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Luxury Group Michael Kors (KORS) will now be known as Capri Holdings Limited. Effective January 2, 2019, it will trade on the New York Stock Exchange under the new ticker CPRI. The company missed revenue guidance for the second quarter of fiscal 2019, which brought the stock down 14.6% on November 7.
said Monday it was changing its name to Capri Holdings Limited and will begin trading under the ticker symbol "CPRI" on Wednesday, Jan. 2. The announcement came after the company said it completed its acquisition of fellow luxury brand Versace for about $2.12 billion. "With the acquisition of Versace, we have now created one of the leading global fashion luxury groups in the world," said Chairman and CEO John D. Idol.
Looking at Michael Kors Holdings Limited's (NYSE:KORS) earnings update in September 2018, it seems that analyst forecasts are fairly optimistic, with earnings expected to grow by 26% in the upcoming Read More...
Tapestry Inc (NYSE: TPR ) shares are down 34 percent since mid-August versus 7 percent decline in the S&P 500. This has resulted in an attractive valuation, given the company’s momentum and visible catalysts, ...
NEW YORK, NY / ACCESSWIRE / December 12, 2018 / U.S. equities finished lower on Tuesday after bouncing between the red and green territory. The stocks gained more than 1% across the board on improving ...
Stitch Fix said its active clients grew 22 percent during the quarter to 2.9 million. The personal styling service said it benefited during the quarter from adding new brands like Michael Kors, Bonobos, Converse and Madewell for shoppers to choose from.
Most stocks reacted poorly to Friday's jobs report. Michael Kors was one of the harder hit, but despite being marked down, it may not be a bargain yet.
As of December 3, of the 15 analysts covering Hanesbrands (HBI) stock, 40% recommend a “buy” and the remaining 60% have given HBI a “hold” rating. In the past 15 days, there has been one price target change for HBI. On December 1, Citigroup raised its price target to $18.00 from $17.00.
Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Michael Kors Holdings Limited (NYSE:KORS), with a market cap of US$6.6b, often Read More...
Tiffany earnings narrowly topped third-quarter views Wednesdsay, but revenue and same-store sales came in light for the high-end jeweler.
In the past 15 days, there has been no price target action for VFC stock. Wall Street analysts’ 12-month average target price for VFC stock is $98.52, which implies a 24.8% upside to the stock’s price on November 23.
Shoppers across the United States snapped up deep discounts on toys, clothing and electronics both online and at stores on Black Friday, giving retailers a strong start to their make-or-break holiday season. “The prices today are very good,” said Jose Manuel Cruz Hernandez, 59, who hit the Del Amo Fashion Center in Torrance, California, with his sister Paulina Cruz, 66, who comes every year from Mexico City to shop. Cruz Hernandez, a foreman at an aerospace firm, said he was comfortable with the U.S. economy and his own finances and plans to spend another $1,000 on holiday gifts - about the same as last year.