Michael Kors Holdings Ltd (KORS): Today's Featured Retail Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Retail industry higher today making it today's featured retail winner. The industry as a whole closed the day down 0.3%. By the end of trading, Michael Kors Holdings rose $0.68 (1.1%) to $63.40 on light volume. Throughout the day, 2,642,264 shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 3,567,700 shares. The stock ranged in a price between $62.51-$64.00 after having opened the day at $62.94 as compared to the previous trading day's close of $62.72. Other companies within the Retail industry that increased today were:
(
), up 15.8%,
(
), up 4.4%,
(
), up 3.3% and
(
), up 2.8%.
Michael Kors Holdings Limited engages in the design, marketing, distribution, and retail of branded women's apparel and accessories, and men's apparel. The company sells its products primarily under the names of Michael Kors, MICHAEL KORS, MICHAEL MICHAEL KORS, and KORS MICHAEL KORS. Michael Kors Holdings has a market cap of $12.6 billion and is part of the services sector. Shares are up 22.9% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate Michael Kors Holdings a buy, 1 analyst rates it a sell, and 2 rate it a hold.
TheStreet Ratings rates Michael Kors Holdings as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation.
- You can view the full Michael Kors Holdings Ratings Report.
On the negative front,
(
), down 6.7%,
(
), down 6.7%,
(
), down 5.1% and
(
), down 4.1% , were all laggards within the retail industry with
(
) being today's retail industry laggard.
- Use our retail section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the retail industry could consider
(
) while those bearish on the retail industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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