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 Specialty Retail industry lower today making it today's featured Specialty Retail laggard. The industry as a whole closed the day down 1.5%. By the end of trading, Michael Kors Holdings fell $1.40 (-1.5%) to $92.04 on light volume. Throughout the day, 2,538,777 shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 3,431,100 shares. The stock ranged in price between $91.90-$94.28 after having opened the day at $93.69 as compared to the previous trading day's close of $93.44. Other companies within the Specialty Retail industry that declined today were:
), down 17.5%,
), down 8.6%,
), down 6.5% and
), down 5.0%.
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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 $19.2 billion and is part of the services sector. Shares are up 15.1% year to date as of the close of trading on Tuesday. Currently there are 11 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
. 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. 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.
- You can view the full Michael Kors Holdings Ratings Report.
On the positive front,
), up 3.7%,
), up 1.9%,
), up 1.7% and
), up 1.6% , were all gainers within the specialty retail industry with
) being today's featured specialty retail industry leader.
- Use our specialty retail section to find industry-relevant news.
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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
- Find other investment ideas from our top rated ETFs lists.