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 up 0.4%. By the end of trading, Michael Kors Holdings rose $0.90 (1.0%) to $91.20 on average volume. Throughout the day, 2,477,358 shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 2,957,800 shares. The stock ranged in a price between $90.63-$92.39 after having opened the day at $91.90 as compared to the previous trading day's close of $90.30. Other companies within the Retail industry that increased today were:
), up 14.9%,
), up 7.7%,
), up 6.9% and
), up 6.1%.
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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 $18.0 billion and is part of the services sector. The company has a P/E ratio of 33.0, above the S&P 500 P/E ratio of 17.7. Shares are up 8.6% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Michael Kors Holdings a buy, 2 analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Michael Kors Holdings
. 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 good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Michael Kors Holdings Ratings Report.
On the negative front,
), down 7.1%,
), down 6.3%,
), down 5.0% and
), down 4.3% , were all laggards within the retail industry with
) being today's retail industry laggard.
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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
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