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TPR

Tapestry

$47.42

-0.52 (-1.08%)

06:56
08/14/18
08/14
06:56
08/14/18
06:56

Tapestry sees FY19 operating income growth rate exceeding revenue growth rate

The company is projecting the operating income growth rate to exceed the revenue growth rate, reflecting the organic growth of the business, the realization of incremental synergies from the Kate Spade acquisition as well as the impact of distributor consolidations and buybacks and systems investments. As previously announced, the company expects that cost savings resulting from synergies related to the Kate Spade acquisition will total $100M-$115M in FY19. Net interest expense is expected to be approximately $50M for the year.

  • 14

    Aug

  • 12

    Sep

TPR Tapestry
$47.42

-0.52 (-1.08%)

06/25/18
GSCO
06/25/18
INITIATION
GSCO
Buy
VF Corp. initiated with a Buy at Goldman Sachs
Goldman Sachs analyst Alexandra Walvis initiated VFC Corp (VFC) with a Buy rating, telling investors in a research note that VFC is an "under-appreciated growth asset," with brands with momentum like Vans and "credible" turnaround potential like Wrangler and The North Face, many of which have opportunities for channel shift enabled by digital. The analyst says she is "enthusiastic" about opportunities to deploy cash given VFC's strong balance sheet and expertise in integrating acquisitions. This morning, Walvis also initiated shares of Tapestry (TPR) with a Conviction Buy, Tiffany (TIF) with a Buy and PVH (PVH) with a Sell.
06/25/18
GSCO
06/25/18
INITIATION
GSCO
Sell
PVH Corp. initiated with a Sell at Goldman Sachs
Goldman Sachs analyst Alexandra Walvis initiated PVH Corp (PVH) with a Sell, telling investors in a research note that while the company has benefited from a strong acceleration in growth in Tommy Hilfiger and Calvin Klein, she believes momentum is peaking as a number of tailwinds fade. This morning, Walvis also initiated shares of Tapestry (TPR) with a Conviction Buy and Tiffany (TIF) and VFC (VFC) with a Buy.
07/09/18
WELS
07/09/18
NO CHANGE
Target $56
WELS
Outperform
Tapestry fundamental story intact, guidance likely near-term issue, says Wells Fargo
Wells Fargo analyst Ike Boruchow remains bullish on the Tapestry story and reiterates the name as one of his top idea as he has gained greater confidence in both the Kate Spade turnaround efforts, as well as the trajectory of Coach brand. That said, the analyst does see some headwinds to next full year that the Street does not appear to be modeling, leading him to cut his FY19 EPS as he believes guidance is likely a near-term issue. Boruchow reiterates an Outperform rating and $56 price target on the shares.
07/31/18
UBSW
07/31/18
NO CHANGE
Target $59
UBSW
Buy
Tapestry price target lowered to $59 from $62 at UBS
UBS analyst Jay Sole said one of the main tenets of his buy thesis on Tapestry was that a product shift mix will lead to more full price selling. He recent research has led him to begin to doubt that will occur so he lowered his estimates and price target to reflect it. Sole said he still sees a favorable risk/reward for Tapestry and reiterated his Buy rating while lowering his target to $59 from $62.

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KKR

KKR

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-0.13 (-0.46%)

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A

Agilent

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EQM

EQT Midstream Partners

$52.64

-2.16 (-3.94%)

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FPAY

FlexShopper

$1.16

-0.69 (-37.30%)

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IGC

IGC, Inc

$2.32

-0.22 (-8.66%)

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DAL

Delta Air Lines

$57.10

-0.33 (-0.57%)

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SPY

SPDR S&P 500 ETF Trust

$290.73

-0.36 (-0.12%)

, SPX

S&P 500

$0.00

(0.00%)

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SPDR S&P 500 ETF Trust

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SPX

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ARCE

Arco Platform

$0.00

(0.00%)

20:31
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Syndicate
Arco Platform 11.111M share IPO priced at $17.50 »

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KMX

CarMax

$75.87

-0.01 (-0.01%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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AINC

Ashford

$75.95

-11.75 (-13.40%)

20:23
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Syndicate
Ashford 270K share Secondary priced at $74.50 »

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ANAB

AnaptysBio

$94.68

-7.25 (-7.11%)

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Syndicate
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  • 26

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SF

Stifel Financial

$53.96

-0.08 (-0.15%)

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Stifel Financial and Everbright Sun Hung Kai establish strategic partnership »

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I

Intelsat

$27.08

4.365 (19.22%)

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Intelsat and Azercosmos announce successful satellite launch »

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SKY

Skyline

$30.88

0.66 (2.18%)

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Breaking Hot Stocks news story on Skyline »

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KBH

KB Home

$25.29

-0.24 (-0.94%)

, AIR

AAR Corp.

$46.03

1.04 (2.31%)

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$25.29

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AIR

AAR Corp.

$46.03

1.04 (2.31%)

VSTM

Verastem

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CGIX

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Vanda Pharmaceuticals

$20.70

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NLSN

Nielsen

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CYH

Community Health

$3.41

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AUPH

Aurinia Pharmaceuticals

$5.89

0.02 (0.34%)

GOOS

Canada Goose

$58.00

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ABBV

AbbVie

$93.78

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NKE

Nike

$84.79

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CTAS

Cintas

$212.99

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LULU

Lululemon

$158.42

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CONE

CyrusOne

$64.65

-0.6 (-0.92%)

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CBS

CBS

$56.54

-0.07 (-0.12%)

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ZUMZ

Zumiez

$27.00

-0.55 (-2.00%)

19:09
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Initiation
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ROST

Ross Stores

$97.54

0.26 (0.27%)

, TJX

TJX

$110.33

0.605 (0.55%)

19:03
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19:03
Initiation
Ross Stores, TJX initiated at DA Davidson »

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ROST

Ross Stores

$97.54

0.26 (0.27%)

TJX

TJX

$110.33

0.605 (0.55%)

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  • 25

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MNOV

MediciNova

$11.68

-0.17 (-1.43%)

19:01
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PVH

PVH Corp.

$140.00

-0.56 (-0.40%)

18:58
09/25/18
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18:58
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18:58
Initiation
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  • 02

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GOOS

Canada Goose

$58.00

-0.04 (-0.07%)

18:50
09/25/18
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18:50
Initiation
Canada Goose initiated at DA Davidson »

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PM

Philip Morris

$79.91

-0.55 (-0.68%)

18:47
09/25/18
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18:47
Periodicals
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URBN

Urban Outfitters

$40.06

-0.32 (-0.79%)

18:45
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18:45
Initiation
Urban Outfitters initiated at DA Davidson »

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