Coach Inc
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Despite a recent jump in Coach's share price on signs of stabilization, Goldman Sachs issued a research note saying that the retailer's turnaround may be just midway through.
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CNBC’s Analytics team looked at the stocks that have average consensus estimates farthest above their current stock prices. Here's what they found.
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NEW YORK, Feb 19- Fashion designer Michael Kors is planning to sell a big chunk of his stake in his namesake fashion house at a time when the company's shares are at an all-time high. The filing came after Kors shares reached a new high, closing at $64.84 on the New York Stock Exchange on Tuesday.
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NEW YORK, Feb 19- Fashion designer Michael Kors is planning to sell a big chunk of his stake in his namesake fashion house at a time when the company's shares are at an all-time high. The filing came after Kors shares reached a new high, closing at $64.84 on the New York Stock Exchange on Tuesday.
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CNBC's Jim Cramer sees an important divergence between high end retailers and the rest of the sector.
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HONG KONG, Feb 15- Hong Kong shares could start a holiday-interrupted week slightly lower on Friday as euro zone growth data showed a deeper-than-expected recession and as investors remain cautious ahead of a G20 meeting this weekend. The China Enterprises Index of the top Chinese listings in Hong Kong gained 1.5 percent.
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Coach's longtime Chief Executive Lew Frankfort will step down in January 2014 and be replaced by the executive who oversaw the upscale leather-goods maker's successful expansion in Asia.
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Feb 14- Coach Inc on Thursday said longtime Chief Executive Lew Frankfort will step down in January 2014 and be replaced by the executive who oversaw the upscale leather-goods maker's successful expansion in Asia. Wall Street analysts expect the 72- year-old company to have sales of $5.1 billion for the fiscal year ending in June.
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Feb 14- Coach Inc on Thursday said longtime Chief Executive Lew Frankfort will step down in January 2014 and be replaced by the executive who oversaw the upscale leather-goods maker's expansion in Asia.
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Feb 14- Coach Inc on Thursday said longtime Chief Executive Lew Frankfort will step down in January 2014 and be replaced by Victor Luis who has been appointed as the leather-goods maker's operations chief until then.
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Feb 12- Fashion company Michael Kors Holdings Ltd raised its full-year forecast after strong sales of its luxury items such as handbags and watches over the holiday period helped to win market share from rival Coach Inc, sending its shares to a record high. The stock has more than tripled since Michael Kors went public in December 2011.
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Feb 12- Fashion company Michael Kors Holdings Ltd raised its full-year forecast after handily beating Wall Street estimates for its third-quarter results with the help of strong sales of luxury items in North America and Europe during the holidays.
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After handily beating earnings one top analyst thinks Michael Kors shares are worth a look from investors and could be going higher.
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Erwan Rambourg, Head of Consumer and Retail at HSBC tells CNBC's Cash Flow which luxury brands he likes in China.
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The company announced their latest plan for reviving sales but this pro says his money will be on the sidelines.
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Frankfort told CNBC that shareholders are more fickle than shoppers and the company has a lot of plans for growth. They expect 50-percent growth in the men's brand and a huge push in mobile.
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Stocks finished higher Wednesday, with the S&P 500 within striking distance of the 1,500 level and the Dow Jones closing at its best level in five years, lifted by a batch of stronger-than-expected earnings.
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*Google, IBM climb on strong results. NEW YORK, Jan 23- The S&P 500 rose for a sixth day on Wednesday after stronger-than-expected profits from IBM and Google but the rally could be halted as Apple's after-hours miss send its shares lower.
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*Google, IBM climb on strong results. NEW YORK, Jan 23- The S&P 500 extended its winning streak to six days on Wednesday after stronger-than-expected profits from IBM and Google alleviated investor concerns about the technology sector.
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Shares of Coach are taking a hit after holiday revenue numbers for Q2 fell short of forecasts. Coach CEO Lew Frankfort, offers insight behind the disappointing numbers.
