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Kate Spade Spikes 17% Amid M&A Speculation
Wednesday, December 28, 2016 - 2:15pm | 348Shares of Kate Spade & Co (NYSE: KATE), a designer and marketer of high-end accessories and apparel, soared more than 17 percent early Wednesday afternoon amid M&A speculation. The Wall Street Journal reported that Kate Spade is exploring a sale of itself due to pressure from Caerus...
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Retailers Are Awfully Weak This Morning
Wednesday, August 3, 2016 - 9:45am | 394Another earnings season, another poor performance for retailers. Shares of Kate Spade & Co (NYSE: KATE) were trading lower by nearly 20 percent after the company reported a top and bottom line earnings beat in its second quarter print but slashed its full year fiscal 2016 earnings per share...
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Kate Spade Gains 2% On Inline Earnings Print, Sales Fall Short Of Expectations
Tuesday, March 1, 2016 - 9:51am | 297Shares of Kate Spade & Co (NYSE: KATE) were trading higher by around 2 percent after the company reported its fourth-quarter results. Kate Spade said that it earned $0.32 per share in the fourth quarter on revenue of $429 million. Wall Street analysts were expecting the company to earn $0.32...
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Barron's Recap: Disney's Next Act
Sunday, May 31, 2015 - 11:18am | 906This weekend in Barron's online: the outlook for Disney, an excerpt from "The Great Minds of Investing," how the S&P 500 could hit 4,300, as well as the prospects for UPS, Nucor, Ingredion, Dorman Products and more. Cover Story "Disney's New World" by Jack...
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How The Entry Of Traditional Watch Makers Into Smartwatches Will Impact The Category And Apple
Monday, March 23, 2015 - 2:51pm | 375It was recently reported that Tag Heuer and Fossil Group Inc (NASDAQ: FOSL) are working toward launching their own Android-based smartwatch. Oliver Chen, analyst at Cowen Group, was on CNBC Monday to discuss how entry of traditional watch makers into smartwatch space will impact the category and...
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UPDATE: Bank Of America Upgrades Kate Spade
Monday, November 24, 2014 - 9:21am | 222Heather Balsky of Bank of America upgraded shares of Kate Spade & Co (NYSE: KATE) to Buy from Neutral on Monday with a price target raised to $34 from a previous $33. “Based on our handbag survey results, we think Kate Spade can offset fewer markdown sales with greater full price sell-through,...
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Dow, S&P 500 Close Yet Again At Record Highs Ahead Of Friday's Employment Report
Thursday, November 6, 2014 - 6:00pm | 711U.S. stocks rose as the Dow and S&P 500 closed yet again at new record highs. Helping the bull charge includes positive economic reports including the number of Americans filling for jobless benefits falling from a week ago. Also, reassurances from the European Central Bank were conveyed...
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Wunderlich Securities Reiterates On Kate Spade Ahead Of Earnings
Monday, November 3, 2014 - 12:27pm | 221Eric Beder of Wunderlich Securities on Monday reiterated a Buy rating on Kate Spade & Co (NYSE: KATE) with a $36 price target ahead of the company's third quarter results due on Thursday. “We believe the last quarter has seen a material decline in investor sentiment for one of the...
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Markets Rally On Better Than Expected GDP; Dow Has Best Close In More Than A Month
Thursday, October 30, 2014 - 5:09pm | 1851U.S. stocks rose on Thursday after government data showed the U.S. economy grew 3.5 percent in the third quarter, better than the 3.0 percent expected. Investors brushed off a poor reading on the number of Americans filing for jobless benefits, which rose last week in favor of GDP data; this...
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Markets Higher In Another Quiet Session Ahead Of Expiration Of Ceasefire Between Israel And Hamas
Wednesday, August 13, 2014 - 4:43pm | 2982U.S. stocks rose for the third time in four days bringing the Dow back into positive territory for the year. Investors appeared to brush up poor retail sales from Macy's while focusing on business inventories that rose in June. On the international front, Ukraine said it would not allow...
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Stocks Rebound From 2 Day Drop As The Fed Confirms The End Of QE Is Near
Wednesday, July 9, 2014 - 4:40pm | 2399U.S. stocks rose following the FOMC minutes which stated that the Fed is on track for a final month of tapering in October. The Fed plans to slash $15 billion from its monthly asset purchasing program at that time. “Some committee members had been asked by members of the public whether...
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Market Wrap For May 15: Bears Return In Full-Force As Dow Suffers Triple-Digit Point Loss
Thursday, May 15, 2014 - 4:41pm | 2809U.S. stocks declined for the second straight day after investors and traders digested disappointing earnings from retailers and economic reports were disappointing. The Dow suffered a triple-digit point loss and declined one percent after the retailer giant Wal-Mart failed to "wow" investors....
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Market Wrap For May 14: Dow's Winning Streak Ends At Five Sessions
Wednesday, May 14, 2014 - 4:47pm | 2536U.S. stocks declined a day after the S&P 500 and Dow indices traded at record-high levels. Investors and traders were likely paying attention to the ten-year Treasury yield which hit 2.5258, the lowest level since late October. The bull market has paused, temporarily at least, until...
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Kate Spade Reports Higher Sales In First Quarter Results
Wednesday, May 14, 2014 - 11:18am | 352Kate Spade (NYSE: KATE) reported mixed first quarter results on Wednesday morning. The fashion brand known for its colorful designer handbags, clothing and accessories saw its revenue grow 33.6 percent year-over-year to $328 million, topping the consensus estimate by $126.72 million. Kate Spade...