3 Retail Stocks Dragging The Industry Down

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 18 points (0.1%) at 15,482 as of Monday, July 15, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,893 issues advancing vs. 1,042 declining with 108 unchanged.

The Retail industry currently sits up 0.5% versus the S&P 500, which is up 0.1%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Michael Kors Holdings ( KORS) is one of the companies pushing the Retail industry lower today. As of noon trading, Michael Kors Holdings is down $1.43 (-2.2%) to $62.39 on average volume. Thus far, 1.9 million shares of Michael Kors Holdings exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $61.81-$62.81 after having opened the day at $62.50 as compared to the previous trading day's close of $63.82.

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 $13.0 billion and is part of the services sector. Shares are up 25.8% 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 hold. 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. Get the full Michael Kors Holdings Ratings Report now.

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