Great earnings announcement and guidance and yet, the stock trades currently at $75.50 with more price targets well in excess of $100. Today’s decline is driven by increased markdowns and worries about this digging into margins for future qtrs. Anyone follow this company?
I’ve followed this a little and have made some money from COH last year. Anways it’s obvious that KORS is taking market share from COH, aside from the slightly different product segmentation breakdown. This is the first time in about 10 earnings announcements that the market has reacted adversely. Anyways- with a P/S >4 this thing is priced to perfection. Retail historically hasn’t been a great sector to be a LT investor in.
But to your question - no, i do not know the company well enough to speak to their future.
I am out (78.10), my ITM options treated very well this trade. I would like to hold it longer but as of now I can’t see being long any company in today’s market.