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TPR

Tapestry

$51.95

-1.02 (-1.93%)

, KORS

Michael Kors

$62.10

-1.16 (-1.83%)

06:46
03/23/18
03/23
06:46
03/23/18
06:46

Tapestry names Anna Bakst as CEO & Brand President, Kate Spade

Tapestry (TPR) announced the appointment of Anna Bakst as CEO and Brand President of Kate Spade. She is expected to join the company on March 26 and will succeed Craig Leavitt, who in the wake of the Tapestry acquisition, made the decision to exit the brand in 2017. In this role, Bakst will be responsible for all aspects of Kate Spade globally and will report to Victor Luis, Tapestry's CEO, who has been leading the brand in an interim capacity since Leavitt's departure. Bakst has over 25 years of experience managing and cultivating businesses for global fashion houses, most recently at Michael Kors (KORS) where, until January 2017, she held the role of Group President of Accessories and Footwear.

TPR

Tapestry

$51.95

-1.02 (-1.93%)

KORS

Michael Kors

$62.10

-1.16 (-1.83%)

  • 16

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    May

TPR Tapestry
$51.95

-1.02 (-1.93%)

02/07/18
BMOC
02/07/18
NO CHANGE
Target $46
BMOC
Market Perform
Tapestry price target raised to $46 from $42 at BMO Capital
BMO Capital analyst John Morris raised his price target on Tapestry to $46 after Q4 earnings, noting the EPS and gross margin beat helped by the margin strength at Coach. Morris adds that the company continues to focus on reducing promotional activity in its Kate Spade segment after its comps fell 7%, keeping his Market Perform rating on Tapestry.
03/08/18
LOOP
03/08/18
INITIATION
Target $57
LOOP
Buy
Tapestry initiated with a Buy at Loop Capital
Loop Capital analyst Laura Champine initiated Tapestry with a Buy rating and a price target of $57. The analyst sees the company's integration of Kate Spade as a notable catalyst, as cost structures are rationalized and Kate's contracts with suppliers expire. Champine is also positive on Tapestry's operations internationally along with its 5% free cash flow and 2% dividend yield.
03/15/18
OPCO
03/15/18
NO CHANGE
Target $60
OPCO
Outperform
Tapestry price target raised to $60 from $55 at Oppenheimer
Oppenheimer analyst Anna Andreeva raised her price target for Tapestry to $60 from $55, citing double-digit EPS and global portfolio in improving category. The analyst reiterates an Outperform rating on the shares.
03/22/18
PIPR
03/22/18
NO CHANGE
Target $60
PIPR
Overweight
Tapestry price target raised to $60 from $54 at Piper Jaffray
Piper Jaffray analyst Erinn Murphy raised her price target for Tapestry to $60 citing "constructive" checks in Asia last week. The modern luxury positioning of the Coach brand is not only creating an opportunity to fuel growth in lifestyle categories, but has also helped elevate the brand in the minds of the Chinese consumer more akin to the luxury brands in the market, Murphy tells investors in a research note. She says jeweled and "blinged out" sneakers, fur/shearling and logo are "big trends" across the luxury brand. The analyst keeps an Overweight rating on Tapestry shares.
KORS Michael Kors
$62.10

-1.16 (-1.83%)

02/08/18
BMOC
02/08/18
NO CHANGE
Target $65
BMOC
Market Perform
Michael Kors price target raised to $65 from $55 at BMO Capital
BMO Capital analyst John Morris raised his price target on Michael Kors to $65 and kept his Market Perform rating. Morris says the company has a habit of "beating lower expectations" and deems its Q4 EPS view as conservative. While the majority of the Q3 earnings beat was on lower SG&A expense, the analyst says he is positive on the company's execution of full price selling strategy as evidenced in its 100bp margin expansion.
02/09/18
JPMS
02/09/18
INITIATION
Target $62
JPMS
Neutral
Michael Kors reinstated with a Neutral at JPMorgan
JPMorgan analyst Matthew Boss reinstated Michael Kors with a Neutral rating and $62 price target.
02/13/18
OPCO
02/13/18
NO CHANGE
Target $90
OPCO
Outperform
Michael Kors selloff not warranted, says Oppenheimer
Oppenheimer analyst Anna Andreeva notes that since reporting a "stellar" Q3, Michael Kors is down 8%, with concerns including timeline for positive comps/growth in Wholesale, reinvestment of tax savings into the business, and given it postponed a 10-Q filing. However, the analyst believes the selloff is not warranted and reiterates an Outperform rating and $90 price target on the shares as estimates seem poised for upside.
03/12/18
FBCO
03/12/18
INITIATION
Target $75
FBCO
Outperform
Michael Kors initiated with an Outperform at Credit Suisse
Credit Suisse initiated Michael Kors with an Outperform and $75 price target.

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ADUS

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LABL

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WUBA

58.com

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19:08
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Earnings
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Triumph Group

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HXL

Hexcel

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ERJ

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CW

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$130.92

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LLL

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General Dynamics

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BDRBF

Bombardier

$0.00

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Heico

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HRS

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NOC

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UTX

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$131.75

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B

Barnes Group

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SPR

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Raytheon

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