent of Coach, and a Barron's pick—up more than 20% since the start of 2018, and Michael Kors Holdings (KORS)—a Credit Suisse favorite—is up some 7.5%. Cowen & Co.'s Oliver Chen argues that their run isn't over yet. Chen writes that healthier pricing trends, new product launches, and good inventory and distribution is behind the improvement in the handbag sector, which is seeing growth of 3% to 4%.
Major stock indexes ended slightly lower Monday as attention stayed on Apple. The 10-year Treasury yield approached 3%.
Analysts are seeing good things ahead for Under Armour and Michael Kors, while withholding their usual enthusiasm for Lululemon.
Stock market sector rotation has been notable. Many retailers, including Kohl's, Michael Kors, At Home, Urban Outfitters and Tailored Brands, are shining as top tech stocks struggle.
Zacks.com highlights: Michael Kors Holdings, Ligand Pharmaceuticals, Tivity Health, NV5 Global and Louisiana-Pacific
Michael Kors Holdings Limited , a global fashion luxury group, is pleased to announce that the Michael Kors brand will be entering into the world of golf through a sponsorship of South African professional golfer and Masters champion Charl Schwartzel.
Assessing Michael Kors Holdings Limited’s (NYSE:KORS) past track record of performance is a useful exercise for investors. It allows us to understand whether the company has met or exceed expectations,Read More...
PVH Corp. (PVH) posts solid fourth-quarter fiscal 2017 results, driven by strong momentum at its Calvin Klein and Tommy Hilfiger brands. Also, it issues an upbeat guidance for fiscal 2018.
Michael Kors (KORS) has been constantly deploying resources to expand product offerings, opening new stores, building shop-in-shops and upgrading e-commerce platform.
Short interest is extremely low for KORS with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting KORS. Over the last one-month, outflows of investor capital in ETFs holding KORS totaled $3.24 billion.
NEW YORK, March 26, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
Tapestry Inc. said Friday it named Anna Bakst as Kate Spade's chief executive officer and brand president. The lifestyle company, which brands also includes Coach and Stuart Weitzman, said Bakst ...