3 Retail Stocks Dragging The Industry Down
1. As of noon trading, Michael Kors Holdings ( KORS) is down $3.85 (-4.6%) to $80.03 on heavy volume. Thus far, 5.8 million shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $79.59-$84.00 after having opened the day at $83.82 as compared to the previous trading day's close of $83.88. Michael Kors Holdings Limited engages in the design, marketing, distribution, and retailing of branded women's apparel and accessories, and men's apparel. The company operates in three segments: Retail, Wholesale, and Licensing. Michael Kors Holdings has a market cap of $17.1 billion and is part of the services sector. The company has a P/E ratio of 34.1, above the S&P 500 P/E ratio of 17.7. Shares are up 64.5% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Michael Kors Holdings a buy, 1 analyst rates it a sell, and 3 rate it a hold. TheStreet Ratings rates Michael Kors Holdings as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Michael Kors Holdings Ratings Report now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more. If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the retail industry could consider SPDR S&P Retail ETF ( XRT) while those bearish on the retail industry could consider ProShares Ultra Sht Consumer Goods ( SZK).
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