Michael Kors Holdings (KORS), reported earnings yesterday. Here are some highlights:
- KORS earnings 91 cents per share on revenue of $919.2 million, far exceeding analyst consensus expectations of 81 cents per share and $851.66 million, respectively.
- Total revenues were up 43.4%, and same-store sales jumped by fully 24.2%.
- Gross margins increased slightly from 62% to 62.2%.
- KORS continued to poach market share from aspirational rival?Coach?(COH).
(source)
Yet, despite exceeding analyst expectations by more than 10%, the stock traded down 5.89% on Monday, hitting $77.01. The stock had a?trading?volume of 21,697,440 shares. Michael Kors Holdings has a 52 week low of $67.65 and a 52 week high of $101.04. The stock?s 50-day moving average is $86.63 and its 200-day moving average is $90.72. The company has a market cap of $15.682 billion and a price-to-earnings ratio of 25.41. (source)
So far today (Tuesday, August 05, 2014) the biggest trades are going out to January 2015. Specifically, the Jan 17 ?15 55 put traded 200x for 0.50 (the market at the time was 0.40 x 0.50), at the same time, the market on the Jan 17 ?15 70 puts was swept at 2.95 (the market was 2.80 x 2.95).
Here?s a snapshot of the last six months:
(Courtesy of LiveVol Pro)