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 higher today making it today's featured specialty retail winner. The industry as a whole closed the day up 0.8%. By the end of trading, Michael Kors Holdings rose $1.24 (1.5%) to $81.84 on light volume. Throughout the day, 2,745,122 shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 4,375,900 shares. The stock ranged in a price between $80.67-$82.09 after having opened the day at $80.96 as compared to the previous trading day's close of $80.60. Other companies within the Specialty Retail industry that increased today were:
), up 8.0%,
), up 6.8%,
), up 5.4% and
), up 4.5%.
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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 $16.3 billion and is part of the services sector. The company has a P/E ratio of 32.6, above the S&P 500 P/E ratio of 17.7. Shares are up 57.1% year to date as of the close of trading on Tuesday. 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
. 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 and notable return on equity. However, as a counter to these strengths, we also find weaknesses including premium valuation and weak operating cash flow.
- You can view the full Michael Kors Holdings Ratings Report.
On the negative front,
), down 7.3%,
), down 5.5%,
), down 3.9% and
), down 3.8%.
- 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.