Michael Kors Holdings Ltd (KORS): Today's Featured Specialty Retail Winner
(
) pushed the Specialty Retail industry higher today making it today's featured specialty retail winner. The industry as a whole closed the day up 0.9%. By the end of trading, Michael Kors Holdings rose $0.79 (1.2%) to $63.76 on light volume. Throughout the day, 1,822,345 shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 3,812,000 shares. The stock ranged in a price between $63.16-$64.17 after having opened the day at $63.45 as compared to the previous trading day's close of $62.97. Other companies within the Specialty Retail industry that increased today were:
Birks & Mayors
(
BMJ
), up 8.7%,
(
), up 4.0%,
(
), up 3.6% and
(
), up 3.5%.
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 23.4% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate Michael Kors Holdings a buy, 1 analyst rates it a sell, and 1 rates 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 3.2%,
(
), down 1.8% and
(
), down 1.7%.
- Use our specialty 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 specialty retail industry could consider
(
) while those bearish on the specialty retail industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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