Apparel, Accessories & Luxury Goods

This is your Benzinga news summary and traders' summary for Thursday, November 17, 2011, covering headlines from Thursday's trading session. Today at market close, the Dow Jones Index traded down about 134.86 points or 1.13%, the S&P 500 traded 1.68% lower, the Nasdaq Composite Index traded...

Stifel Nicolaus upgrades Lululemon Athletica Inc. (NASDAQ: LULU) from Hold to Buy and reiterates its $64 PT, as the company is seen as well positioned to capitalize on global health and wellness concerns as well as tap into $40bn active apparel global market. Among others, Stifen Nicolaus notes...

Stifel Nicolaus has upgraded Lululemon Atheltica (NASDAQ: LULU) from Hold to buy and has established a $64 price target.

Armani Group, global leader in the fashion and luxury industry, and Luxottica Group S.p.A. (NYSE: LUX) today announced that a Letter of Intent has been signed which is preliminary to an exclusive license agreement for the design, manufacturing and global distribution of sun and prescription eyewear...

Auriga retains its Buy rating and $68 price target for Lululemon Athletica Inc. (NASDAQ: LULU) as the company added dance apparel in stores and on its website. Auriga comments, “While we do not believe dance specific merchandise has the same broad consumer appeal as running, we do expect the...

Polo Ralph Lauren (NYSE: RL) unveils its next round of earnings this Wednesday, November 9, 2011. Here's Benzinga's essential guide to Polo Ralph Lauren's second quarter earnings report. Earnings and Revenue: Wall Street expects an EPS of $2.24/share and revenues of $1.84 billion. Polo Ralph...

Apparel makers Liz Claiborne (NYSE: LIZ) and PVH (NYSE: PVH) reached new 52-week highs of $8.80 and $75.91 per share, respectively, in yesterday's trading session. Liz Claiborne announced yesterday that it had completed the sale of its namesake brand to JCPenney (NYSE: JCP). And on Tuesday, the...

Liz Claiborne, Inc. (NYSE: LIZ) today announced that it has completed the transaction to sell domestic and international trademark rights of its Liz Claiborne family of brands and domestic trademark rights of its Monet brand to J. C. Penney Company, Inc. (NYSE: JCP) Total cash proceeds of $288...

Coach (NYSE: COH) unveils its next round of earnings this Tuesday, October 25, 2011. Here is Benzinga's everything-that-matters guide for this Tuesday's first quarter earnings announcement. Earnings and Revenue: Analysts are predicting an EPS reading of 70 cents/share and revenues of $1.02...

The Board of Directors of Luxottica Group S.p.A. (NYSE: LUX) met today and approved the consolidated results for the three- and nine- month periods ended September 30, 2011 in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (IAS/...

A report from Citi reiterates its Buy rating and $31 price target on JC Penney (NYSE: JCP). In the report, Citi writes, “JCP announced that it has reached an asset purchase agreement with Liz Claiborne Inc. (LIZ) to acquire the worldwide rights for the Liz Claiborne family of brands as well as the...

J. C. Penney Company, Inc. (NYSE: JCP) today announced that it has reached an asset purchase agreement with Liz Claiborne Inc. (NYSE: LIZ). Under this agreement, the Company will acquire the worldwide rights for the Liz Claiborne family of brands as well as the U.S. and Puerto Rico rights for the...

Liz Claiborne, Inc. (NYSE: LIZ) today announced that it has entered into definitive agreements to sell its Liz Claiborne, Monet and Kensie brands, and has completed the sale of its Dana Buchman brand, for total cash proceeds of approximately $328 million, of which $308 million represents sale...

Auriga is out with its report today on Lululemon Athletica (NASDAQ: LULU), reiterating Buy. In its report, Auriga writes, "We believe LULU remains a unique growth story and expect upside is likely in 2011 given the strong product offering. In addition, our checks point to continued steady traffic...

Shares of Liz Claiborne (NYSE: LIZ) are lower on the session by 3.70%, currently trading at $5.20. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the...